Wetour Robotics (NASDAQ: WETO) stops $50M stock sale program
Rhea-AI Filing Summary
Wetour Robotics Limited (WETO) reports that on August 19, 2026 it suspended sales of its ordinary shares under its “at-the-market” Sales Agreement with Chaince Securities, LLC and gave notice to terminate that agreement, with termination becoming effective 5 calendar days after August 19, 2026 in accordance with the contract terms.
Under the July 6, 2026 prospectus supplement for the Sales Agreement, the company had capacity to offer up to $50,000,000 of ordinary shares and has, since that filing, offered and sold 25,606,595 ordinary shares for gross proceeds of approximately $2,290,279. The report is also incorporated by reference into Wetour Robotics’ existing Form S-8 and Form F-3 registration statements.
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Key Figures
ATM offering capacity: $50,000,000
Shares sold under Sales Agreement: 25,606,595 ordinary shares
Gross proceeds from ATM sales: $2,290,279
+3 more
6 metrics
ATM offering capacity
$50,000,000
Maximum amount of ordinary shares under the July 6, 2026 prospectus supplement
Shares sold under Sales Agreement
25,606,595 ordinary shares
Offered and sold since filing of the July 6, 2026 prospectus supplement
Gross proceeds from ATM sales
$2,290,279
Approximate gross proceeds from shares sold under the Sales Agreement
Termination notice effective period
5 calendar days
Termination of the Sales Agreement effective 5 days after August 19, 2026
Sales Agreement date
May 15, 2026
Original date of the Sales Agreement with Chaince Securities, LLC
Amendment No.1 date
July 6, 2026
Date of Amendment No.1 to the Sales Agreement
Key Terms
Sales Agreement, prospectus supplement, gross proceeds, incorporated by reference
4 terms
Sales Agreement financial
"pursuant to that certain Sales Agreement dated May 15, 2026"
A sales agreement is a written contract that sets out the terms for selling goods, services, or assets, specifying price, delivery, payment schedule and responsibilities of each side. For investors it matters because it creates a predictable stream of revenue or cash obligations, clarifies timing and risk, and can change a company’s value or forecasts much like a signed order turns a customer’s verbal intent into a firm commitment.
prospectus supplement regulatory
"Since filing of the July 6, 2026 prospectus supplement for up to $50,000,000"
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.
gross proceeds financial
"sold 25,606,595 Ordinary Shares for gross proceeds of approximately $2,290,279"
The total amount of cash a company receives from a financing event or sale before any fees, expenses, taxes or deductions are taken out. Investors watch gross proceeds because it shows the raw scale of new capital being raised—think of it as the paycheck amount before withholdings—which helps assess how much funding is available for operations, growth, debt payoff or how much shareholder dilution might occur once costs are removed.
incorporated by reference regulatory
"shall be deemed to be incorporated by reference into the registration statements"
FAQ
What action did Wetour Robotics (WETO) take regarding its Sales Agreement with Chaince Securities?
Wetour Robotics suspended sales of its ordinary shares under the Sales Agreement with Chaince Securities, LLC on August 19, 2026 and provided notice to terminate the agreement, with termination effective 5 calendar days after August 19, 2026, as permitted by the agreement.
What were the gross proceeds Wetour Robotics (WETO) received from ATM sales under the Sales Agreement?
Wetour Robotics reports gross proceeds of approximately $2,290,279 from the sale of 25,606,595 ordinary shares pursuant to the Sales Agreement and the July 6, 2026 prospectus supplement.
What was the maximum offering capacity under Wetour Robotics’ July 6, 2026 prospectus supplement?
The July 6, 2026 prospectus supplement covered an at-the-market offering of up to $50,000,000 of Wetour Robotics’ ordinary shares under the Sales Agreement with Chaince Securities, LLC.
Into which registration statements is this Wetour Robotics (WETO) 6-K incorporated by reference?
This report is incorporated by reference into Wetour Robotics’ Form S-8 (File No. 333-291960) and Form F-3 (File Nos. 333-294373 and 333-295457) registration statements, including any prospectuses that form part of those statements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
