Highest-materiality recent filing
Entered into share purchase agreements with controlling shareholders Qixun Technology and Qihong Technology to issue 31,037,830 shares at $1.25 per share for gross proceeds of $38,797,287.50.
Wetouch regains Nasdaq compliance by filing delinquent Q1 and Q2 2025 10-Qs
Filed 1st Form 10-Q (March 31, 2025) on Oct 8, 2025; 2nd Form 10-Q (June 30, 2025) on Oct 9, 2025.
Received Nasdaq notice on August 21, 2025 for failure to timely file Form 10-Q for period ended June 30, 2025, in addition to previously delinquent Form 10-K (FY2024) and Form 10-Q (Q1 2025).
Wetouch receives Nasdaq bid price deficiency notice; has until Jan 12, 2026 to regain compliance
Nasdaq notified Wetouch that its closing bid price was below $1.00 for 30 consecutive business days as of July 15, 2025.
Nasdaq grants Wetouch extension to Oct 13, 2025 for late filings; auditor Enrome dismissed
Nasdaq accepted compliance plan, granting exception until Oct 13, 2025 to file overdue 10-K (2024) and 10-Qs (Q1, Q2 2025).
Wetouch receives Nasdaq non-compliance notice for late Q1 2025 10-Q and FY2024 10-K
Nasdaq notice dated May 27, 2025: Wetouch failed to file Form 10-Q for March 31, 2025 and remains delinquent on Form 10-K for December 31, 2024.
Wetouch receives Nasdaq non-compliance notice for late 2024 10-K filing
Received Nasdaq notice on April 21, 2025 for failing to file its 2024 Form 10-K by the March 31 due date.
Wetouch Technology announces $15M stock buyback; CEO says stock significantly undervalued
Board approved repurchase of up to $15 million of common stock at $1-$4 per share.
Wetouch Technology dismisses BF Borgers as auditor after SEC order; engages Enrome LLP
Audit committee dismissed BF Borgers CPA PC on May 9, 2024, effective immediately.
Wetouch Technology raises $10.8M in public offering, uplists to Nasdaq Capital Market
Sold 2.16M shares at $5.00 each for gross proceeds of $10.8M; net proceeds ~$9.8M after discounts and expenses.
Wetouch Technology announces 1-for-20 reverse stock split effective September 12, 2023
Reverse stock split at 1-for-20 ratio effective September 12, 2023 on OTCQB.
Wetouch Technology raises $40M through sale of 160M shares at $0.25 each
Sold 160,000,000 shares of common stock for aggregate purchase price of $40,000,000.
Wetouch Technology 80% complete on new Chengdu production facility; expects Q1 2023 mass production
Completed 80% of construction on new Chengdu production facility; expects completion by end of 2022.
Wetouch Technology issues $750k convertible notes and warrants to three lenders
Each of three lenders receives a $250,000 convertible note; total principal $750,000; gross proceeds $675,000 after original discount.
Wetouch Technology issues $500K in convertible notes with warrants to two lenders
Issued $250K convertible notes to FirstFire Global Opportunities (Nov 16) and LGH Investments (Nov 24).
On May 1, 2025, the Board appointed Jing Guo to serve as a member of the Board, the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee of the Board, including as the Chairperson of the Nominating and Corporate Governance Committee.
On May 1, 2025, the Board appointed Guijun Gan to serve as the Chairperson of the Audit Committee of the Board and removed him from his position as the Chairperson of the Nominating and Corporate Governance Committee of the Board.
On April 29, 2025, Ms. Jing Chen tendered her resignation as a member of the Board of Directors (the “Board”) of Wetouch Technology Inc. (the “Company”), which means that she will no longer serve as a member of the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee of the Board, including as the Chairperson of the Audit Committee.
On July 8, 2024, Mr. Yuhua Huang resigned as a Chief Financial Officer of Wetouch Technology Inc. (the “Company”).
On July 8, 2024. the Board of Company appointed Xing Tang to serve as the Chief Financial Officer of the Company, effective July 8, 2024.
(ii) Jiaxing Huang to serve as a member of the Board, the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee of the Board, including as chairperson of the Compensation Committee
(iii) Guijun Gan to serve as a member of the Board, the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee of the Board, including as chairperson of the Nominating and Corporate Governance Committee
(i) Guangrong Cai to serve as a member of the Board and Chairman of the Board
Mr. Fei Bai resigned as a member of the Board of Directors (the “Board”) and as the Chairman of the Board.
Mr. Congjin Wang resigned as a member of the Board and the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee of the Board, including as chairperson of the Nominating and Corporate Governance Committee.
Mr. Xiaojin Tang resigned as a member of the Board and the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee of the Board, including as chairperson of the Compensation Committee.
The Board of Directors (the “Board”) of Wetouch Technology Inc. (the “Company”) has appointed Congjin Wang to serve as a member of the Board, effective February 17, 2023 and to serve as a member of the Audit Committee, the Compensation Committee and as the Chairman of Nominating and Corporate Governance Committees of the Board.
Max materiality 0.85 · Median 0.55 · Most common event other_material