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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Lithium-For-Earth Raises KRW 1.32 Billion in Private Placement
Anthropic "accidentally" leaks IPO documents! Plans to raise $69.3 billion, valuation drops from 2 trillion to 1.3 trillion
Anthropic mistakenly published and then withdrew a prospectus for a planned $69.3 billion fundraising, with its valuation dropping from a peak of $2 trillion to between $1.1 trillion and $1.3 trillion.
Subaru Publishes Transcript of First-Half FYE 2027 Financial Results Presentation
Citi: Occidental Petroleum (OXY.US) Q3 cash flow surpasses expectations, accelerated debt repayment cannot hide concerns over Q4 output
Citi published a research report maintaining Occidental Petroleum's "Neutral" rating, with a target price of $65.
Crypto prices
More
