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Wetouch Technology Inc. (NASDAQ:WETH) (the "Company"), a manufacturer and supplier of large-format touchscreens, today announced that on August 21, 2025, it received a written notice from the Listing Qualifications Staff of The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it has not yet filed its Quarterly Report on Form 10-Q for the period ended June 30, 2025 with the U.S. Securities and Exchange Commission (the "SEC").
This delinquency is in addition to the Company's previously disclosed delay in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and its Quarterly Report on Form 10-Q for the period ended March 31, 2025 (collectively, the "Delinquent Reports").
Nasdaq previously granted the Company an exception until October 13, 2025 to file the Delinquent Reports. Under Nasdaq's rules, any additional exception to allow the Company to regain compliance with all periodic filing requirements is limited to a maximum of 180 calendar days from the due date of the Initial Delinquent Filing, which is October 13, 2025.
The Company has been requested to submit an updated plan of compliance to Nasdaq by September 5, 2025, which will address its plans to file the June 30, 2025 Form 10-Q and provide an update on its progress toward completing the Delinquent Reports.
The Nasdaq notification has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Capital Market.
The Company is working diligently with its auditors and advisors to complete and file the Delinquent Reports as soon as practicable in order to regain compliance with Nasdaq's continued listing requirements.
Posted In: WETH
