secwatch.observer — SEC 8-K summary
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Issuer:     ZW Data Action Technologies Inc. (CNET)
CIK:        0001376321
Form:       8-K
Filed at:   2024-09-27T23:59:59+00:00
Accession:  0001171843-24-005380
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 3.02, 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376321/000117184324005380/0001171843-24-005380-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376321/000117184324005380/f8k_092724.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-005380

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer