secwatch.observer — SEC 8-K summary
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Issuer:     ZW Data Action Technologies Inc. (CNET)
CIK:        0001376321
Form:       8-K
Filed at:   2025-01-21T23:59:59+00:00
Accession:  0001171843-25-000347
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 Tech raises $500K via sale of 238,200 shares in private placements
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376321/000117184325000347/0001171843-25-000347-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376321/000117184325000347/f8k_011725.htm
  HTML page:      https://secwatch.observer/filing/0001171843-25-000347

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