---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-25-000347"
form_type: "8-K"
ticker: "CNET"
cik: "0001376321"
company_name: "ZW Data Action Technologies Inc."
filed_at: "2025-01-21T23:59:59+00:00"
generated_at: "2026-05-27T22:00:09.865935+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 Tech raises $500K via sale of 238,200 shares in private placements

## Summary
- On Jan 15 and Jan 17, 2025, sold 119,100 shares each to two investors at $2.1/share for total proceeds of $500,250.
- Purchasers: Eternity Star Development Ltd (BVI) and Chaucer Investment & Consulting Ltd (Hong Kong).
- Each purchaser signed a six-month lock-up agreement restricting share transfers.
- Shares issued without registration under Section 4(a)(2) of Securities Act and Regulations D and S.
- No material change in business or operations disclosed; proceeds use not specified.

## SEC filing metadata
- accession: 0001171843-25-000347
- form_type: 8-K
- ticker: CNET
- cik: 0001376321
- company_name: ZW Data Action Technologies Inc.
- filed_at: 2025-01-21T23:59:59+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/1376321/000117184325000347/0001171843-25-000347-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376321/000117184325000347/f8k_011725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-25-000347
- JSON: https://secwatch.observer/filing/0001171843-25-000347.json
- Plain text: https://secwatch.observer/filing/0001171843-25-000347.txt

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