Wetouch Technology Inc. Files 8-K for July 2 Event
Ticker: WETH · Form: 8-K · Filed: Jul 8, 2024 · CIK: 1826660
Sentiment: neutral
Topics: 8-K, regulatory-disclosure, financials
TL;DR
Wetouch Tech 8-K filed: July 2 event, Reg FD disclosure, other events, financials. Check it out.
AI Summary
Wetouch Technology Inc. filed an 8-K on July 8, 2024, reporting an event that occurred on July 2, 2024. The filing primarily concerns a Regulation FD Disclosure and Other Events, along with financial statements and exhibits. The company's principal executive offices are located in Meishan City, Sichuan, China.
Why It Matters
This 8-K filing indicates that Wetouch Technology Inc. has made a regulatory disclosure and reported other events on July 2, 2024, which could contain material information for investors.
Risk Assessment
Risk Level: medium — The filing is an 8-K, which typically reports material events, but the specific nature of the 'Other Events' and 'Regulation FD Disclosure' is not detailed in the provided text, requiring further investigation.
Key Players & Entities
- Wetouch Technology Inc. (company) — Registrant
- July 2, 2024 (date) — Earliest event date
- July 8, 2024 (date) — Filing date
- Meishan City, Sichuan, China (location) — Principal executive offices
FAQ
What specific event occurred on July 2, 2024, that necessitated this 8-K filing?
The filing indicates an event occurred on July 2, 2024, but the specific details are not provided in the header information. The filing includes 'Regulation FD Disclosure' and 'Other Events' as reasons for the report.
What is the significance of the 'Regulation FD Disclosure' mentioned in the filing?
A Regulation FD Disclosure means the company is making public disclosure of material non-public information that was previously disclosed selectively to certain parties.
Where are Wetouch Technology Inc.'s principal executive offices located?
The principal executive offices are located at No.29, Third Main Avenue, Shigao Town, Renshou County, Meishan, Sichuan, China.
What is the company's state of incorporation and fiscal year end?
The company is incorporated in Nevada and its fiscal year ends on December 31.
What is the filing date of this 8-K report?
This 8-K report was filed on July 8, 2024.
Filing Stats: 707 words · 3 min read · ~2 pages · Grade level 11 · Accepted 2024-07-08 16:13:18
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value WETH The Nasdaq Stock Mar
- $15 million — the Company intends to repurchase up to $15 million of its common stock, from time to time,
- $1 — , for a purchase price of not less than $1 per share and not more than $4 per shar
- $4 — ess than $1 per share and not more than $4 per share, in the open market or privat
- $15 Million — d, "Wetouch Technologies Inc. Announces $15 Million Stock Buyback Program" 1 SIGNATURES
Filing Documents
- ea0209074-8k_wetouch.htm (8-K) — 32KB
- ea020907401ex99-1_wetouch.htm (EX-99.1) — 7KB
- 0001213900-24-059817.txt ( ) — 211KB
- weth-20240702.xsd (EX-101.SCH) — 3KB
- weth-20240702_lab.xml (EX-101.LAB) — 33KB
- weth-20240702_pre.xml (EX-101.PRE) — 22KB
- ea0209074-8k_wetouch_htm.xml (XML) — 4KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On July 8, 2024, Wetouch Technology Inc., a Nevada corporation (the "Company"), issued a press release regarding the Repurchase Program (defined below). A copy of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.1 and incorporated by reference into Item 7.01. The information in this Item 7.01, including Exhibit 99.1 attached hereto and incorporated by reference to this Item 7.01, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended and shall not be incorporated by reference into any filing with the SEC made by the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing. The information in this Item 7.01, including Exhibit 99.1 attached hereto and incorporated by reference into this Item 7.01, shall not be deemed an admission as to the materiality of any information in this Current Report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.
01 Other Events
Item 8.01 Other Events. On July 2, 2024, the Board of Directors (the "Board") of the Company approved and authorized a stock repurchase program (the "Repurchase Program"), pursuant to which the Company intends to repurchase up to $15 million of its common stock, from time to time, for a purchase price of not less than $1 per share and not more than $4 per share, in the open market or privately negotiated transactions. The Repurchase Program commenced on July 1, 2024 and will terminate on the date to be determined by the Board, for a period not to exceed 12 months from July 1, 2024. Pursuant to the Repurchase Program, the Company is not obligated to repurchase any specific number of shares of its common stock and shall not repurchase more than 25% of the average daily volume of its stock over the previous 20 trading days. Item 9.01 Financial Statements and Exhibits. (d) Exhibits . Exhibit Number Description 99.1 Press Release dated July 8, 2024 entitled, "Wetouch Technologies Inc. Announces $15 Million Stock Buyback Program" 1
SIGNATURES
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 8, 2024 By: /s/ Zongyi Lian Name: Zongyi Lian Title: President and Chief Executive officer (Principal Executive Officer) 2