Wetouch Technology (WETH) has released an update.
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Wetouch Technology Inc. successfully launched its public offering on February 20, 2024, selling 2.16 million shares at $5 each, with a potential additional 324,000 shares through an over-allotment option. This offering, which closed on February 23, saw the company’s stock commence trading on the Nasdaq under the symbol WETH, and is expected to net the company roughly $9.8 million after expenses. The involved parties have also agreed to a 180-day lock-up period, during which they will not sell any company securities.
For further insights into WETH stock, check out TipRanks’ Stock Analysis page.