Wetouch Technology Inc (WETH) — Who's Buying and Selling (13F, Q2 2026)

AI summary pending

Wetouch Technology (WETH) said in a July 31, 2026 8-K that it agreed to sell 31,037,830 common shares at $1.25 each to its controlling shareholders — Qixun Technology Limited and Qihong Technology Limited — raising about $38.8 million in gross proceeds. The private placement was priced at a premium to market under Nasdaq rules, is set to close around August 4, 2026, and the shares are subject to a one-year lock-up. The company says it intends to use the funds to obtain touch-screen complete systems through internal development or acquisitions, while noting that management has sole and absolute discretion on how the proceeds are used; the sale was also reported as an unregistered offering.

On July 28, 2026, Wetouch Technology Inc. (ticker: WETH) announced that its Board of Directors declared a special cash dividend of $0.5 million, or roughly $0.04 per share based on about 11.93 million shares outstanding. The dividend will be paid on or around September 30, 2026, with a record date of August 17, 2026. The company disclosed this via a press release filed as Exhibit 99.1.