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Stock impact report

ZW Data Action Technologies Inc. Announces Reverse Stock Split

ZW Data Action Technologies Inc. (CNET) 
US:NASDAQ Investor Relations: investor.chinanet-online.com
Company Research Source: GlobeNewswire
BEIJING, Sept. 25, 2024 (GLOBE NEWSWIRE) -- ZW Data Action Technologies Inc. (Nasdaq: CNET) (“ZW Data” or the “Company”), an integrated online advertising, precision marketing, data analytics, and other value-added services company, announced today that its Board of Directors has approved a reverse stock split of its 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 will take effect on September 30, 2024, and the shares of the Company will trade on a post-split basis on Nasdaq under the Company’s existing trading symbol “CNET,” at the market open on September 30, 2024, upon Nasdaq’s approval. The new CUSIP number following the Reverse Stock Split will be 98880R 307. 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 t Show less Read more
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