Wetouch Technology Enters Share Purchase Agreements With Qixun Technology And Qihong Technology; Co To Issue 31M Shares At $1.25 Per Share For $38.80M Gross Proceeds
On July 31, 2026, Wetouch Technology Inc. (the "Company") entered into certain share purchase agreements (the "Share Purchase Agreements") with Qixun Technology Limited and Qihong Technology Limited, the
Wetouch Technology is selling 31 million new shares to two companies for about $39 million total. When a company sells lots of new shares, each old share's slice of the company gets smaller, so watch how investors react to this news.
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