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ZW Data Action Technologies Inc. (CNET)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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3.0500-0.0800 (-2.56%)
At close: 4:00PM EST

2.9600 -0.09 (-2.95%)
Pre-Market: 8:56AM EST

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Previous Close3.1300
Open3.2500
Bid2.8500 x 800
Ask2.8900 x 2200
Day's Range3.0300 - 3.3200
52 Week Range0.5400 - 6.1900
Volume1,725,616
Avg. Volume9,343,783
Market Cap95.388M
Beta (5Y Monthly)1.61
PE Ratio (TTM)N/A
EPS (TTM)-0.1910
Earnings DateNov 13, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
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  • ZW Data Action Technologies Inc. Announces the Closing of $18.7 Million Registered Direct Offering
    GlobeNewswire

    ZW Data Action Technologies Inc. Announces the Closing of $18.7 Million Registered Direct Offering

    BEIJING, Feb. 19, 2021 (GLOBE NEWSWIRE) -- ZW Data Action Technologies Inc. (NASDAQ:CNET) ("ZW Data" or the "Company"), an integrated online advertising, precision marketing and data analytics and other value-added services company, today announced the closing on February 18, 2021 of its previously announced registered direct offering of 5,212,000 shares of common stock at a per share price of $3.59 and the concurrent private placement to the same investors of warrants to purchase up to 2,606,000 shares of common stock at an exercise price of $3.59 per share. The warrants have a term of three and one-half years and were issued pursuant to an exemption from registration under the Securities Act of 1933, as amended. The aggregate offering proceeds to the Company were approximately $18.7 million, before deducting fees to the placement agent and other estimated offering expenses payable by the Company. The net proceeds from this offering will be used for general working capital purposes. FT Global Capital, Inc. acted as the exclusive placement agent in connection with the offering. Loeb & Loeb LLP acted as counsel to the Company and Schiff Hardin LLP acted as counsel to the placement agent in connection with the offering. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, and these securities cannot be sold in any state in which this offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. All offers for the common stock were made only by means of a prospectus, including a prospectus supplement pursuant to the Company’s effective shelf registration statement and base prospectus contained therein. The shelf registration statement (SEC Filing No. 333-228061) relating to the offering was filed with and declared effective by the Securities and Exchange Commission (the “SEC”) on August 3, 2020. A prospectus supplement related to the offering was filed with the SEC on December 11, 2020 and is available at www.sec.gov. For further details of this transaction, please see the Current Report on Form 8-K filed with the SEC on February 16, 2021 and is available at www.sec.gov. About ZW Data Action Technologies Inc.Established in 2003 and headquartered in Beijing, China, ZW Data Action Technologies Inc. (the “Company”) offers online advertising, precision marketing, data analytics and other value-added services for enterprise clients. Leveraging its fully integrated services platform, proprietary database, and cutting-edge algorithms, ZW Data Action Technologies delivers customized, result-driven business solutions for small and medium-sized enterprise clients in China. The Company also develops blockchain and artificial intelligence enabled web/mobile applications and software solutions for general public, enterprise clients, and government agencies. More information about the Company can be found at: http://www.zdat.com/. Safe HarborThis release contains certain "forward-looking statements" relating to the business of ZW Data Action Technologies Inc., which can be identified by the use of forward-looking terminology such as "believes," "expects," "anticipates," "estimates" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including business uncertainties relating to government regulation of our industry, market demand, reliance on key personnel, future capital requirements, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. These forward-looking statements are based on ZW Data Action Technologies current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting ZW Data Action Technologies will be those anticipated by ZW Data Action Technologies. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. ZW Data Action Technologies undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. For more information please contact: Sherry ZhengWeitian Group LLCEmail: shunyu.zheng@weitian-ir.comPhone: +1 718-213-7386

  • CORRECTION - ZW Data Action Technologies Inc. Announces Pricing of $18.7 Million Registered Direct Offering Priced at the Market under Nasdaq Rules
    GlobeNewswire

    CORRECTION - ZW Data Action Technologies Inc. Announces Pricing of $18.7 Million Registered Direct Offering Priced at the Market under Nasdaq Rules

