Wetour Robotics Raises $1.8M in Private Placement of 2M Shares

Wetour Robotics Limited has entered into securities purchase agreements for a private investment in public equity (PIPE) transaction. The company will issue and sell an aggregate of 2,000,000 ordinary shares at $0.90 per share, raising gross proceeds of $1.8 million. Notably, Chairman Zheng Jiahua purchased 500,000 of these shares for $450,000. The transaction is expected to close around August 27, 2026, subject to customary conditions.