Wetouch Technology Inc (WETH) Share Price

WETH.............................https://stockcharts.com/h-sc/ui?s=WETH&p=W&b=5&g=0&id=p86431144783

WETH...........................https://stockcharts.com/h-sc/ui?s=WETH&p=W&b=5&g=0&id=p86431144783

It looks like someone has “information”
Volume in a half hr this am
has surpassed the 90 day avg volume

WETOUCH TECHNOLOGY INC.
FORM NT 10-Q
(Notification that Quarterly Report will be submitted late)
Filed 05/16/24 for the Period Ending 03/31/24

https://www.otcmarkets.com/filing/conv_pdf?id=17550129&guid=7iQ-kF3pD-GaJth

WETOUCH TECHNOLOGY INC.
FORM 8-K
(Current report filing)
Filed 05/16/24 for the Period Ending 05/09/24

https://www.otcmarkets.com/filing/conv_pdf?id=17549484&guid=7iQ-kF3pD-GaJth

Wetouch Technology Inc. Unveils Cutting-Edge Second-Generation Touchscreen Products and Receives US $15M in Orders

Source: PR Newswire (US)
CHENGDU, China, May 6, 2024 /PRNewswire/ -- Wetouch Technology Inc. (Nasdaq: WETH) proudly announces the launch of its highly anticipated second-generation touchable screen products. These innovative offerings redefine user experience with unmatched responsiveness, durability, and state-of-the-art design, solidifying Wetouch's position as an industry innovator and leader.

Mr. Tsungyi Lien, CEO of Wetouch Technology, stated:"We are thrilled to introduce our second-generation touchscreen products, which represent the culmination of years of research, development, and dedication to excellence. The overwhelming response from our clients reaffirms our commitment to delivering cutting-edge solutions that exceed expectations."

Several prominent international clients, including Siemens in Germany, as well as Canon and Sharp in Japan, have already placed orders for our latest products. These orders will contribute around US$15 million of new sales revenue for this fiscal year, emphasizing the remarkable market demand and the superior quality and performance of Wetouch's cutting-edge touchscreen solutions. The company is expecting more orders in the future.

About Wetouch Technology Inc.:

Wetouch Technology Inc. is a leading provider of innovative touchscreen solutions, dedicated to pushing the boundaries of technology to enhance user experiences across various industries. With a focus on quality, performance, and reliability, Wetouch continues to pioneer advancements in touchscreen technology, shaping the future of interactive digital interfaces worldwide.

*Safe Harbor Statement:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates, forecasts, and projections and involve risks and uncertainties that could cause actual results to differ materially from those anticipated. The Company assumes no obligation to update any forward-looking statements contained in this press release as a result of new information or future events or developments.

For media inquiries, please contact:

Horizon Investor Relations
Contact: Michael Wei
Email: hwey@horizonconsultancy.co
Financial Disclosure Advisory

Cision View original content:https://www.prnewswire.com/news-releases/wetouch-technology-inc-unveils-cutting-edge-second-generation-touchscreen-products-and-receives-us-15m-in-orders-302136745.html

SOURCE Wetouch Technology Inc.


Copyright 2024 PR Newswire

Wetouch Technology Inc. Announces $56.3M USD Revenue Guidance for FY 2024, Reflecting 41% Growth Over FY 2023

Source: PR Newswire (US)
CHENGDU, China, April 22, 2024 /PRNewswire/ -- Wetouch Technology Inc. (NASDAQ: WETH), a trailblazer in the global touch display industry, is pleased to announce its revenue guidance of $56.3 million USD for the fiscal year 2024, reflecting robust 41% growth and a resilient financial performance.

Building upon the solid foundation laid in 2023, during which Wetouch recorded revenue of $39.70 million USD and net income of $8.26 million USD, the company continues to demonstrate its commitment to driving innovation and delivering value to shareholders. This marks a notable increase of approximately 41% in revenue from the previous fiscal year.

Mr. Tsungyi Lien, CEO of Wetouch, expressed his optimism regarding the company's performance, stating, "We are enthusiastic about Wetouch's performance and growth opportunities in fiscal year 2024. With an expanding portfolio of major clients globally, we are confident that our continued commitment to innovation and customer satisfaction will drive significant value for our shareholders."