    BEIJING, Feb. 16, 2021 (GLOBE NEWSWIRE) -- This press release corrects a prior version that was issued by ZW Data Action Technologies Inc. on February 16, 2021 to correct an error regarding the timing for exercise of certain warrants. The corrected release follows: ZW Data Action Technologies Inc.(NASDAQ:CNET) ("ZW Data" or the "Company"), an integrated online advertising, precision marketing and data analytics and other value-added services company, today announced that it has entered into a securities purchase agreement with several institutional investors for a registered direct placement of approximately $18.7 million of shares of common stock of the Company at a price of $3.59 per share. The price was set at market price in accordance with the rules of Nasdaq. The Company will issue a total of 5,212,000 shares of common stock to the institutional investors. The Company also completed a concurrent private placement of warrants to purchase shares of common stock to the same institutional investors. The warrants are to purchase up to 2,606,000 shares at an exercise price of $3.59 and have a term of three and one-half years. The net proceeds from this offering are expected to be approximately $17.1 million and will be used for general working capital purposes. If the warrants are exercised in full, the Company will receive additional proceeds of approximately $9.4 million. The completion of the placement is expected to occur on or about February 18, 2021, subject to the satisfaction of customary closing conditions. FT Global Capital, Inc. acted as the exclusive placement agent in connection with the offering. The Company's Common Stock are being offered by in a registered direct offering pursuant to a "shelf" registration statement on Form S-3 (File No. 333-228061) previously filed with the Securities and Exchange Commission (the "SEC") declared effective by the SEC on August 3, 2020. The Securities may be offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. Once filed with the SEC, copies of the prospectus supplement and accompanying prospectus relating to the registered direct offering may be obtained, when available, on the SEC's website at http://www.sec.gov or by contacting the Company at Room 1106, Xinghuo Keji Plaza, No. 2 Fengfu Road, Fengtai District, Beijing, PRC 100070, or telephone at +86-10-60846616. The Company’s warrants and the shares of common stock that may be purchased upon exercise are not being offered pursuant to this prospectus supplement or the accompanying base prospectus and are being offered pursuant to an exemption provided in Section 4(a)(2) of the Securities Act and Rule 506(b). This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. For further details of this transaction, please see the Form 8-K to be filed with the SEC. About ZW Data Action Technologies Inc. Established in 2003 and headquartered in Beijing, China, ZW Data Action Technologies Inc. (the “Company”) offers online advertising, precision marketing, data analytics and other value-added services for enterprise clients. Leveraging its fully integrated services platform, proprietary database, and cutting-edge algorithms, ZW Data Action Technologies delivers customized, result-driven business solutions for small and medium-sized enterprise clients in China. The Company also develops blockchain and artificial intelligence enabled web/mobile applications and software solutions for general public, enterprise clients, and government agencies. More information about the Company can be found at: http://www.zdat.com/. Safe Harbor This release contains certain "forward-looking statements" relating to the business of ZW Data Action Technologies Inc., which can be identified by the use of forward-looking terminology such as "believes," "expects," "anticipates," "estimates" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including business uncertainties relating to government regulation of our industry, market demand, reliance on key personnel, future capital requirements, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. These forward-looking statements are based on ZW Data Action Technologies current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting ZW Data Action Technologies will be those anticipated by ZW Data Action Technologies. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. ZW Data Action Technologies undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. For more information please contact: Sherry Zheng Weitian Group LLC Email: shunyu.zheng@weitian-ir.com Phone: +1 718-213-7386

  • ZW Data Action Technologies Inc. Announces Pricing of $18.7 Million Registered Direct Offering Priced at the Market under Nasdaq Rules
    GlobeNewswire

    ZW Data Action Technologies Inc. Announces Pricing of $18.7 Million Registered Direct Offering Priced at the Market under Nasdaq Rules

    BEIJING, Feb. 16, 2021 (GLOBE NEWSWIRE) -- ZW Data Action Technologies Inc.(NASDAQ:CNET) ("ZW Data" or the "Company"), an integrated online advertising, precision marketing and data analytics and other value-added services company, today announced that it has entered into a securities purchase agreement with several institutional investors for a registered direct placement of approximately $18.7 million of shares of common stock of the Company at a price of $3.59 per share. The price was set at market price in accordance with the rules of Nasdaq. The Company will issue a total of 5,212,000 shares of common stock to the institutional investors. The Company also completed a concurrent private placement of warrants to purchase shares of common stock to the same institutional investors. Warrants to purchase up to 2,606,000 shares of common stock at an exercise price of $3.59 per share, which warrants will have a term of three and one-half years and not be exercisable for the first six months from the date of issuance. The net proceeds from this offering are expected to be approximately $17.1 million and will be used for general working capital purposes. If the warrants are exercised in full, the Company will receive additional proceeds of approximately $9.4 million. The completion of the placement is expected to occur on or about February 18, 2021, subject to the satisfaction of customary closing conditions. FT Global Capital, Inc. acted as the exclusive placement agent in connection with the offering. The Company's Common Stock are being offered by in a registered direct offering pursuant to a "shelf" registration statement on Form S-3 (File No. 333-228061) previously filed with the Securities and Exchange Commission (the "SEC") declared effective by the SEC on August 3, 2020. The Securities may be offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. Once filed with the SEC, copies of the prospectus supplement and accompanying prospectus relating to the registered direct offering may be obtained, when available, on the SEC's website at http://www.sec.gov or by contacting the Company at Room 1106, Xinghuo Keji Plaza, No. 2 Fengfu Road, Fengtai District, Beijing, PRC 100070, or telephone at +86-10-60846616. The Company’s warrants and the shares of common stock that may be purchased upon exercise are not being offered pursuant to this prospectus supplement or the accompanying base prospectus and are being offered pursuant to an exemption provided in Section 4(a)(2) of the Securities Act and Rule 506(b). This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. For further details of this transaction, please see the Form 8-K to be filed with the SEC. About ZW Data Action Technologies Inc. Established in 2003 and headquartered in Beijing, China, ZW Data Action Technologies Inc. (the “Company”) offers online advertising, precision marketing, data analytics and other value-added services for enterprise clients. Leveraging its fully integrated services platform, proprietary database, and cutting-edge algorithms, ZW Data Action Technologies delivers customized, result-driven business solutions for small and medium-sized enterprise clients in China. The Company also develops blockchain and artificial intelligence enabled web/mobile applications and software solutions for general public, enterprise clients, and government agencies. More information about the Company can be found at: http://www.zdat.com/. Safe Harbor This release contains certain "forward-looking statements" relating to the business of ZW Data Action Technologies Inc., which can be identified by the use of forward-looking terminology such as "believes," "expects," "anticipates," "estimates" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including business uncertainties relating to government regulation of our industry, market demand, reliance on key personnel, future capital requirements, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. These forward-looking statements are based on ZW Data Action Technologies current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting ZW Data Action Technologies will be those anticipated by ZW Data Action Technologies. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. ZW Data Action Technologies undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. For more information please contact: Sherry Zheng Weitian Group LLC Email: shunyu.zheng@weitian-ir.com Phone: +1 718-213-7386