STOCK TITAN

Wetouch Technology (NASDAQ: WETH) regains bid price and gets more time

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Wetouch Technology Inc. reported an update on its Nasdaq listing status. The company previously fell behind on required SEC filings, including its Form 10-K for the year ended December 31, 2024 and its Form 10-Qs for the quarters ended March 31, 2025 and June 30, 2025. Nasdaq had notified the company that these delays violated the filing requirements under Listing Rule 5250(c)(1).

Wetouch submitted compliance plans and filed its Form 10-K on September 11, 2025. On September 15, 2025, Nasdaq granted an extension until October 13, 2025 for the company to file its two delinquent Form 10-Qs. The company states it is working diligently to complete these reports.

Separately, Wetouch had received a prior notice that its share price was below the $1.00 minimum bid required by Listing Rule 5550(a)(2). As of September 15, 2025, Nasdaq confirmed that the company’s stock closed at or above $1.00 for the required period and that Wetouch has regained compliance with the minimum bid price rule and is in full compliance with all continued listing standards of the Nasdaq Global Market.

Positive

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Negative

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Insights

Wetouch gains bid-price compliance but still must cure filing delays.

Wetouch Technology Inc. has addressed one major Nasdaq issue by restoring its share price above the $1.00 minimum bid required under Listing Rule 5550(a)(2). Nasdaq confirmed on September 15, 2025 that the closing price had met the standard for the requisite period and that this matter is closed. This removes an immediate risk tied to low trading prices.

However, the company remains late on key SEC reports: the Form 10-K for the year ended December 31, 2024 was only filed on September 11, 2025, and the Form 10-Qs for the quarters ended March 31, 2025 and June 30, 2025 are still outstanding. Nasdaq granted an extension until October 13, 2025 for these delinquent reports under Listing Rule 5250(c)(1). The continuation of timely filings beyond that date will be an important indicator of how effectively Wetouch can maintain full listing compliance over time.

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing Securities
The company received a delisting notice or transferred its listing to a different exchange.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): September 15, 2025

 

WETOUCH TECHNOLOGY INC.

(Exact name of registrant as specified in its charter)

 

Nevada   001-41957   20-4080330

(State or other jurisdiction

of incorporation)

  (Commission File Number)  

(IRS Employer

Identification No.)

 

No.29, Third Main Avenue, Shigao Town, Renshou County,

Meishan, Sichuan, China 620500

(Address of principal executive offices)

 

Registrant’s telephone number, including area code: (86) 28-37390666

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Company under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, $0.001 par value   WETH   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

 

Extension of Compliance Period

 

As previously disclosed, On April 21, 2025, May 27, 2025, and August 21, 2025, WETOUCH TECHNOLOGY INC. (the “Company”), received the notices (the “Delinquency Notification”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) indicating the Company did not comply with Nasdaq’s filing requirements set forth in Listing Rule 5250(c)(1) (the “Rule”) because it failed to timely file its Form 10-K for the year ended December 31, 2024 (the “Form 10-K”), Form 10-Q for the period ended March 31, 2025  (the “1st Form 10-Q”), and Form 10-Q for the period ended June 30, 2025  (the “2nd Form 10-Q”, together with the 1st Form 10-Q, collectively, the “Delinquent Reports”).

 

The Company submitted compliance plans to the Staff on June 18, 2025, and August 28, 2025.

 

On September 11, 2025, the Company filed its Form 10-K for the period ending December 31, 2024.

 

On September 15, 2025, the Company received a letter from Nasdaq, notifying the Company of its review of the Company’s compliance plans and granted an extension for the Company to submit the Delinquent Reports by October 13, 2025.

 

The Company is working diligently to complete its Delinquent Reports and intends to file them as promptly as practicable to regain compliance with the Listing Rule.

 

Regain Bid Price Compliance

 

As previously disclosed, on July 15, 2025, the Company received a letter (the “Notice”) from the Staff of Nasdaq notifying the Company that, for the last 30 consecutive business days, the bid price for the Company’s common stock had closed below $1.00 per share, the minimum closing bid price required by the continued listing requirements of Nasdaq. The Company had a period of 180 calendar days, or until January 12, 2026, to regain compliance with the Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”).

 

On September 15, 2025, the Company received a letter from Nasdaq notifying the Company that the Staff had determined that the closing price of the Company’s common stock was $1.00 or greater for the requisite period of time and that the Company had regained compliance with Listing Rule 5550(a)(2) and that the matter was now closed. The Company is now in full compliance with all continued listing standards of the Nasdaq Global Market.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit Number   Description
104   Cover Page Interactive Data File (Formatted in Inline XBRL)

 

1

 

 

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: September 16, 2025 By: /s/ Zongyi Lian
  Name:  Zongyi Lian
  Title:

President and Chief Executive officer

(Principal Executive Officer)

 

 

2

 

FAQ

What Nasdaq issues does Wetouch Technology Inc. (WETH) currently face?

Wetouch Technology Inc. faces a filing compliance issue with Nasdaq because it has not yet filed its Form 10-Qs for the quarters ended March 31, 2025 and June 30, 2025, which are required under Listing Rule 5250(c)(1).

Has Wetouch Technology Inc. (WETH) filed its 2024 Form 10-K?

Yes. Wetouch Technology Inc. filed its Form 10-K for the year ended December 31, 2024 on September 11, 2025 after previously receiving delinquency notices from Nasdaq related to that report.

What extension did Nasdaq grant Wetouch Technology Inc. (WETH) for its delinquent reports?

On September 15, 2025, Nasdaq granted Wetouch Technology Inc. an extension until October 13, 2025 to file its delinquent Form 10-Qs for the quarters ended March 31, 2025 and June 30, 2025.

Did Wetouch Technology Inc. (WETH) regain compliance with Nasdaq’s minimum bid price rule?

Yes. Nasdaq informed Wetouch Technology Inc. on September 15, 2025 that its common stock had closed at or above $1.00 per share for the required period and that the company had regained compliance with Listing Rule 5550(a)(2).

Is Wetouch Technology Inc. (WETH) currently in full compliance with Nasdaq listing standards?

Nasdaq notified Wetouch Technology Inc. that, after regaining compliance with the minimum bid price rule, the company is in full compliance with all continued listing standards of the Nasdaq Global Market, assuming it meets the extended deadline for its delinquent periodic reports.

Why did Wetouch Technology Inc. (WETH) receive Nasdaq delinquency notifications?

Wetouch Technology Inc. received delinquency notifications because it failed to timely file its Form 10-K for the year ended December 31, 2024 and its Form 10-Qs for the quarters ended March 31, 2025 and June 30, 2025 as required by Nasdaq Listing Rule 5250(c)(1).