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.
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