secwatch.observer — SEC 8-K summary
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Issuer:     Wetouch Technology Inc. (WETH)
CIK:        0001826660
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0001493152-23-002442
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826660/000149315223002442/0001493152-23-002442-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826660/000149315223002442/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-002442

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer