---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-006670"
form_type: "8-K"
ticker: "CNET"
cik: "0001376321"
company_name: "ZW Data Action Technologies Inc."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-08T23:44:11.162129+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# ZW Data Action Technologies receives Nasdaq deficiency notice for bid price below $1

## Summary
- Received Nasdaq deficiency letter on Nov 1, 2023 for bid price closing below $1 for 30 consecutive business days.
- Has 180 calendar days (until April 29, 2024) to regain compliance with Minimum Bid Price Requirement.
- If compliance not achieved, may be eligible for a second 180-day period if meeting other listing standards and intent to cure via reverse stock split.
- Company will monitor and evaluate options but cannot assure compliance with Nasdaq listing standards.

## SEC filing metadata
- accession: 0001171843-23-006670
- form_type: 8-K
- ticker: CNET
- cik: 0001376321
- company_name: ZW Data Action Technologies Inc.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1376321/000117184323006670/0001171843-23-006670-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376321/000117184323006670/f8k_110223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-006670
- JSON: https://secwatch.observer/filing/0001171843-23-006670.json
- Plain text: https://secwatch.observer/filing/0001171843-23-006670.txt

## Key facts
- Listing & Compliance Notices
  ZW Data Action Technologies Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2)
  source text: November 1, 2023, ZW Data Action Technologies Inc., a Nevada corporation (the “Company”) received a notice in the form of a letter (“Deficiency Letter”) from the Nasdaq Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2) because the bid price for the Company’s common stock had closed below $1.00 per share for the previous 30 consecutive business days (the “Minimum Bid Price Requirement”). The Nasdaq Deficiency Letter has no immediate effect on the listing of the Company’s co
  evidence_url: https://www.sec.gov/Archives/edgar/data/1376321/000117184323006670/0001171843-23-006670-index.htm

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