ZW Data Action Technologies announces 1-for-4 reverse stock split to regain Nasdaq compliance

ZW Data Action Technologies Inc.

Board approved 1-for-4 reverse stock split; effective September 30, 2024.
Authorized shares reduced from 50M to 12.5M; no shareholder vote required under Nevada law.
Split aims to meet Nasdaq's $1.00 minimum bid price requirement for continued listing.
No fractional shares; rounding up to nearest whole share; no cash in lieu.
Trading symbol remains CNET; new CUSIP 98880R 307.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.