{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-25-006245","form_type":"8-K","ticker":"CNET","cik":"0001376321","company_name":"ZW Data Action Technologies Inc.","filed_at":"2025-10-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.256377+00:00","generated_at":"2026-05-17T04:54:47.215994+00:00","sec_items":["3.02","1.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"ZW Data Action Technologies issues 608,800 restricted shares at $2.10 for $1.28M gross proceeds","bullets":["Issued 608,800 restricted common shares at $2.10 per share to accredited and non-US investors.","Total gross proceeds from the transaction amount to approximately $1,278,480.","The issuance is part of securities purchase agreements previously disclosed in January, May, and September 2025.","Shares are restricted and were sold in an unregistered transaction relying on Rule 506(b) or similar exemptions."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-25-006245","json":"https://secwatch.observer/filing/0001171843-25-006245.json","markdown":"https://secwatch.observer/filing/0001171843-25-006245.md","text":"https://secwatch.observer/filing/0001171843-25-006245.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1376321/000117184325006245/0001171843-25-006245-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1376321/000117184325006245/f8k_100225.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T04:54:47.215994+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":"8fd8ec233970288f444f84abeb1785946e8d6dee","claim":"ZW Data Action Technologies Inc. issued 608,800 restricted shares of common stock of common stock to accredited and non-US persons and entities for $2.10 per share with total gross proceeds from the transactions amounting to approximately $1,278,480.","evidence_excerpt":"the Company issued a total of 608,800 restricted shares of common stock to the investors, including accredited and non-US persons and entities. The shares of common stock were sold for $2.10 per share with total gross proceeds from the transactions amounting to approximately $1,278,480.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1376321/000117184325006245/0001171843-25-006245-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"},{"label":"Shares","value":"608,800 restricted shares of common stock"},{"label":"Purchaser","value":"accredited and non-US persons and entities"},{"label":"Consideration","value":"$2.10 per share with total gross proceeds from the transactions amounting to approximately $1,278,480"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}