WeTouch prices private placement of 31,037,830 shares at $1.25, raising $38.8 million - WETH News | RalliesWeTouch prices private placement of 31,037,830 shares at $1.25, raising $38.8 million
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WETH• Private placement details
- Wetouch set a private placement of 31,037,830 newly issued common shares at USD 1.25 each for about USD 38.8 million.
- Buyers are controlling shareholder platforms tied to the founder, directors, and management; proceeds go to the company, not insiders.
- Closing is expected around Aug. 4, 2026; issuance increases share count, diluting existing shareholders while boosting insider control.
- Shares are unregistered, sold under Securities Act exemptions including Section 4(a)(2) and Rule 506 of Regulation D.
- Purchasers accepted a 12-month lock-up, with restrictions on short-selling and share lending.
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