---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-005380"
form_type: "8-K"
ticker: "CNET"
cik: "0001376321"
company_name: "ZW Data Action Technologies Inc."
filed_at: "2024-09-27T23:59:59+00:00"
generated_at: "2026-05-31T01:06:14.281361+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# ZW Data Action raises $269k in related-party private placement at $0.75/share

## Summary
- Sold 358,424 shares at $0.75 each to Marvel Investment Limited for aggregate $268,818.
- Purchaser is controlled by director George Kai Chu, making the sale a related-party transaction.
- Shares are unregistered, sold under exemptions per Section 4(a)(2) and Regulation D/S.
- Purchaser agreed to a six-month lock-up prohibiting transfer of the shares.
- Closing is subject to mutual agreement; no specific date set.

## SEC filing metadata
- accession: 0001171843-24-005380
- form_type: 8-K
- ticker: CNET
- cik: 0001376321
- company_name: ZW Data Action Technologies Inc.
- filed_at: 2024-09-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 3.02, 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1376321/000117184324005380/0001171843-24-005380-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376321/000117184324005380/f8k_092724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-005380
- JSON: https://secwatch.observer/filing/0001171843-24-005380.json
- Plain text: https://secwatch.observer/filing/0001171843-24-005380.txt

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