Wetouch Technology prices $38.8 million private placement at $1.25 per share
WETH•Private placement details
- Wetouch Technology entered share purchase agreements on July 31, 2026 to sell 31,037,830 common shares in a private placement.
- The deal is priced at $1.25 per share for gross proceeds of $38.8 million and was priced at a premium to market under Nasdaq rules.
- The purchasers were controlling shareholders Qixun Technology Limited and Qihong Technology Limited; the shares are subject to a one-year lock-up.
- Closing is expected on or about Aug. 4, 2026, subject to customary conditions.
- Proceeds are earmarked for touch-screen complete systems via in-house development or acquisitions from established manufacturers.
