---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-007695"
form_type: "8-K"
ticker: "WETH"
cik: "0001826660"
company_name: "Wetouch Technology Inc."
filed_at: "2024-02-23T23:59:59+00:00"
generated_at: "2026-06-05T17:21:48.044849+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Wetouch Technology raises $10.8M in public offering, uplists to Nasdaq Capital Market

## Summary
- Sold 2.16M shares at $5.00 each for gross proceeds of $10.8M; net proceeds ~$9.8M after discounts and expenses.
- Underwriters have 45-day option to purchase up to 324,000 additional shares at same price.
- Proceeds to fund new factory construction, two production lines, R&D, repayment of convertible notes, and working capital.
- Common stock began trading on Nasdaq Capital Market under ticker WETH on February 21, 2024.
- Representatives' warrants issued for 2% of shares at 125% of offering price, exercisable for 5 years.

## SEC filing metadata
- accession: 0001493152-24-007695
- form_type: 8-K
- ticker: WETH
- cik: 0001826660
- company_name: Wetouch Technology Inc.
- filed_at: 2024-02-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826660/000149315224007695/0001493152-24-007695-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826660/000149315224007695/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-007695
- JSON: https://secwatch.observer/filing/0001493152-24-007695.json
- Plain text: https://secwatch.observer/filing/0001493152-24-007695.txt

## Key facts
- Material Agreements
  Wetouch Technology Inc. entered into Underwriting Agreement with WestPark Capital, Inc. and Craft Capital Management LLC (effective 2024-02-20).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: WestPark Capital, Inc. and Craft Capital Management LLC
  - Effective: 2024-02-20
  source text: On February 20, 2024, Wetouch Technology Inc., a Nevada corporation (the “Company”), entered into an underwriting agreement (the “Underwriting Agreement”) with WestPark Capital, Inc. and Craft Capital Management LLC, as representatives (the “Representatives”) of the underwriters listed therein (the “Underwriters”), pursuant to which the Company agreed to sell to the Underwriters in a firm commitment underwritten public offering (the “Offering”) an aggregate of 2,160,000 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), at a public offering price of $5.00 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826660/000149315224007695/0001493152-24-007695-index.htm

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