Wetour Robotics (WETO) halts stock sales after $2.3M raise
Rhea-AI Filing Summary
Wetour Robotics Ltd (WETO) reports the termination of its existing at-the-market equity offering program conducted under a Form F-3 shelf registration and related prospectus supplements. The prior July 6, 2026 supplement covered offerings of Ordinary Shares of up to $50,000,000 under an At Market Sales Agreement with Chaince Securities, LLC.
Wetour Robotics states that since the July 6, 2026 prospectus supplement, it has offered and sold 25,606,595 Ordinary Shares for gross proceeds of approximately $2,290,279 pursuant to that Sales Agreement. On August 19, 2026, the company suspended sales, gave notice terminating the Sales Agreement and the related at-the-market offering, and is also terminating the related prospectuses, with these terminations becoming effective 5 calendar days after August 19, 2026.
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Key Figures
ATM program capacity: $50,000,000 of Ordinary Shares
Shares sold under ATM: 25,606,595 Ordinary Shares
Gross proceeds from ATM sales: $2,290,279
+2 more
5 metrics
ATM program capacity
$50,000,000 of Ordinary Shares
Maximum amount covered by the July 6, 2026 prospectus supplement
Shares sold under ATM
25,606,595 Ordinary Shares
Offered and sold since the July 6, 2026 prospectus supplement
Gross proceeds from ATM sales
$2,290,279
Proceeds from 25,606,595 Ordinary Shares sold under the Sales Agreement
Termination notice date
August 19, 2026
Date Wetour Robotics suspended sales and notified the sales agent of termination
Termination effective period
5 calendar days after August 19, 2026
Effective timing for termination of the Sales Agreement and related prospectuses
Key Terms
At Market Sales Agreement, at-the-market offering, prospectus supplement, Form F-3
4 terms
At Market Sales Agreement financial
"pursuant to the terms of that certain At Market Sales Agreement dated May 15, 2026"
at-the-market offering financial
"terminating the Sales Agreement and the “at-the-market” offering to which it relates"
An at-the-market offering is a method companies use to sell new shares of stock directly into the open market over time, rather than all at once. This allows them to raise money gradually, similar to selling small pieces of a product instead of a large batch. For investors, it means the company can access funding more flexibly, but it may also increase the supply of shares and influence the stock’s price.
prospectus supplement regulatory
"This prospectus supplement is not complete without, and may only be delivered"
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
Form F-3 regulatory
"registration statement on Form F-3 (File No. 333-294373)"
Form F-3 is a U.S. securities filing that lets eligible foreign companies pre-register and then quickly sell shares or other securities to raise money, because they already meet ongoing reporting and size tests. For investors it signals that the company is up-to-date with regulatory disclosure and has an efficient way to issue new securities — similar to a pre-approved credit line — which can mean faster capital raises but also potential dilution of existing holdings.
Offering Details
ATM
Offering
Offering Type
ATM
FAQ
What is Wetour Robotics (WETO) disclosing in this 424B5 prospectus supplement?
Wetour Robotics is disclosing that it has suspended sales under its at-the-market equity offering, is terminating the At Market Sales Agreement with Chaince Securities, LLC, and is terminating the related prospectuses, with termination effective 5 calendar days after August 19, 2026.
How much did Wetour Robotics (WETO) raise under the at-the-market program?
Since the July 6, 2026 prospectus supplement, Wetour Robotics sold 25,606,595 Ordinary Shares for gross proceeds of approximately $2,290,279 under the At Market Sales Agreement with Chaince Securities, LLC.
What was the maximum size of Wetour Robotics’ (WETO) at-the-market offering?
The July 6, 2026 prospectus supplement related to an at-the-market offering of Wetour Robotics’ Ordinary Shares for up to $50,000,000, conducted from time to time under a Form F-3 shelf registration and an At Market Sales Agreement with Chaince Securities, LLC.
When does the termination of Wetour Robotics’ (WETO) At Market Sales Agreement become effective?
Wetour Robotics states that termination of the At Market Sales Agreement and the related at-the-market offering, as well as termination of the related prospectuses, will be effective 5 calendar days after August 19, 2026, in accordance with the Sales Agreement.
Who acted as sales agent for Wetour Robotics’ (WETO) at-the-market offering?
Chaince Securities, LLC served as the sales agent for Wetour Robotics’ at-the-market offering pursuant to the At Market Sales Agreement dated May 15, 2026, as amended July 6, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
