UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01 Entry into a Material Definitive Agreement
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 controlling shareholders of the Company (the “Purchasers”), pursuant to which the Company agreed to issue and sell an aggregate of 31,037,830 shares of its common stock, par value $0.001 per share, at a purchase price of $1.25 per share for gross proceeds of $38,797,287.50. The offering was priced at a premium to market under Nasdaq rules.
The closing of the private placement is expected to occur on or about August 4, 2026, subject to the satisfaction of customary closing conditions. The management of the Company has sole and absolute discretion concerning the use of the proceeds from the offering. The shares issued pursuant to the Share Purchase Agreements 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.
Item 3.02 Unregistered Sales of Equity Securities
The disclosure set forth in Item 1.01 hereof is hereby incorporated by reference into this Item 3.02.
The securities referenced therein were issued and sold in reliance upon exemptions from registration provided by Section 4(a)(2) of the Securities Act of 1933 and Rule 506 of Regulation D thereunder. Each purchaser represented that they are an “accredited investor” and were acquiring the securities for investment purposes.
The foregoing description of the Share Purchase Agreements does not purport to be complete and is qualified in its entirety by reference to the full text of the Share Purchase Agreements. A copy of the form of such Share Purchase Agreement is attached hereto as Exhibits 10.1, and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit Number |
Description | |
| 10.1 | Form of Share Purchase Agreement in respect of the shares of the Company’s common stock |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| WETOUCH TECHNOLOGY INC. | ||
| Date: July 31, 2026 | By: | /s/ Zongyi Lian |
| Name: | Zongyi Lian | |
| Title: | President and Chief Executive officer (Principal Executive Officer) | |
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