Wetouch Technology closes $38.8 million private placement at $1.25 per share

Bitget2026/09/23 20:31

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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.
The shares were sold at a premium to market under Nasdaq rules; stockholders cleared the issuance at a 2026 special meeting.
Sale relied on an exemption from registration under Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wetouch Technology Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-102645), on September 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Wetouch Technology closes $38.8 million private placement at $1.25 per share

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