---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-25-000085"
form_type: "8-K"
ticker: "CNET"
cik: "0001376321"
company_name: "ZW Data Action Technologies Inc."
filed_at: "2025-01-07T23:59:59+00:00"
generated_at: "2026-05-28T08:11:08.681117+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# ZW Data Action raises $500,220 via two private placements of common stock at $2.10/share

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-25-000085
- form_type: 8-K
- ticker: CNET
- cik: 0001376321
- company_name: ZW Data Action Technologies Inc.
- filed_at: 2025-01-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.02, 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1376321/000117184325000085/0001171843-25-000085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376321/000117184325000085/f8k_010325.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-25-000085
- JSON: https://secwatch.observer/filing/0001171843-25-000085.json
- Plain text: https://secwatch.observer/filing/0001171843-25-000085.txt

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