---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-004945"
form_type: "8-K"
ticker: "CNET"
cik: "0001376321"
company_name: "ZW Data Action Technologies Inc."
filed_at: "2024-08-27T23:59:59+00:00"
generated_at: "2026-05-31T07:22:08.851495+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# ZW Data Action Technologies sells 358,424 shares at $0.75 each in private placement

## Summary
- Fryhigh Fintech Holdings purchased 358,424 common shares for $268,818 at $0.75/share.
- Shares are unregistered, relying on exemptions under Section 4(a)(2) and Regulation D/S.
- Purchaser agreed to a six-month lock-up on the shares from August 23, 2024.
- Closing occurred on a date mutually agreed; standard closing conditions apply.

## SEC filing metadata
- accession: 0001171843-24-004945
- form_type: 8-K
- ticker: CNET
- cik: 0001376321
- company_name: ZW Data Action Technologies Inc.
- filed_at: 2024-08-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 3.02, 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1376321/000117184324004945/0001171843-24-004945-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376321/000117184324004945/f8k_082724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-004945
- JSON: https://secwatch.observer/filing/0001171843-24-004945.json
- Plain text: https://secwatch.observer/filing/0001171843-24-004945.txt

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