{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-23-000357","form_type":"8-K","ticker":"CNET","cik":"0001376321","company_name":"ZW Data Action Technologies Inc.","filed_at":"2023-01-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.676787+00:00","generated_at":"2026-06-20T12:19:07.952578+00:00","sec_items":["3.03","5.03","9.01"],"event_type":"other","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"ZW Data enacts 1-for-5 reverse stock split to regain Nasdaq compliance","bullets":["Reverse stock split at ratio 1-for-5 effective January 18, 2023; trading on split-adjusted basis begins January 20.","Authorized shares reduced from 100M to 20M; issued and outstanding shares decreased proportionally.","Fractional shares rounded up to nearest whole share; no cash consideration paid.","Split aimed at achieving $1.00 minimum bid price for continued Nasdaq listing.","Stockholders holding shares in electronic form need not take any action; paper certificates may be exchanged."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-23-000357","json":"https://secwatch.observer/filing/0001171843-23-000357.json","markdown":"https://secwatch.observer/filing/0001171843-23-000357.md","text":"https://secwatch.observer/filing/0001171843-23-000357.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1376321/000117184323000357/0001171843-23-000357-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1376321/000117184323000357/f8k_012023.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T12:19:07.952578+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f1eb142564b75684dfe52a687bc0d56ee136f37c","claim":"ZW Data Action Technologies Inc.: Approved a 1-for-5 reverse stock split of Common Stock, reducing authorized shares from 100,000,000 to 20,000,000, effective January 18, 2023 (effective 2023-01-18).","evidence_excerpt":"The Reverse Stock Split became effective on January 18, 2023 (the “Effective Date”), and the shares of Common Stock began trading on the split-adjusted basis on the Nasdaq under the Company’s existing trading symbol “CNET” at market open on January 20, 2023.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1376321/000117184323000357/0001171843-23-000357-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-01-18"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}