Following this positive outlook, Wetouch remains dedicated to expanding its global footprint and enhancing its product offerings to meet the evolving needs of its customers. With ongoing investments in research and development, strategic partnerships, and operational efficiency, Wetouch is poised to capitalize on emerging opportunities and maintain its leadership position in the touch display industry.

About Wetouch Technology Inc.:

Wetouch Technology Inc. is at the forefront of providing premium touch display solutions, dedicated to reshaping human-machine interaction across diverse industries. With a relentless focus on innovation and customer satisfaction, Wetouch consistently delivers cutting-edge technology and unparalleled performance in touch display solutions globally.

Safe Harbor Statement:

This press release may contain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are identified by terms such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar expressions. Such statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated. Additional information regarding these risks and other factors is included in the Company's filings with the U.S. Securities and Exchange Commission (SEC). All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements, except as required by law.

This press release is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer for sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

Cision View original content:https://www.prnewswire.com/news-releases/wetouch-technology-inc-announces-56-3m-usd-revenue-guidance-for-fy-2024--reflecting-41-growth-over-fy-2023--302123206.html

SOURCE Wetouch Technology Inc.


Copyright 2024 PR Newswire

WETH new 52=lo

WETH new 52 week low

$WETH shorts have a vise like grip on this stock . Even with good news it gets crushed .

LOL

That was quick

Oink oink

WETOUCH TECHNOLOGY INC.
FORM 8-K
(Current report filing)
Filed 02/23/24 for the Period Ending 02/23/24

https://www.otcmarkets.com/filing/conv_pdf?id=17303264&guid=szQ-kWUl8lFaJth

Wetouch Announces Strategic Collaboration with IDEC Corporation, Elevating Presence in Japanese Touch Display Market

Source: PR Newswire (US)
CHENGDU, China, March 18, 2024 /PRNewswire/ -- Wetouch Technology Inc.(NASDAQ: WETH), a pioneering force in the global touch display industry, is proud to announce its latest milestone in establishing a robust international footprint. Through relentless dedication to innovation and customer satisfaction, Wetouch has solidified its position as a trusted provider of high-quality touch display solutions worldwide.

Building on its esteemed reputation and unwavering commitment to excellence, Wetouch has forged a strategic collaboration with IDEC Corporation, a distinguished leader in automation equipment based in Japan. IDEC's dedication to creating solutions that bridge the gap between people and machines aligns seamlessly with Wetouch's mission to deliver cutting-edge technology that enhances user experiences across various industries.

With a shared vision for advancing human-machine interaction (HMI), the official partnership between Wetouch and IDEC represents a significant milestone in the evolution of touch display technologies. This collaboration not only underscores Wetouch's continued growth and influence in the international market but also signifies a deeper penetration into the highly coveted Japanese touch display sector.

"Partnering with IDEC Corporation is a testament to Wetouch's unwavering commitment to innovation and customer-centricity," said Mr. Tsungyi Lien, the CEO of Wetouch. "We are thrilled to join forces with IDEC to deliver groundbreaking touch display solutions that will revolutionize the way people interact with technology in Japan and beyond."

IDEC Corporation, renowned for its comprehensive range of automation solutions and esteemed reputation in the field of switches, brings a wealth of expertise and credibility to the partnership. Together, Wetouch and IDEC are poised to drive advancements in HMI technology, empowering businesses and consumers alike with unparalleled touch display experiences.

The collaboration between Wetouch and IDEC Corporation heralds a new era of innovation and opportunity in the touch display industry. As both companies continue to push boundaries and elevate industry standards, customers can expect an unparalleled level of quality, reliability, and performance in touch display solutions.

For more information about Wetouch and its innovative touch display solutions, visit http://www.wetouchinc.com To learn more about IDEC Corporation and its comprehensive automation solutions, visit https://www.idec.com

About Wetouch Technology Inc.:

Wetouch is a leading provider of high-quality touch display solutions, committed to revolutionizing human-machine interaction across various industries. With a focus on innovation and customer satisfaction, Wetouch delivers cutting-edge technology and unmatched performance in touch display solutions worldwide.

