Common Stock
- Symbol
- CNET
- Exchange
- NASDAQ
- Classification
- COMMON
- Status
- Current
Current Report · Items 1.01, 9.01 · 8-K
ZW Data Action Technologies Inc.
CNETNASDAQEQUITYCurrent
Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On June 26, 2026, CNET Technology Limited (the “Purchaser”), a wholly-owned subsidiary of ZW Data Action Technologies Inc. (the “Company”) in the British Virgin Islands, entered into a purchase agreement (the “Acquisition Agreement”) with AFFIRM MISSION LIMITED, a British Virgin Islands company (the “Seller”) and MARGO ASIA LIMITED, a British V…
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Registered securities in this filing
ZW Data Action Technologies Inc. · 8-K · Filed 2026-06-30
Disclosure sections
Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01 Entry into a Material Definitive Agreement.
On June 26, 2026, CNET Technology Limited (the “Purchaser”),
a wholly-owned subsidiary of ZW Data Action Technologies Inc. (the “Company”) in the British Virgin Islands, entered
into a purchase agreement (the “Acquisition Agreement”) with AFFIRM MISSION LIMITED, a British Virgin Islands company
(the “Seller”) and MARGO ASIA LIMITED, a British Virgin Islands company (“Margo”), pursuant to which the
Seller will sell its 8.0% equity interests in Margo (the “Equity Interests”) to the Purchaser. In consideration for
the Equity Interests, the Purchaser shall pay to the Seller $474,000 in cash and cause the Company to issue 180,000 shares of common stock
of the Company, having a total value of $126,000 and valued at $0.70 per share, to the Seller. The closing of the acquisition is subject
to customary terms and conditions as set forth in the Acquisition Agreement.
A copy of the Acquisition Agreement is attached to this Current Report on Form
8-K as Exhibit 10.1, and is incorporated herein by reference.