Wetouch Technology Inc (WETH): Cash on hand As of June 30, 2021 $ 52,59...

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abrooklyn

Re: None

Monday, 11/08/2021 1:08:48 PM

Monday, November 08, 2021 1:08:48 PM

Cash on hand As of June 30, 2021 $ 52,594,357

https://www.otcmarkets.com/filing/conv_pdf?id=15149095&guid=eRtwknSGDNG9dth

Not sure why they needed the spare change?

https://www.otcmarkets.com/filing/html?id=15333612&guid=ut8wkKyjFyTWdth

Item 1.01 Entry into a Material Definitive Agreement. Convertible Note

On November 3, 2021, Wetouch Technology Inc., a Nevada corporation (the “Company”), entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Talos Victory Fund, LLC, a Delaware limited liability company (the “Lender”), dated as of October 27, 2021, pursuant to which the Company issued the Lender a convertible promissory note in the principal amount of $250,000 (the “Note”) and a three-year warrant (the “Warrant”) to purchase an aggregate of 200,000 shares of the Company’s common stock (the “Warrant Shares”). The Company received $225,000 gross proceeds from the issuance of the Note as a result of the original discount rate on the note.