ZW Data Action Technologies Inc. (CNET) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
CNET currently has 3.67M outstanding shares. with limited dilution risk as only 29.7K additional shares (0.8%) are authorized for issuance. The company has significantly diluted shareholders by 77.41% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 15, 2026 |
10-Q filing | 3.7M shares outstanding |
3.7M | 30K |
| Nov 14, 2025 |
10-Q filing | 3.3M shares outstanding |
3.3M | 30K |
| Oct 29, 2025 |
8-K filing: ZW Data Action Technologies Inc. will issue 150,000 shares of common stock to Fun Star Group INC. as part of a purchase agreement where CNET Technology Limited, a wholly-owned subsidiary of ZW Data Action Technologies Inc., will acquire 9.9% equity interests in Modest Attack Limited from Fun Star Group INC. ($0.38M proceeds) |
2.7M | 30K |
| Sep 19, 2025 |
8-K filing: ZW Data Action Technologies Inc. issued 200,000 shares of common stock to the sellers of Titans Investment Asset Holdings Limited at $2.10 per share, totaling $420,000, as part of a purchase agreement where CNET Technology Limited, a wholly-owned subsidiary of ZW Data Action Technologies Inc., acquired equity interests in Titans. ($0.42M proceeds) |
2.7M | 30K |
| Aug 14, 2025 |
10-Q filing | 2.7M shares outstanding |
2.7M | 30K |
| May 20, 2025 |
10-Q filing | 2.3M shares outstanding |
2.3M | 30K |
| May 14, 2025 |
8-K filing: ZW Data Action Technologies Inc. entered into three Securities Purchase Agreements with Golden Harvest Trust Limited, BlackSilver Trust (Hong Kong) Limited and Chaucer Investment & Consulting Limited, respectively, for the purchase of 119,100 shares of common stock at US$2.1 per share. ($0.75M proceeds) |
2.3M | 30K |
| Apr 15, 2025 |
10-K filing | 2.3M shares outstanding |
2.3M | 30K |
| Nov 19, 2024 |
10-Q filing | 2.2M shares outstanding |
2.2M | 30K |
| Sep 30, 2024 |
Stock Split
8-K filing: Stock split 1-for-4 | Outstanding: 7,204,506 → 1,801,126 |
1.8M | 7.4K |
| Aug 16, 2024 |
10-Q filing | 7.2M shares outstanding |
7.2M | 120K |
| Jul 29, 2024 |
10-Q filing | 7.2M shares outstanding |
7.2M | 120K |
| Jun 28, 2024 |
10-K filing | 7.2M shares outstanding |
7.2M | 120K |
| Jan 10, 2024 |
S-3 filing: ZW Data Action Technologies Inc. is filing an S-3 to offer and sell up to $75,000,000 in the aggregate of common stock, preferred stock, warrants to purchase common stock or preferred stock, or any combination of the foregoing. |
7.2M | 120K |
| Nov 20, 2023 |
10-Q filing | 7.2M shares outstanding |
7.2M | 120K |
| Aug 21, 2023 |
10-Q filing | 7.2M shares outstanding |
7.2M | 120K |
| May 22, 2023 |
10-Q filing | 7.2M shares outstanding |
7.2M | 120K |
| Apr 17, 2023 |
10-K filing | 7.1M shares outstanding |
7.1M | 120K |
| Jan 20, 2023 |
Stock Split
8-K filing: Stock split 1-for-5 | Outstanding: 35,572,200 → 7,114,440 |
7.1M | 590K |
| Jan 18, 2023 |
Stock Split
8-K filing: Stock split 1-for-5 | Outstanding: 35,572,200 → 7,114,440 |
7.1M | 590K |
| Nov 18, 2022 |
10-Q filing | 35.6M shares outstanding |
36M | 3M |
| Aug 19, 2022 |
10-Q filing | 35.4M shares outstanding |
35M | 3M |
| May 16, 2022 |
10-Q filing | 35.4M shares outstanding |
35M | 3M |
| Apr 15, 2022 |
10-K filing | 35.3M shares outstanding |
35M | 3M |
| Nov 15, 2021 |
10-Q filing | 35.3M shares outstanding |
35M | 3M |
| Aug 16, 2021 |
10-Q filing | 35.3M shares outstanding |
35M | 3M |
| May 19, 2021 |
10-Q filing | 31.3M shares outstanding |
31M | 3M |
| Apr 22, 2021 |
S-3/A filing: This prospectus relates to the resale of up to 2,970,840 shares of our common stock, par value $.001 per share, issuable upon the exercise of warrants acquired by the Selling Stockholders in a private placement that closed on February 18, 2021. |
31M | 3M |
| Apr 13, 2021 |
10-K filing | 31.3M shares outstanding |
31M | 3M |
| Mar 16, 2021 |
S-3 filing: This prospectus relates to the resale of up to 2,970,840 shares of common stock issuable upon the exercise of warrants acquired in a private placement. |
22M | 3M |
| Feb 19, 2021 |
8-K filing: ZW Data Action Technologies Inc. closed a registered direct offering of 5,212,000 shares of common stock at $3.59 per share and a concurrent private placement of unregistered warrants to purchase up to 2,606,000 shares of common stock, receiving gross proceeds of approximately $18.7 million. ($18.7M proceeds) |
22M | 0 |
| Feb 17, 2021 |
8-K filing: ZW Data Action Technologies Inc. entered into a securities purchase agreement to sell 5,212,000 shares of common stock to institutional investors at $3.59 per share, with gross proceeds of approximately $18.7 million, and agreed to sell unregistered warrants to purchase up to 2,606,000 shares of Common Stock at an exercise price of $3.59 per share in a concurrent private placement. ($18.7M proceeds) |
22M | 0 |
| Dec 14, 2020 |
8-K filing: ZW Data Action Technologies Inc. announced the closing of a registered direct offering of 4,320,989 shares of common stock and warrants to purchase up to 1,728,396 shares of common stock, at a purchase price of $1.62 per share and corresponding warrant, with gross proceeds of approximately $7.0 million. ($7.0M proceeds) |
22M | 0 |
| Dec 11, 2020 |
8-K filing: ZW Data Action Technologies Inc. entered into a securities purchase agreement to sell 4,320,989 shares of common stock and warrants to purchase 1,728,396 shares for gross proceeds of $7.0 million, with each share and warrant priced at $1.62 and warrants exercisable at $2.03. ($7.0M proceeds) |
22M | 0 |
| Nov 13, 2020 |
10-Q filing | 21.7M shares outstanding |
22M | 0 |
| Aug 14, 2020 |
10-Q filing | 21.7M shares outstanding |
22M | 0 |
| Jul 10, 2020 |
S-3/A filing: ChinaNet Online Holdings, Inc. files an S-3/A form to offer and sell up to $75,000,000 in the aggregate of common stock, preferred stock, warrants to purchase common stock or preferred stock, or any combination of the foregoing, either individually or as units comprised of one or more of the other securities. |
22M | 0 |
| Jun 29, 2020 |
10-Q filing | 21.7M shares outstanding |
22M | 0 |
| May 27, 2020 |
10-K filing | 21.7M shares outstanding |
22M | 0 |
| Feb 12, 2020 |
S-3/A filing: ChinaNet Online Holdings, Inc. is offering common stock, preferred stock, warrants to purchase common stock or preferred stock, or any combination of the foregoing, either individually or as units comprised of one or more of the other securities, with an aggregate offering price not to exceed $75,000,000. |
20M | 0 |