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

Written By Bela Vanacore

Meishan, Sichuan, China, Feb. 23, 2024 (GLOBE NEWSWIRE) – Wetouch Technology Inc. (“Wetouch” or the “Company”), (Nasdaq: WETH) successfully closed an underwritten public offering, raising $10.8 million through the sale of 2,160,000 shares at $5.00 per share. The Company plans to utilize the proceeds for various purposes, including the construction of a new factory, research and development, and working capital. The Crone Law Group P.C. acted as counsel to Wetouch.

Bela Vanacore
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