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Chinese language-American touchscreen maker Wetouch ( OTCQB:WETH ) refiled with the SEC to checklist its shares on the Nasdaq and lift about $46 million.
Wetouch did not say in its submitting what number of shares it wished to supply or the value, but it surely did in his submissions really feel schedule that he sought to lift about $46 million. The promoting shareholders plan to supply as much as 3.9 million further shares.
Wetouch shares are at present traded on the OTC market beneath the image WETH. The corporate has utilized to checklist on the Nasdaq beneath the identical image and plans to conduct a reverse inventory break up forward of the providing.
Craft Capital Administration and RF Lafferty & Co. are performing as lead underwriters of the deal.
Integrated within the state of Nevada, Wetouch conducts most of its operations in China by way of subsidiaries. The corporate designs, manufactures, sells and companies medium and enormous contact screens for each the Chinese language and worldwide markets.
The corporate was worthwhile. For the 9 months ended Sept. 30, Wetouch reported internet revenue of $8.8 million on income of $35.4 million.
Wetouch filed for an preliminary public providing in September 2021, in search of to lift about $58 million. Earlier this month, the SEC introduced the termination of the registration as a result of a scarcity of motion.
Wetouch acquired permission to checklist its shares on the OTCQB market in March 2021.
