ZW Data Action agrees to sell 1 million shares in US$ 1.45 private placement

CNET•2026-08-05

Private placement terms

ZW Data Action Technologies entered into securities purchase agreements on July 30, 2026 for an unregistered private placement of 1,000,000 common shares.

Gross proceeds are set at US$1.45 million, priced at US$1.45 per share.

One purchaser, Marvel Investment Limited, is owned and controlled by director Geroge Chu.

Each purchaser agreed to a six-month lock-up from the agreement date.

The sale relies on Securities Act exemptions under Section 4(a)(2) plus Regulation D and Regulation S.

Sources

ZW Data Action agrees to sell 1 million shares in US$ 1.45 private placement

Sec

ZW Data Action agrees to sell 1 million shares in US$ 1.45 private placement

Private placement terms

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