Wetouch Technology closes $38.8 million private placement at $1.25 per share
Bitget2026/09/23 20:31- Wetouch Technology closed a private placement on Sept. 22, 2026, issuing 31,037,830 common shares at $1.25 each.
- Gross proceeds totaled $38.8 million; buyers were Qixun Technology (Samoa) Limited and Qihong Technology (Samoa) Limited.
- The shares were sold at a premium to market under Nasdaq rules; stockholders cleared the issuance at a 2026 special meeting.
- Sale relied on an exemption from registration under Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D.
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