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Wetour Robotics (WETO) launches ATM share sales agreement

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Wetour Robotics Limited entered into a sales agreement with Chaince Securities, LLC to sell its ordinary shares from time to time through an at the market offering on the Nasdaq Capital Market and other permitted trading venues.

Under the agreement, Chaince Securities will act as sales agent and/or principal, using commercially reasonable efforts consistent with its normal trading practices. The company will pay the sales agent a 3.0% commission on gross proceeds and reimburse reasonable documented expenses, with the remainder of the proceeds going to Wetour Robotics. Both parties may terminate the agreement by written notice, and the offering is registered under the company’s shelf registration statement on Form F-3, as supplemented by a May 15, 2026 prospectus supplement.

Positive

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Negative

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Sales agent commission 3.0% of gross proceeds Commission rate payable on ordinary share sales under the agreement
Registration statement Form F-3 No. 333-294373 Shelf registration covering the at the market offering
Prospectus supplement date May 15, 2026 Date of prospectus supplement for the ATM program
at the market offering financial
"to issue and sell Company’s ordinary shares... through an at the market offering"
An at-the-market offering is a way a company raises cash by selling newly issued shares directly into the open market at prevailing prices, rather than all at once in a single deal. Think of it like turning a faucet on to drip shares into trading at current prices when needed; it gives the company flexibility to raise funds over time but can dilute existing shareholders and potentially affect the stock price, which investors should monitor.
shelf registration statement regulatory
"The offering has been registered... pursuant to the Company’s shelf registration statement"
A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.
prospectus supplement regulatory
"as supplemented by the prospectus supplement dated May 15, 2026"
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.
indemnification and contribution financial
"contains customary representations and warranties... and indemnification and contribution provisions"
gross proceeds financial
"commission... shall be equal to 3.0% of the gross proceeds of such sales"
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.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of May 2026

 

Commission File Number: 001-42536

 

Wetour Robotics Limited

(Translation of registrant’s name into English)

 

Room 7003

3300 N Interstate 35 Ste 700

Austin, TX 78705

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

Entry into Sales Agreement 

 

On May 15, 2026, Wetour Robotics Limited (the “Company”) entered into a certain sales agreement (the “Sales Agreement”) with Chaince Securities, LLC (the “Sales Agent”) to issue and sell Company’s ordinary shares, par value US$0.0001 per share (the “Ordinary Shares”), from time to time, through an at the market offering under which the Sales Agent will act as sales agent and/or principal.

 

Subject to the terms and conditions of the Sales Agreement, the Sales Agent has agreed to use its commercially reasonable efforts, consistent with its normal sales and trading practices to place the Ordinary Shares, subject to, and in accordance with the information specified in a written notice from the Company, unless the sale of the Ordinary Shares described therein has been suspended, cancelled or otherwise terminated.

 

The Sales Agent’s obligation to sell Ordinary Shares under the Sales Agreement is subject to satisfaction of certain conditions, and other customary closing conditions. The sales under the Sales Agreement will be made by any method permitted by law deemed to be an “at the market offering” as defined in Rule 415 under the Securities Act of 1933, including, without limitation, sales made directly on the Nasdaq Capital Market, on any other existing trading market for the Ordinary Shares or to or through a market maker.

 

The Sales Agreement provides that the commission payable to the Sales Agent for sales of Ordinary Shares with respect to which the Sales Agent acts as sales agent shall be equal to 3.0% of the gross proceeds of such sales. In addition, we will reimburse the Sales Agent for its reasonable, documented out-of-pocket expenses, including legal fees, in accordance with the terms of the Sales Agreement. The remaining sales proceeds, after deducting any such amounts and any transaction fees imposed by any governmental, regulatory or self-regulatory organization, will equal our net proceeds.

 

The Sales Agreement contains customary representations and warranties of the parties and indemnification and contribution provisions under which the Company and the Sales Agent have agreed to indemnify each other against certain liabilities, including liabilities under the Securities Act. The Sales Agent and the Company have the right, by giving written notice as specified in the Sales Agreement, to terminate the Sales Agreement.

 

The offering has been registered under the Securities Act pursuant to the Company’s shelf registration statement on Form F-3 (Registration No. 333-294373), as supplemented by the prospectus supplement dated May 15, 2026.

 

A copy of the Sales Agreement is attached as Exhibit 1.1 hereto and is incorporated herein by reference. The foregoing description of the Sales Agreement does not purport to be complete and is qualified in its entirety by reference to such exhibit.

 

A copy of the opinion and consent of Ogier (Cayman) LLP relating to the validity of the securities to be issued in accordance with the Sales Agreement is filed herewith as Exhibit 5.1.

 

This Report shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Ordinary Shares 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.

 

EXHIBITS

 

Exhibit
No.
  Description
1.1   Sales Agreement, dated May 15, 2026, by and between Wetour Robotics Limited and Chaince Securities, LLC.
5.1   Opinion of Ogier (Cayman) LLP.
23.1   Consent of Ogier (Cayman) LLP (included in Exhibit 5.1).

 

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, thereunto duly authorized.

 

  Wetour Robotics Limited
     
  By: /s/ Nan Zheng
  Name:  Nan Zheng
  Title: Chief Executive Officer

 

Date: May 15, 2026

 

2

 

FAQ

What did Wetour Robotics (WETO) announce in this Form 6-K?

Wetour Robotics entered a sales agreement with Chaince Securities to sell ordinary shares through an at the market offering. Chaince acts as sales agent or principal, placing shares on Nasdaq or other markets under a registered shelf program.

How will the Wetour Robotics (WETO) at the market offering work?

Wetour Robotics may sell ordinary shares from time to time through Chaince Securities in transactions deemed an at the market offering. Sales can occur on the Nasdaq Capital Market, other trading markets, or through market makers, subject to written instructions from the company.

What fees will Wetour Robotics (WETO) pay Chaince Securities?

Wetour Robotics will pay Chaince Securities a commission equal to 3.0% of the gross proceeds from each share sale. The company will also reimburse reasonable documented out-of-pocket expenses, including legal fees, resulting in the remaining proceeds accruing to Wetour Robotics.

Is the Wetour Robotics (WETO) share offering registered with the SEC?

Yes. The at the market share offering is registered under Wetour Robotics’ shelf registration statement on Form F-3, Registration No. 333-294373, as supplemented by a prospectus supplement dated May 15, 2026 under the Securities Act of 1933.

Can Wetour Robotics (WETO) or Chaince end the sales agreement?

Yes. Both Wetour Robotics and Chaince Securities have the right to terminate the sales agreement by giving written notice as specified. The agreement also includes customary conditions, representations, warranties, and indemnification provisions for both parties.

What is the role of Ogier (Cayman) LLP in the WETO filing?

Ogier (Cayman) LLP provided an opinion and consent regarding the validity of the securities issued under the sales agreement. Their legal opinion is filed as Exhibit 5.1, with the related consent included as Exhibit 23.1 in the same submission.

Filing Exhibits & Attachments

2 documents