C/NET (CNET)

[StockLogistics]

This is likely for dilution or an acquisition using shares:

“ Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

As discussed below under Item 5.07, at the Annual Meeting of Stockholders (the “Annual Meeting”) held on July 8, 2021, the stockholders of ZW Data Action Technologies, Inc. (the “Company”) approved an amendment to the Company’s Articles of Incorporation to increase the number of authorized shares of the Company’s common stock, par value $0.001 per share, from 50,000,000 shares to 100,000,000 shares. The amendment to the Articles of Incorporation will become effective upon filing with, and acceptance for record by, the Secretary of State of Nevada. A copy of the Amendment to our Articles of Incorporation to be filed effecting the increase in authorized common stock of the Company is attached hereto as Exhibit 3.1 and is incorporated by reference herein.”

https://www.otcmarkets.com/filing/html?id=15084850&guid=bX3wkp-Ja1Q_h3h

Share Structure

Market Cap Market Cap
52,292,362
11/12/2021
Authorized Shares
50,000,000
11/12/2021
Outstanding Shares
35,332,677
11/12/2021
Restricted
Not Available
Unrestricted
Not Available
Held at DTC
Not Available
Float
Not Available
Par Value
No Par Value