Wetouch Technology announces 1-for-20 reverse stock split effective September 12, 2023

Wetouch Technology Inc.

Reverse stock split at 1-for-20 ratio effective September 12, 2023 on OTCQB.
Authorized shares reduced from 300M to 15M; outstanding reduced from ~194.6M to ~9.7M.
No shareholder approval required per Nevada law; fractional shares rounded up.
Common stock to trade under symbol WETHD for 20 business days, then revert to WETH.
CUSIP number changes to 961881208; par value unchanged.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Wetouch Technology Inc.: 1-for-20 reverse stock split effected by filing Certificate of Change with Nevada Secretary of State, reducing authorized shares from 300,000,000 to 15,000,000 (effective 2023-09-12).

Change: charter amendment
Effective: 2023-09-12

Exact text from the filing

On September 7, 2023, Wetouch Technology Inc. (the “Company”) filed a Certificate of Change Pursuant to Nevada Revised Statutes Section 78.209 with the Secretary of State of the State of Nevada to affect a 1-for-20 reverse stock split

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Wetouch Technology Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-032364

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