About IDEC Corporation:

IDEC Corporation is a globally recognized leader in automation solutions, dedicated to creating innovative products that connect people and machines in Japan. With a diverse portfolio of automation equipment and a steadfast commitment to excellence, IDEC is shaping the future of automation technology worldwide.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. Statements that are not historical facts, including statements about the Company's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

Michael Wei

Horizon Research Management Consultancy

Email: hwey@horizonconsultancy.co

Cision View original content:https://www.prnewswire.com/news-releases/wetouch-announces-strategic-collaboration-with-idec-corporation-elevating-presence-in-japanese-touch-display-market-302091545.html

SOURCE WETOUCH TECHNOLOGY INC


Copyright 2024 PR Newswire

WestPark Capital Announces Closing of $10.8 Million Public Offering of Common Stock for Wetouch Technology Inc (Nasdaq: WETH )

Source: Business Wire
WestPark Capital, Inc., a full-service investment bank and securities broker-dealer, today announced the closing of a $10.8 Million public offering for Wetouch Technology Inc. (Nasdaq: WETH ). (“Wetouch” or the “Company”), is a Nevada company, through its wholly-owned subsidiary, and is engaged in the research, development, manufacturing, sales and servicing of projected capacitive touchscreens. The offering consisted of 2,160,000 shares of common stock at a price to the public of $5.00 per share (the “Offering”).

Proceeds from the Offering will be used for the construction of a new factory, facilities and office buildings, the purchase of two production lines in the new factory, research and development, the repayment of convertible promissory notes, and working capital and general corporate purposes.

WestPark Capital, Inc. served as lead book running manager for the Offering.

The shares of common stock described above were offered by the Company pursuant to a registration statement on Form S-1 (File No. 333-270726) that was initially filed by the Company with the U.S. Securities and Exchange Commission (SEC) on March 21, 2023 and declared effective by the SEC on February 14, 2024. The Offering was made by means of a written prospectus that forms a part of the registration statement. A final prospectus relating to the Offering was filed with the SEC and is available on the SEC’s website located at http://www.sec.gov and may also be obtained from WestPark Capital, Inc., 1800 Century Park East, Suite 220, Los Angeles, CA 90067, tel: 310-203-2919, e-mail: jstern@wpcapital.com.

About WestPark Capital, Inc.

WestPark Capital is a full-service investment bank focused on emerging growth sectors such as healthcare, software, technology, biotechnology, financial services, manufacturing, consumer products, media and telecom industries, among other categories. WestPark Capital provides a comprehensive range of corporate finance services, including initial public offerings, follow-on offerings, private placements, CMPOs, RDs, ATM, SIPOs and corporate finance advisory services. Additional information about WestPark Capital is available at www.wpcapital.com or at info@wpcapital.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.


View source version on businesswire.com: https://www.businesswire.com/news/home/20240228892455/en/

WestPark Capital, Inc.
Jason Stern
info@wpcapital.com

Uh oh

Busy day….

WETH
Wetouch Technology Inc.
Common Stock
3.05
-4.45
-59.33%
Delayed (15 Min) Trade Data: 04:00pm 02/21/2024
OPEN
4.00
DAILY RANGE
2.61 - 4.49
VOLUME
565,453

News

February 21, 2024
12:03 pm ET
Wetouch Technology Shares Drop 55% After Public Offering Prices
Dow Jones
12:01 pm ET
On Feb 20, 2024 Wetouch Technology Announced Pricing Of $10.8M Public Offering Of Common Stock; Co Began Trading On The Nasdaq Capital Market Today
Benzinga

WETH moved to the Nasdaq from the OTC:

https://otce.finra.org/otce/dailyList?viewType=Deletions

🙄🙄🙄

https://www.otcmarkets.com/stock/WETH/disclosure

https://www.otcmarkets.com/filing/conv_pdf?id=17254031&guid=rQd-kqgiDmQFJth

https://www.otcmarkets.com/filing/conv_pdf?id=17261551&guid=rQd-kqgiDmQFJth

https://www.otcmarkets.com/filing/pdf?id=17279867&guid=rQd-kqgiDmQFJth

This P O S ever gonna trade ???

