---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-000298"
form_type: "8-K"
ticker: "CNET"
cik: "0001376321"
company_name: "ZW Data Action Technologies Inc."
filed_at: "2023-01-17T23:59:59+00:00"
generated_at: "2026-06-20T14:36:17.377409+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# ZW Data Action Technologies announces 1-for-5 reverse stock split to regain Nasdaq compliance

## Summary
- Board approved 1-for-5 reverse stock split of common stock, effective January 18, 2023.
- Split-adjusted trading begins January 20, 2023 under symbol CNET (new CUSIP 98880R 208).
- Authorized shares reduced from 100M to 20M; no fractional shares issued, rounding up.
- Purpose: to regain compliance with Nasdaq $1.00 minimum bid price requirement.
- Stockholders need not take action; brokerage accounts automatically adjusted.

## SEC filing metadata
- accession: 0001171843-23-000298
- form_type: 8-K
- ticker: CNET
- cik: 0001376321
- company_name: ZW Data Action Technologies Inc.
- filed_at: 2023-01-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1376321/000117184323000298/0001171843-23-000298-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376321/000117184323000298/f8k_011723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-000298
- JSON: https://secwatch.observer/filing/0001171843-23-000298.json
- Plain text: https://secwatch.observer/filing/0001171843-23-000298.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.