Zhibao Technology signs term sheet for PIPE financing with 3,500 bitcoin consideration
ZBAO•Proposed PIPE financing terms
Zhibao Technology signed a non-binding term sheet for a proposed PIPE financing with JOYERTECH AND INFORMATION OPC.
The consideration is expected to include about 3,500 bitcoin, subject to final valuation, custody, audit verification, regulatory review and Nasdaq compliance.
Potential board control change
If the transaction closes, the buyer would be able to designate a majority of the board, while Zhibao’s existing operations would continue under current management.
