Zhibao Technology closes USD 154.7 million PIPE private placement at USD 0.35 per unit
ZBAO•Zhibao Technology closes USD 154.7 million PIPE
Zhibao Technology closed a USD 154.7 million PIPE, selling 442,000,000 units at USD 0.35 each.
- Each unit includes one Class A ordinary share and one two-year warrant exercisable at USD 0.35.
- Investors paid with 2,380 bitcoins, valued at USD 65,000 per bitcoin for the transaction.
- 395,678,152 units were delivered at closing; 46,321,848 units await shareholder approval with no additional investor payment.
- The company plans to file a Form F-1 within 45 days of July 31, 2026 to register resale of shares and warrant shares.