W E T H

We applied to list our common stock on the Nasdaq Capital Market under the symbol “WETH”. We believe that upon completion of the Underwritten Offering contemplated by this prospectus, we will meet the standards for listing on the Nasdaq Capital Market. No assurance can be given that our application will be approved or that the trading prices of our common stock on the OTCQB will be indicative of the prices of our common stock if our common stock were traded on the Nasdaq Capital Market. This Underwritten Offering is contingent upon the listing of our common stock on the Nasdaq Capital Market.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

AMENDMENT NO. 4 TO
FORM S-1

https://www.otcmarkets.com/filing/html?id=17066344&guid=W9J-k69wzo89dth

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-Q

https://www.otcmarkets.com/filing/html?id=17056751&guid=W9J-k69wzo89dth

When does this POS lose the "D" ? It's been 2 months now ...

WETOUCH TECHNOLOGY INC.

FORM S-1/A
(Securities Registration Statement)
Filed 09/22/23

https://www.otcmarkets.com/filing/conv_pdf?id=16944194&guid=yeg-k69wzoiqJth

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 12, 2023

WETOUCH TECHNOLOGY INC. https://www.otcmarkets.com/filing/html?id=16926197&guid=3Bg-kpu8ZQRnJth

WETH: one for 20 reverse split: (PPS closed at .56)

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

Taken from recent Q report : https://www.otcmarkets.com/filing/html?id=16868621&guid=xbN-kFZIIMRnJth

NOTE 15 — SUBSEQUENT EVENT

On February 17, 2023, the Board of Directors of the Company authorized a reverse stock split with a ratio of not less than one to five (1:5) and not more than one to eighty (1:80), with the exact amount and the timing of the reverse stock split to be as determined by the Chairman of the Board. On July 16, 2023, the Chairman of Company issued a certificate to determine that the reverse stock split ratio of its common stock was fixed at 1-for-20. The Company will retroactively restate the number of shares of common stock outstanding once it is implemented.

Green days are good days $WETH

They haven't set the ratio of the R/S nor implemented it . ( That I have seen . ) .

So how many in os after the rs?

Good one ..FOMO ? Nope ...

I read on Twitter $WETH is only planing on 3 more S-1/A’s in 2023. Get excited get get excited $$

$WETH Surprising interest today . Don't see why ...

$WETH Another S-1/A filed today >> https://www.otcmarkets.com/stock/WETH/disclosure

How many does THAT make ?

They bought $40m worth of shares at .25 to cover their naked short position. If not price should go up from here- either that or their $WETH investment strategy is similar to mine.

Minor details

From the sale of 160 million shares @ 25 cents . Net $40 million .

Stock split still on the table . I will consider buying AFTER the split .

It takes time for them to count all the cash on hand $92m. $WETH

10-Q finally posted : https://www.otcmarkets.com/stock/WETH/disclosure

Oh looky , another S-1/A has been filed : https://www.otcmarkets.com/stock/WETH/disclosure

Market isn't buying anything $WETH is putting out .... Something smells poopy .

Cash on hand at the of 2022 $51m. Current market cap. $45m $WETH

EPS was .27 not .05

$40m revenue. EPS .05 per share. $WETH

10K is out > https://www.otcmarkets.com/stock/WETH/disclosure

The 10K will now be late : https://www.otcmarkets.com/stock/WETH/disclosure

$WETH > More mumbo-jumbo : "proposed" S-1 is out :

https://www.otcmarkets.com/stock/WETH/disclosure

https://www.otcmarkets.com/filing/html?id=16505762&guid=r0A-k6fOuPKFQth

"We expect to effect a 1-for-[ ] reverse stock split of our outstanding common stock, with the number of authorized shares of common stock reduced ratably, effective immediately following the effectiveness of the registration statement of which this prospectus forms a part, prior to the completion of this offering (the “Reverse Stock Split”). On February 17, 2023, our Board of Directors (the “Board”) authorized a reverse stock split of each of the outstanding shares of our common stock, $0.001 par value per share, at a ratio to be determined by the Board of within a range of a minimum of a one-for-five (1-for-5) to a maximum of one-for-eighty (1-for-80) (the “Reverse Stock Split Ratio”), with the exact ratio to be set at a number within this range as determined by the Board in its sole discretion, with no change in par value. We intend for the Board to effect such reverse stock split in connection with the Underwritten Offering and our intended listing of our common stock on the Nasdaq Capital Market. However, we cannot guarantee that such reverse stock split will occur based on the ratio stated above, that such reverse stock split will be necessary or will occur in connection with the listing of our common stock on the Nasdaq Capital Market, or that the Nasdaq Stock Market will approve our initial listing application for our common stock upon such reverse stock split."