Zhibao Technology Inc. issued a third tranche of senior secured convertible notes on September 17, 2026, with an original principal amount of $1,000,000 purchased for $900,000. This closing followed amendments to the Securities Purchase Agreement that removed floor price provisions and cash true-up payments from existing notes and allowed multiple closings under the remaining availability. The new note includes a share cap of 35,941,170 Class A ordinary shares and requires 12 equal monthly installment payments. Zhibao Technology Inc. operates in the technology sector.
