WeTour Robotics Limited (NASDAQ: WETO), a physical AI infrastructure and wearable robotics company, established a $50 million at-the-market (ATM) equity offering program pursuant to a Sales Agreement with Chaince Securities, LLC, which will serve as the Company’s exclusive sales agent.
Under the program, WeTour Robotics may offer and sell ordinary shares from time to time through at-the-market transactions on the Nasdaq Capital Market, with the timing and amount of any sales determined at the Company’s discretion. The Company expects to use the net proceeds from the ATM program for general corporate purposes and working capital.
Lucosky Brookman LLP served as legal counsel to Chaince Securities, LLC, the exclusive sales agent, in connection with the establishment of the $50 million at-the-market offering program.
