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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):
August 21, 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.
On August 21, 2025, Wetouch
Technology Inc., a Nevada corporation (the “Company” or “Wetouch”), received a notice (the “Notice”)
from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) indicating that because the Company had
not yet filed its Form 10-Q for the period ended June 30, 2025 (the “2nd Form 10-Q”), the Company was not in compliance
with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) requiring Nasdaq-listed companies to timely file all periodic financial
reports with the Securities and Exchange Commission (the “SEC”).
Previously, Staff had
granted the Company an exception until October 13, 2025 to file its delinquent Form 10-K for the year ended December 31, 2024 (the “Initial
Delinquent Filing”) Form 10-Q for the period ended March 31, 2025 (the “First Form 10-Q”). As a result, any additional
Staff exception to allow the Company to regain compliance, including deficiency related to this Notice, with all delinquent filings, will
be limited to a maximum of 180 calendar days from the due date of the Initial Delinquent Filing, or October 13, 2025.
As a result of this additional
delinquency, Nasdaq also requires that the Company submit an update to its original plan to regain compliance with respect to the filing
requirement, which original plan was submitted to Nasdaq on June 18, 2025 (the “Original Plan”), The Company intends to submit
an update to the Original Plan as soon as practicable (the “Updated Plan”).
If Nasdaq does not accept
the Company’s Updated Plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel. The Notice
has no immediate effect on the listing or trading of the Company’s common stock on Nasdaq.
The Company is working
diligently to complete its Form 10-K, the First Form 10-Q, the 2nd Form 10-Q and plans to file them as promptly as practicable
to regain compliance with the Listing Rule.
Item 7.01 Regulation
FD Disclosure.
The information contained
in Item 3.01 of this Current Report on Form 8-K is incorporated herein by reference.
On August 26, 2025, the
Company issued a press release in accordance with Nasdaq Listing Rule 5810(b) announcing that the Company had received the Notice. A copy
of the press release is attached hereto as Exhibit 99.1.
In accordance with General
Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1, which is incorporated into this
Item 7.01, is being furnished pursuant to Item 7.01 and shall not be deemed “filed” for the purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section,
nor shall it be deemed incorporated by reference in any filing under the Exchange Act, as amended, or the Securities Act of 1933, as amended,
except as shall be expressly set forth by specific reference in such a filing.
Forward-Looking Statements
This filing contains forward-looking statements
within the meaning of Section 21E of the Securities Exchange Act of 1934 and as defined in the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by terminology such as “will”, “expects”, “anticipates”,
“future”, “intends”, “plans”, “believes”, “estimates”, “target”,
“going forward”, “outlook,” “objective” and similar terms. These forward-looking statements include,
but are not limited to, the expected filing of its Form 10-K and Form 10-Q and ability to regain compliance under the Nasdaq listing rule.
Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events
that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and which are beyond Wetouch’s
control, which may cause Wetouch’s actual results, performance or achievements (including the RMB/USD value of its anticipated benefit
to Wetouch as described herein) to differ materially and in an adverse manner from anticipated results contained or implied in the forward-looking
statements. For example, there can be no assurance that the Company will regain compliance with the Listing Rule during any compliance
period or in the future, or otherwise meet Nasdaq compliance standards. Further information regarding these and other risks, uncertainties
or factors is included in Wetouch’s filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov.
Wetouch does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise,
except as required under law.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number |
|
Description |
| 99.1 |
|
Press Release dated August 26, 2025 entitled, “Wetouch Announces Receipt of Nasdaq Notification of Non-Compliance Regarding Delayed Form 10-Q Filing for the period ended June 30, 2025” |
| 104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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: August 26, 2025 |
By: |
/s/ Zongyi Lian |
| |
Name: |
Zongyi Lian |
| |
Title: |
President and Chief Executive officer |
| |
|
(Principal Executive Officer) |
