WETO$0.8065-9.36%
Wetour Robotics Ltd
Sector: Local & Suburban Transit & Interurban Hwy Passenger TransIndustry: Software - InfrastructureCountry: USExchange: Nasdaq
Mkt Cap:$869.3K
Float & O/S:504.8K / 1.08M
Inst Own:0.2%
DilutionScan read 39 of Wetour Robotics Ltd's SEC filings and found 1 warrant series, 2 ATM programs, 2 shelf registrations, 1 S-1 registration and 3 completed offerings on file for WETO. The latest dilution event on file is ATM sales on Aug 26, 2026. Analysis updated Oct 27, 2026.
Signal8 Summary
WETO
Going-concern warning, severe dilution, revenue shrinking
- Business
- WeakRevenue down 22.6%, losses exceed op income, going concern
- Stock risk
- HighTwo reverse splits, $719K cash, $97.7M shelf outstanding
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
- : 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.
- : 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.
- : 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.
- : 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.
- : 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.
- : 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.
- : Sold $2.29M of stock / 256K shares through its at-the-market program, as stated for Jul 6, 2026 to Aug 24, 2026.
- : 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.
- : Priced a private placement (PIPE) for $1.80M in gross proceeds (closing not yet reported in the filings reviewed).
- : Sold $14K of stock / 200 shares through its at-the-market program, as stated for May 15, 2026 to Jul 6, 2026.
