# Wetouch Technology Inc. (WETH) — capital_raise/private_placement [pending]
Source: SEC API (secapi.ai) · situation sit_2f12bf2efcee0f52bdff · retrieved 2026-08-11T15:48:41.241Z

## Overview
Wetouch Technology Inc. is a computer peripheral equipment manufacturer that develops and sells touch-screen systems.

On July 31, 2026, Wetouch Technology Inc. entered into share purchase agreements with Qixun Technology Limited and Qihong Technology Limited, its controlling shareholders, to issue and sell an aggregate of 31,037,830 shares of common stock at $1.25 per share for gross proceeds of $38,797,287.50. The offering was priced at a premium to market under Nasdaq rules. Closing is expected on or about August 4, 2026, subject to customary closing conditions. The shares are subject to a one-year lock-up period. The company intends to use the proceeds to obtain touch-screen complete systems through in-house development or acquisition from established manufacturers.

## Terms
- Counterparty: Qixun Technology Limited and Qihong Technology Limited · Deal value: $38.8M · Consideration: cash · Price/share: $1.25

## Key dates
- Announced 2026-07-31 · Expected close 2026-08-04

## Timeline
- 2026-07-31 · 8-K (0001213900-26-084117): 8-K - Wetouch Technology Inc. — *Wetouch Technology Inc. is a computer peripheral equipment manufacturer that develops and sells touch-screen systems.* On July 31, 2026, Wetouch Technology Inc. entered into share purchase agreements with Qixun Technology Limited and Qihong Technology Limited, its controlling shareholders, to issue and sell an aggregate of 31,037,830 shares of common stock at $1.25 per share for gross proceeds of $38,797,287.50. The offering was priced at a premium to market under Nasdaq rules. Closing is expected on or about August 4, 2026, subject to customary closing conditions. The shares are subject to a one-year lock-up period. The company intends to use the proceeds to obtain touch-screen complete systems through in-house development or acquisition from established manufacturers.
  https://www.sec.gov/Archives/edgar/data/1826660/0001213900-26-084117.txt

## Citations
- 0001213900-26-084117 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026084117