other material
confidence high
sentiment neutral
materiality 0.50
ZW Data Action raises $500,220 via two private placements of common stock at $2.10/share
ZW Data Action Technologies Inc.
- Entered Securities Purchase Agreements on Jan 2 and Jan 3, 2025, each selling 119,100 shares at $2.10/share.
- Purchasers are Pearl River Partners Limited and Bezier Investments Limited, both BVI companies.
- Each purchaser agreed to a six-month lock-up restricting share transfers.
- Shares issued without registration under Section 4(a)(2) and Regulation D/S exemptions.