WestPark Capital Announces Closing of $10.8 Million Public Offering of Common Stock for Wetouch Technology Inc (Nasdaq: WETH )
28 Febrero 2024 - 8:00AM
Business Wire
WestPark Capital, Inc., a full-service investment bank and
securities broker-dealer, today announced the closing of a $10.8
Million public offering for Wetouch Technology Inc. (Nasdaq: WETH
). (“Wetouch” or the “Company”), is a Nevada company, through its
wholly-owned subsidiary, and is engaged in the research,
development, manufacturing, sales and servicing of projected
capacitive touchscreens. The offering consisted of 2,160,000 shares
of common stock at a price to the public of $5.00 per share (the
“Offering”).
Proceeds from the Offering will be used for the construction of
a new factory, facilities and office buildings, the purchase of two
production lines in the new factory, research and development, the
repayment of convertible promissory notes, and working capital and
general corporate purposes.
WestPark Capital, Inc. served as lead book running manager for
the Offering.
The shares of common stock described above were offered by the
Company pursuant to a registration statement on Form S-1 (File No.
333-270726) that was initially filed by the Company with the U.S.
Securities and Exchange Commission (SEC) on March 21, 2023 and
declared effective by the SEC on February 14, 2024. The Offering
was made by means of a written prospectus that forms a part of the
registration statement. A final prospectus relating to the Offering
was filed with the SEC and is available on the SEC’s website
located at http://www.sec.gov and may also be obtained from
WestPark Capital, Inc., 1800 Century Park East, Suite 220, Los
Angeles, CA 90067, tel: 310-203-2919, e-mail:
jstern@wpcapital.com.
About WestPark Capital, Inc.
WestPark Capital is a full-service investment bank focused on
emerging growth sectors such as healthcare, software, technology,
biotechnology, financial services, manufacturing, consumer
products, media and telecom industries, among other categories.
WestPark Capital provides a comprehensive range of corporate
finance services, including initial public offerings, follow-on
offerings, private placements, CMPOs, RDs, ATM, SIPOs and corporate
finance advisory services. Additional information about WestPark
Capital is available at www.wpcapital.com or at
info@wpcapital.com.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
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version on businesswire.com: https://www.businesswire.com/news/home/20240228892455/en/
WestPark Capital, Inc. Jason Stern info@wpcapital.com
Wetouch Technology (NASDAQ:WETH)
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