Item 8.01. Other Events.
On December 14, 2020, ZW Data Action Technologies Inc. (the "Company") issued a
press release announced the closing of a registered direct offering of 4,320,989
shares of common stock and warrants to purchase up to 1,728,396 shares of common
stock, at a purchase price of $1.62 per share and corresponding warrant. The
warrants have a term of three years and are not be exercisable for the first six
months from the date of issuance. The warrants have an exercise price of $2.03.
The closing took place on December 14, 2020 and the Company received gross
proceeds of approximately $7.0 million.
The Company's press release is filed as Exhibit 99.1 to this Current Report and
is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Press Release dated December 14, 2020.
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses