ZW Data Action Technologies Inc. Files 8-K

TL;DR

ZW Data Action Technologies Inc. filed an 8-K on 9/30/24, changing fiscal year end and amending bylaws.

AI Summary

On September 30, 2024, ZW Data Action Technologies Inc. filed an 8-K report. The filing indicates a change in the company's fiscal year end to December 31st. It also lists material modifications to the rights of security holders and amendments to its articles of incorporation or bylaws. The company's principal executive offices are located in Beijing, China.

Why It Matters

This 8-K filing signals potential changes in the company's governance and financial reporting structure, which could impact investors' understanding of its operations and future performance.

Risk Assessment

Risk Level: low — The filing is a routine corporate disclosure and does not appear to contain any immediate negative financial or operational news.

Key Players & Entities

• ZW Data Action Technologies Inc. (company) — Registrant
• September 30, 2024 (date) — Date of earliest event reported
• December 31 (date) — New fiscal year end
• Nevada (jurisdiction) — State of incorporation
• Beijing, China (location) — Principal executive offices

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 CNET NASDAQ Capital Market Item
• $1.00 m — effected to regain compliance with the $1.00 minimum bid price required for continued

Filing Documents

• f8k_093024.htm (8-K) — 26KB
• exh_31.htm (EX-3.1) — 4KB
• exh31_01.jpg (GRAPHIC) — 71KB
• exh31_02.jpg (GRAPHIC) — 141KB
• 0001171843-24-005410.txt ( ) — 498KB
• cnet-20240930.xsd (EX-101.SCH) — 3KB
• cnet-20240930_lab.xml (EX-101.LAB) — 33KB
• cnet-20240930_pre.xml (EX-101.PRE) — 22KB
• f8k_093024_htm.xml (XML) — 4KB

03 Material Modification to Rights of Security Holders

Item 3.03 Material Modification to Rights of Security Holders. The Board of Directors of ZW Data Action Technologies Inc., a Nevada corporation (the "Company") has approved a reverse stock split of the Company's issued and outstanding shares of common stock, par value $0.001 per share (the "Common Stock") at a ratio of 1-for-4 (the "Reverse Stock Split"). The Reverse Stock Split became effective on September 30, 2024 (the "Effective Date"), and the shares of Common Stock began trading on the split-adjusted basis on the Nasdaq under the Company's existing trading symbol "CNET" at market open on September 30, 2024. Under Nevada Revised Statutes ("NRS") Section 78.207, the Company may decrease its authorized shares of Common Stock and correspondingly decrease the number of issued and outstanding shares of Common Stock by resolution adopted by the Board of Directors, without obtaining the approval of the stockholders. The Reverse Stock Split was effected by the Company filing a Certificate of Change (the "Certificate") pursuant to NRS Section 78.209 with the Secretary of State of the State of Nevada on the Effective Date. As a result of the filing of the Certificate, the number of shares of the Company's authorized Common Stock was reduced from 50,000,000 shares to 12,500,000 shares and the issued and outstanding number of shares of the Common Stock was correspondingly decreased. On the Effective Date, the total number of shares of Common Stock held by each stockholder of the Company was converted automatically into the number of shares of Common Stock equal to (i) the number of issued and outstanding shares of Common Stock held by each such stockholder immediately prior to the Reverse Stock Split, divided by (ii) 4, with such resulting number of shares rounded up to the nearest whole share. The Company will issue one whole share of the post-Reverse Stock Split Common Stock to any stockholder who otherwise would have received a fractional share as a result of the Re

03 Amendments to Articles of Incorporation or Bylaws; Change

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. The description under Item 3.03 above of the reduction in the number of shares of the Company's authorized and issued and outstanding Common Stock is incorporated by reference herein.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 3.1 Certificate of Change filed with the Secretary of State of the State of Nevada on September 25, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ZW DATA ACTION TECHNOLOGIES INC. Date: September 30, 2024 By: /s/Handong Cheng Name: Handong Cheng Title: Chief Executive Officer and Acting Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR