UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
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Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
On July 15, 2025, WETOUCH TECHNOLOGY INC. (the “Company”), received a letter (the “Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that for the last 30 consecutive business days prior to the date of the Notice, the closing bid price of the Company’s securities (the “Bid Price”) was less than $1.00 per share, which does not meet the requirement for continued listing on The Nasdaq Global Market, as required by Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Staff has provided the Company with 180 calendar days, or until January 12, 2026, to regain compliance with the Bid Price Rule. The Notice has no immediate effect on the listing of the Company’s securities on The Nasdaq Global Market.
If the Company regains compliance with the Bid Price Rule, the Staff will provide written confirmation to the Company and close the matter. To regain compliance with the Bid Price Rule, the Bid Price must be at least $1 for a minimum of ten consecutive business days during the 180-day compliance period ending on January 12, 2026. In the event the Company does not regain compliance with the Bid Price Rule prior to the expiration of the compliance period, it may be entitled to additional time provided certain requirements are satisfied. If the Company does not meet the requirements or the staff determines that the Company will be unable to cure the deficiency, it will receive written notification that its securities are subject to delisting. At that time, the Company may appeal the delisting determination to a Hearings Panel.
The Company will continue to monitor the Bid Price of its securities and consider its available options to regain compliance with the Bid Price Rule. However, there can be no assurance that the Company will be able to regain compliance with the Bid Price Rule.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit Number |
Description | |
| 104 | Cover Page Interactive Data File (Formatted in Inline XBRL) |
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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: July 17, 2025 | By: | /s/ Zongyi Lian |
| Name: | Zongyi Lian | |
| Title: |
President and Chief Executive officer (Principal Executive Officer) | |
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