Wetouch Technology, which makes medium to large sized projected capacitive touchscreens, filed on Monday with the SEC to raise up to $62 million. The company is currently listed on the OTCQB (WETH).
Wetouch, through its wholly-owned subsidiaries, is engaged in the research, development, manufacturing, sales, and servicing of medium to large sized projected capacitive touchscreens. The company specializes in large-format touchscreens, which are developed and designed for a wide variety of markets and used in the financial terminals, automotive, POS, gaming, lottery, medical, HMI, and other specialized industries. Wetouch sells its touchscreen products both domestically in China and internationally, covering areas including Taiwan, South Korea, and Germany.
The Sichuan, China-based company was founded in 1992 and booked $49 million in sales for the 12 months ended June 30, 2021. It plans to list on the Nasdaq under the symbol WETH. Craft Capital Management and R.F. Lafferty & Co. are the joint bookrunners on the deal. No pricing terms were disclosed.
