Wetouch Technology closes $38.8 million private placement at $1.25 per share
WETH•Offering exemption
The sale relied on an exemption from registration under Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D.
Share issuance cleared by stockholders
The shares were sold at a premium to market under Nasdaq rules; stockholders cleared the issuance at a 2026 special meeting.
Private placement closed on Sept. 22, 2026
Wetouch Technology closed a private placement on Sept. 22, 2026, issuing 31,037,830 common shares at $1.25 each.
Gross proceeds totaled $38.8 million; buyers were Qixun Technology (Samoa) Limited and Qihong Technology (Samoa) Limited.
