secwatch.observer — SEC 8-K summary
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Issuer:     Wetouch Technology Inc. (WETH)
CIK:        0001826660
Form:       8-K
Filed at:   2023-09-12T23:59:59+00:00
Accession:  0001493152-23-032364
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826660/000149315223032364/0001493152-23-032364-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826660/000149315223032364/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-032364

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