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Zhibao Technology Inc. Announces Closing of $154.7 Million PIPE Financing
KEY HIGHLIGHTS$154.7 Million PIPE Financing Closed: Zhibao Technology Inc. (NASDAQ: ZBAO) ("Zhibao," "we," or the "Company") has closed its previously announced private investment in public equity ("PIPE") financing for an aggregate purchase price of $154,700,000. Streamlined Unit Structure: The transaction comprises 442,000,000 PIPE Units at $0.35 per Unit (each consisting of one Class A Ordinary Share and one two-year Warrant exercisable at $0.35 per share), with 395,678,152 Units delivered at
About this update from Zhibao Technology Inc.
KEY HIGHLIGHTS Shanghai, China--(Newsfile Corp. - August 17, 2026) - Zhibao Technology Inc. (NASDAQ: ZBAO) ("Zhibao," "we," or the "Company"), a leading high-growth InsurTech company and pioneer of the 2B2C digital embedded insurance model in China, today announced the successful closing of its private placement financing pursuant to the Securities Purchase Agreement dated July 31, 2026, as amended on August 17, 2026 (the "Amended Securities Purchase Agreement"), with a syndicate of non-U.S. investors (the "Investors") in reliance upon Regulation S under the Securities Act of 1933, as amended. Pursuant to the Amended Securities Purchase Agreement, the Company has completed the PIPE financing for an aggregate of 442,000,000 PIPE Units at a purchase price of $0.35 per Unit, representing an aggregate purchase price of $154,700,000. The total purchase price has been fully satisfied and deemed paid in full at the closing through the contribution by the Investors of 2,380 Bitcoins to the Company's designated wallet account, based on a reference price of $65,000 per Bitcoin determined with reference to prevailing market prices as of July 30, 2026. Each PIPE Unit consists of one Class A Ordinary Share, par value $0.0001 per share, and one Warrant to purchase one Class A Ordinary Share at an exercise price of $0.35 per share, exercisable for a period of two years from the closing date. At the closing, the Company delivered 395,678,152 PIPE Units, with the remaining 46,321,848 PIPE Units to be delivered following shareholder approval, with no additional consideration required from any Investor. Management Commentary "The successful closing of this $154.7 million investment marks one of the most transformational moments in Zhibao's 10-year history, strengthening our financial foundation and significantly accelerating our future growth potential," said Mr. Botao Ma, Director of Zhibao. "Our teams and operating entities remain passionately committed to following through on our foundational vision: providing the world's best digital insurance brokerage services to individuals and small- and medium-sized enterprises (SMEs) via our 2B2C business model and utilizing our Platform as a Service (PaaS)."Mr. Ma continued: "I am very hopeful for the future as this investment solidifies our foundations and ensures we are even better positioned to deepen our scenario integrations...
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