ZW Data Action Technologies Inc. filed SEC Form 8-K: Unregistered Sales of Equity Securities, Entry into a Material Definitive Agreement
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Item 3.02. Unregistered Sales of Equity Securities.
As detailed in Item 1.01 of the Current Reports on Form 8-K filed by ZW Data Action Technologies Inc. (the “Company”) with the SEC on August 27, 2024, September 9, 2024 and September 27, 2024, respectively, on June 10, 2025, in accordance with the securities purchase agreements entered into by the Company with the investors described therein, the Company issued a total of 358,424 restricted shares of common stock to the investors, including accredited and non-US persons and entities. The shares of common stock were sold for $3.0 per share with total gross proceeds from the transactions amounting to approximately $1,075,272.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: June 10, 2025 | ZW DATA ACTION TECHNOLOGIES INC. | |
| By: | /s/ Handong Cheng | |
| Name: Handong Cheng | ||
| Title: Chief Executive Officer and Acting Chief Financial Officer | ||