---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-25-006766"
form_type: "8-K"
ticker: "CNET"
cik: "0001376321"
company_name: "ZW Data Action Technologies Inc."
filed_at: "2025-10-29T23:59:59+00:00"
generated_at: "2026-05-17T01:36:46.202405+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# ZW Data acquires 9.9% stake in Modest Attack Ltd for $1M to expand RWA blockchain services

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-25-006766
- form_type: 8-K
- ticker: CNET
- cik: 0001376321
- company_name: ZW Data Action Technologies Inc.
- filed_at: 2025-10-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1376321/000117184325006766/0001171843-25-006766-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376321/000117184325006766/f8k_102825.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-25-006766
- JSON: https://secwatch.observer/filing/0001171843-25-006766.json
- Plain text: https://secwatch.observer/filing/0001171843-25-006766.txt

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