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

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

News Release |

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.