Financing ·
Wetouch Technology Inc. entered into share purchase agreements with controlling shareholders Qixun Technology Limited…
WETHWetouch Technology Inc.
Wetouch Technology Inc. entered into share purchase agreements with controlling shareholders Qixun Technology Limited and Qihong Technology Limited to issue and sell 31,037,830 shares of common stock at $1.25 per share, generating gross proceeds of $38,797,287.50. The private placement closed on or about August 4, 2026, following a pricing premium under Nasdaq rules. Proceeds will fund the acquisition or in-house development of touch-screen complete systems, with shares subject to a one-year lock-up period. Wetouch Technology Inc. operates in the technology hardware industry, specializing in touch-screen solutions.