On July 31, 2026, Zhibao Technology Inc. entered into a Securities Purchase Agreement for a PIPE Financing transaction with non-U.S. investors. The company will issue 442,000,000 units, each consisting of one Class A ordinary share and one warrant exercisable at $0.35 per share, in exchange for an aggregate purchase price of approximately US$154,700,000 payable in 2,380 Bitcoin valued at a reference price of $65,000 per Bitcoin. The closing is expected within twelve business days and requires shareholder approval to increase authorized share capital. Concurrently, four incumbent directors will resign and be replaced by investor-designated individuals, while the current CEO and CFO will also resign upon closing. Zhibao Technology Inc. operates in the technology sector with a strategic focus on holding Bitcoin as a treasury reserve asset.
