M&A
confidence high
sentiment neutral
materiality 0.50
ZW Data acquires 9.9% stake in Modest Attack Ltd for $1M to expand RWA blockchain services
ZW Data Action Technologies Inc.
- Consideration: $625K cash and 150K shares of CNET common valued at $2.50/sh ($375K), total $1M.
- Target Modest Attack Ltd (BVI) provides blockchain-based on-chain services for real world assets (RWAs).
- A $300K refundable deposit (30% of purchase price) is payable immediately upon signing.
- Closing subject to customary conditions; Purchaser to hold 9.9% equity post-closing.