Recent Updates — ZBAO
Zhibao Technology Inc. filed a proxy statement for an extraordinary general meeting on September 29, 2026, proposing to increase authorized share capital from US$50,000 (500 million shares) to US$200,000 (2 billion shares). The filing also proposes a conditional reverse stock split consolidating every 50 Class A and Class B ordinary shares into one share. This consolidation is triggered only if the closing bid price falls below US$0.12 per share on any trading day. Upon effectiveness, authorized capital would be amended to US$200,000 divided into 40 million consolidated shares with a par value of US$0.005 each. Fractional shares resulting from the consolidation will be rounded up to the next whole number rather than paid out in cash. The company operates in the technology sector.
On August 17, 2026, the board of directors accepted the resignations of CEO Botao Ma (who remains a director), CFO Guangtong Ren, and directors Yiyun Dai, Jun Ma, and Han Tang. The company appointed Jinmei Guo Hellstroem as CEO and Chair of the Board, Jinyang Gu as CFO, and independent directors Truong Van Tien Anh, Zongmei Huang, and Dixon Perez Dai. Concurrently, Joyer Investment Limited purchased 44,200,000 units for $15,470,000 in a private placement closed on the same date. The company operates in the technology sector.
Zhibao Technology Inc. closed a $154.7 million private investment in public equity financing on August 17, 2026. Investors paid the aggregate purchase price by delivering 2,380 Bitcoins to the Company's designated wallet account, valued at $65,000 per Bitcoin based on July 30, 2026 market prices. The transaction involves the issuance of 442 million PIPE Units, each consisting of one Class A ordinary share and a two-year warrant exercisable at $0.35 per share. At closing, the Company delivered 395,678,152 units to investors. The remaining 46,321,848 units will be issued within 30 days following shareholder approval for an increase in authorized share capital, with no additional consideration required from investors. Zhibao Technology Inc. operates in the InsurTech industry, providing digital insurance brokerage services through a 2B2C embedded model.
On August 5, 2026, Zhibao Technology Inc. and 3i, LP amended the definition of 'Floor Price' in their Senior Secured Convertible Notes from $0.30 to $0.22. This adjustment lowers the conversion threshold for the notes issued on April 10 and June 5, 2026, potentially facilitating earlier or more favorable conversion into equity. The remaining terms of the notes remain unchanged. Zhibao Technology Inc. operates in the technology sector, specifically focusing on digital health solutions.
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.