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

Reuters2026/08/05 20:56

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ZW Data Action Technologies entered securities purchase agreements on July 30, 2026 for an unregistered private placement of 1,000,000 common shares.
Gross proceeds 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.
Sale relies on Securities Act exemptions under Section 4(a)(2) plus Regulation D and Regulation S.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ZW Data Action Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001171843-26-005242), on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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

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