$ZBAO

Zhibao Technology (ZBAO) completed a $154.7 million Bitcoin-funded private placement, acquiring 2,380 BTC for its treasury. The company issued 442 million units at $0.35 each, including shares and warrants. ZBAO plans to use funds for business expansion and AI projects. Shares fell 1.63% in after-hours trading after a 4.58% drop during the day. Year-to-date, the stock is down nearly 77%.

Zhibao Technology Inc. (NASDAQ: ZBAO) closed a $154.7 million PIPE financing, selling 442 million PIPE units at $0.35 each. Each unit includes one Class A share and a two-year warrant exercisable at $0.35. 395.7 million units were delivered at closing, with 46.3 million pending shareholder approval. ZBAO received payment via 2,380 Bitcoins.

Zhibao Technology Inc. (NASDAQ: ZBAO) said it signed a joint venture agreement with Dongbaohui to create an AI-native embedded long-term insurance company. The JV will be chaired by Dongbaohui founder Min Lu and led by Zhibao CTO Yugang Wang as general manager. Zhibao cites 3,100+ scenarios and 27+ million end-users as the base for long-term insurance upsell.

Zhibao Technology Inc. (NASDAQ: ZBAO) said it signed a definitive PIPE securities purchase agreement with non-U.S. investors to issue 442 million units at $0.35 per unit. The $154.7 million purchase price will be paid in 2,380 Bitcoins. Closing is expected within 12 business days, subject to conditions, including Nasdaq approvals. Investors will designate new directors and officers.

Zhibao Technology Inc. (NASDAQ:ZBAO) agreed to a $154.7M private placement with non-U.S. investors, issuing 442M units at $0.35 each. Units include one Class A share and a warrant to buy another share at $0.35 for two years. Payment will be made via 2,380 Bitcoins. Closing is within 12 business days, with board and executive changes.

Zhibao Technology (Nasdaq: ZBAO) said it signed a non-binding term sheet for a PIPE financing in which a buyer (Joyertech and Information OPC) would subscribe for about $220M of shares using roughly 3,500 bitcoin, subject to valuation, custody, audits, and approvals. The buyer would designate a majority of directors at closing. ZBAO received a Nasdaq deficiency letter for trading below $1 on July 15.

Zhibao Technology (NASDAQ: ZBAO) said it signed a non-binding PIPE term sheet to issue shares paid with about 3,500 bitcoin, valued near $220 million at current prices, to investors including Joyertech and Information OPC. The deal depends on valuation, custody, audit, regulatory review, and definitive agreements. ZBAO expects a board majority change at closing.

Zhibao Technology Inc. (NASDAQ: ZBAO) said it signed a non-binding term sheet for a PIPE financing with JOYERTECH AND INFORMATION OPC. The buyer intends to subscribe for securities with consideration expected to include about 3,500 BTC, subject to due diligence, definitive agreements, approvals, and Nasdaq compliance. The buyer would designate a majority of the board at closing.

Zhibao Technology Inc. (NASDAQ:ZBAO) said it entered a non-binding term sheet for a proposed PIPE financing with JOYERTECH AND INFORMATION OPC. The buyer plans to subscribe for securities with consideration expected to include about 3,500 bitcoin, subject to due diligence, definitive agreements, approvals, and Nasdaq requirements. The company said no deal is assured.

Zhibao Technology (NASDAQ: ZBAO) said it signed a non-binding term sheet for a PIPE financing with JOYERTECH AND INFORMATION OPC. The buyer expects to subscribe using consideration expected to include about 3,500 BTC, subject to valuation, custody, audit, approvals, and Nasdaq compliance. The buyer is expected to appoint a majority of Zhibao’s board at closing.