Wetouch Technology raises $38.8M via private placement of 31M shares at $1.25/share to controlling shareholders

Wetouch Technology Inc.

Entered into share purchase agreements with controlling shareholders Qixun Technology and Qihong Technology to issue 31,037,830 shares at $1.25 per share for gross proceeds of $38,797,287.50.
Closing expected on or about August 4, 2026; shares subject to one-year lock-up period.
Proceeds to be used for touch-screen complete systems through in-house development or acquisition from established manufacturers.
Offering priced at a premium to market under Nasdaq rules; purchasers are accredited investors.
Shares issued in reliance on Section 4(a)(2) and Regulation D; not registered under Securities Act.

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