Wetour Robotics Ltd

Snapshot

Wetour is a tiny, shrinking robotics and travel-tech company: FY 2024 revenue was $5.3M, down 22.6% from the prior year, with a $2.0M operating loss and $8.8M burned in free cash flow.

What's Happening Right Now

• Thu 22nd Oct '26 · ATM pause: On Oct 15, 2026, Wetour voluntarily paused further share sales under its at-the-market program, citing evaluation of market conditions and capital needs; the agreement stays in place, so the pause is temporary and does not remove the dilution overhang.
• Thu 1st Oct '26 · Auditor change: Effective Sep 30, 2026, Wetour dismissed Marcum Asia and appointed Edston Global PAC as auditor; the filing reiterates previously disclosed material weaknesses in U.S. GAAP reporting and IT controls.
• Thu 17th Sep '26 · New subsidiary: On Sep 17, 2026, Wetour launched Vantrapower LLC, a Texas-based subsidiary targeting transformer and power infrastructure for data centers and energy projects, with no financial terms, contracts, or revenue disclosed.
• Fri 4th Sep '26 · Reverse split: Wetour's 1-for-100 share consolidation took effect with Nasdaq on Aug 3, 2026, the maximum ratio shareholders had authorized, a step typically tied to bid-price compliance pressure.
• Wed 26th Aug '26 · Going concern / ATM: An Aug 26, 2026 prospectus supplement set up a $75M at-the-market program roughly equal to the company's entire public float; the filing disclosed a going-concern warning from auditors and cash of just $104,030 at Dec 31, 2025.
• Tue 25th Aug '26 · Authorized shares: Shareholders approved the 100:1 consolidation on Aug 24, 2026 and also voted to expand authorized share capital from 10 million to 2 trillion post-split shares, opening the door to large future issuance.
• Mon 24th Aug '26 · ATM sale: Sold $2.29M of stock / 256K shares through its at-the-market program, as stated for Jul 6, 2026 to Aug 24, 2026.
• Wed 12th Aug '26 · Private placement: On Aug 11, 2026, Wetour agreed to issue 2,000,000 shares at $0.90 for $1.8 million, with Chairman Zheng Jiahua personally buying a quarter of the deal; the new shares represent about 65% of the post-closing share count.
• Tue 11th Aug '26 · Offering: Priced a private placement (PIPE) for $1.80M in gross proceeds (closing not yet reported in the filings reviewed).
• Mon 6th Jul '26 · ATM sale: Sold $14K of stock / 200 shares through its at-the-market program, as stated for May 15, 2026 to Jul 6, 2026.