Schiff Counsels on ZW Data Action Technologies, Inc.’s $18.7M Registered Direct Offering

Schiff Hardin LLP acted as counsel to the placement agent in ZW Data Action Technologies, Inc.’s registered direct offering of more than 5.2 million shares of common stock at $3.59 per share 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.

Schiff Hardin LLP acted as counsel to the placement agent in ZW Data Action Technologies, Inc.’s registered direct offering of more than 5.2 million shares of common stock at $3.59 per share 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 aggregate offering proceeds are approximately $18.7 million and will be used for general working capital purposes.

ZW Data offers online advertising, precision marketing, data analytics, and other value-added services for enterprise clients. FT Global Capital, Inc. acted as the exclusive placement agent in connection with the offering, which closed on February 18, 2021.

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