{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-25-001454","form_type":"8-K","ticker":"CNET","cik":"0001376321","company_name":"ZW Data Action Technologies Inc.","filed_at":"2025-03-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.468862+00:00","generated_at":"2026-05-24T20:39:15.099738+00:00","sec_items":["2.01","1.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"low","headline":"ZW Data Action Technologies completes acquisition of Rahula Digital Media shares","bullets":["On March 7, 2025, subsidiary ChinaNet Investment Holding acquired 10,000 shares of Rahula Digital Media (HK) from Vickie Chan.","Acquisition pursuant to Share Sale and Purchase Agreement dated March 3, 2025; no financial terms disclosed.","Prior 8-K (March 3, 2025) incorporated by reference for full terms."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-25-001454","json":"https://secwatch.observer/filing/0001171843-25-001454.json","markdown":"https://secwatch.observer/filing/0001171843-25-001454.md","text":"https://secwatch.observer/filing/0001171843-25-001454.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1376321/000117184325001454/0001171843-25-001454-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1376321/000117184325001454/f8k_031325.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T20:39:15.099738+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9ba4c174526615c944085dd48d085480385117e1","claim":"ZW Data Action Technologies Inc. completed an acquisition involving Vickie Chan (closed 2025-03-07).","evidence_excerpt":"On March 7, 2025, ChinaNet Investment Holding Limited (the \"Purchaser\"), a British Virgin Islands company and an indirect wholly-owned subsidiary of ZW Data Action Technologies Inc. (the \"Registrant\") acquired the 10,000 shares of Rahula Digital Media (HK) Limited, a Hong Kong company (the \"Rahula\") that Vickie Chan, an individual (the \"Seller\") owned","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1376321/000117184325001454/0001171843-25-001454-index.htm","confidence":0.95,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Vickie Chan"},{"label":"Closing","value":"2025-03-07"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}