---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-002442"
form_type: "8-K"
ticker: "WETH"
cik: "0001826660"
company_name: "Wetouch Technology Inc."
filed_at: "2023-01-25T23:59:59+00:00"
generated_at: "2026-06-20T09:44:05.836369+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Wetouch Technology raises $40M through sale of 160M shares at $0.25 each

## Summary
- Sold 160,000,000 shares of common stock for aggregate purchase price of $40,000,000.
- Purchase price per share is $0.25; minimum offering was 100,000,000 shares.
- Net proceeds will be used for working capital, general corporate purposes, and debt repayment.
- Shares sold in unregistered offering exempt under Section 4(a)(2) and/or Regulation D and Regulation S.

## SEC filing metadata
- accession: 0001493152-23-002442
- form_type: 8-K
- ticker: WETH
- cik: 0001826660
- company_name: Wetouch Technology Inc.
- filed_at: 2023-01-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826660/000149315223002442/0001493152-23-002442-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826660/000149315223002442/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-002442
- JSON: https://secwatch.observer/filing/0001493152-23-002442.json
- Plain text: https://secwatch.observer/filing/0001493152-23-002442.txt

## Key facts
- Material Agreements
  Wetouch Technology Inc. entered into Securities Purchase Agreement with Buyers valued at $40,000,000 (effective 2023-01-19).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Buyers
  - Value: $40,000,000
  - Effective: 2023-01-19
  source text: On January 19, 2023, Wetouch Technology Inc., a Nevada corporation (the “Company”), entered into a Securities Purchase Agreement (the “Agreement”) with the buyers indicated therein (collectively, the “Buyers”), pursuant to which the Company sold to the Buyers an aggregate of 160,000,000 shares of the common stock of the Company (the “Shares”) for an aggregate purchase price of $40,000,000, or $0.25 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826660/000149315223002442/0001493152-23-002442-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.