NEW YORK, July 31, 2026, 15:18 EDT
- At 3:02 p.m. EDT, shares were at $0.0736, a rise of 145.3%. Trading volume totaled 1.38 billion shares.
- The 1-for-100 reverse split on Monday suggests a reference price of $7.36 and results in roughly 1.08 million shares outstanding.
- Shareholders will vote on Tuesday on a proposal for 2 trillion authorized shares and a Class B stock with 100 votes per share.
Shares of Wetour Robotics Limited NASDAQ:WETO jumped 145.3% to $0.0736 on Friday as Nasdaq trading continued. By 3:02 p.m. EDT, trading volume totaled 1.38 billion shares.
The trading volume reached 12.8 times the number of shares the company has issued. However, the stock closed 55.8% lower than its high for the session.
The surge in price is merely a visible effect. The 1-for-100 share consolidation on Monday changes the share price display but leaves the company’s underlying value unchanged. Tuesday’s shareholder decision has the potential to alter dilution limits and voting power.
Friday market wrap
| Metric | Friday reading | Comparison |
|---|---|---|
| Share price | $0.0736 | Increase of 145.3% from $0.030 close |
| Opening price | $0.1043 | Current value is 29.4% lower |
| Intraday range | $0.0304-$0.1665 | Current price is 55.8% under day’s peak |
| Trading volume | 1.377 billion | 12.8 times the amount of issued shares |
| Issued shares | 107.783 million | As reported by company on July 29 |
| Calculated equity value | $7.93 million | Derived by multiplying price and issued shares |
High turnover does not indicate distinct investors, as identical shares may be exchanged multiple times. Nonetheless, close to 13 turnovers of the issued base signals notable event-driven trading activity.
The consolidation merges every 100 shares into a single share. At the price on Friday, the technical reference figure is $7.36. The estimated equity value is still approximately $7.93 million prior to any market fluctuations.
Monday’s division in numbers
| Measure | Before consolidation | After consolidation |
|---|---|---|
| Issued shares | 107,783,305 | Approximately 1,077,834 |
| Reference price | $0.0736 | $7.36 |
| Calculated equity value | $7.93 million | $7.93 million |
| Authorized shares | 1 billion | 10 million |
| Share par value | $0.0001 | $0.01 |
The following day’s vote is more substantial. The board is seeking approval to authorize 2 trillion shares, compared to 10 million following Monday’s split. This marks a 200,000 times increase.
Based on the projected post-split total, the maximum is roughly 1.86 million authorized shares for each issued share. Authorization does not mean shares are issued. It enables capacity, rather than causing instant dilution.
Tuesday’s capital and voting proposals
| Measure | Post-split starting point | Proposed outcome |
|---|---|---|
| Total authorized shares | 10 million | 2 trillion |
| Authorized-to-issued ratio | 9.3 times | Roughly 1.86 million times |
| Class A authorization | No separate class | 1.8 trillion shares |
| Class A voting power | One vote per ordinary share | One vote per share |
| Class B authorization | No separate class | 200 billion shares |
| Class B voting power | Not applicable | 100 votes per share |
| Further consolidation authority | Existing split completes Monday | Cumulative limit of up to 250-for-1 split over two years |
Under the dual-class structure, two insider-associated entities will be given Class B shares. These firms are overseen by Chairman Zheng Jiahua and CEO Nan Zheng. The board is backing all proposals.
The capital base has shifted rapidly. The number of outstanding shares reported climbed from 82.08 million on July 6 to 107.78 million on July 29, marking a 31.3% jump. Filings do not specify a single factor behind the entire increase.
A prospectus dated July 6 included the registration of as much as $50 million more in at-the-market offerings. This amount is 6.3 times the equity value computed on Friday.
Scale of capital and operations
| Metric | Disclosed or calculated value | Comparison |
|---|---|---|
| Outstanding shares, July 6 | 82.08 million | Initial figure |
| Outstanding shares, July 29 | 107.78 million | 31.3% increase |
| Additional ATM capacity | Up to $50 million | 6.3 times present equity value |
| Six-month revenue | $1.368 million | Declined 45.0% |
| Six-month net loss | $1.635 million | 119.5% of revenue |
| Cash at December 31 | $104,030 | Represents 1.3% of current equity value |
| Six-month R&D expense | $25,187 | 1.8% of revenue |
The most recent revenue was generated mainly from travel and bus operations. Revenue for the six months declined to $1.37 million. The company reported a loss of $1.63 million and cash holdings of $104,030 as of December 31. Research and development expenses amounted to $25,187.
Recent deals underpin the robotics business. Wetour disclosed on July 22 that it had secured $500,000 in committed fees. Total possible fees may total $20 million for 20 warehouse locations. CEO Nan Zheng described it as a “repeatable site-level commercial model.” Nasdaq
The bulk of that amount is subject to certain conditions. At the time of the announcement, the $500,000 had not been received as cash or recognized as revenue. Expansions to more locations need new approvals, and both parties hold the right to end incomplete activities with five days’ notice.
On July 27, Wetour released a preliminary, unaudited project-level gross-profit estimate of $5 million. At that point, an implementation-partner agreement had not yet been finalized. The projection was based on the assumption that all planned sites would be authorized, completed, accepted, and paid in full.
Nasdaq ended its previous minimum-bid deficiency on June 23. The stock price held above $1 for ten straight sessions. On Friday, the share price dipped under $1 once more, but a single session below that threshold does not constitute a new deficiency.
Two scheduled events are set for the coming week. Trading after the split begins Monday, August 3. The extraordinary meeting is set for Tuesday at 9:00 a.m. EDT. Submit online proxy instructions by Sunday at 11:59 p.m. EDT.
Risks: Volatility in turnover and pricing remains high. The $20 million arrangement is largely based on contingencies, and the $5 million figure is an early estimate. Additional issuances or a 100-vote Class B share could reduce external investors’ voting or financial power.
