Zhibao Technology closes USD 154.7 million PIPE private placement at USD 0.35 per unit

Reuters2026/08/17 13:02

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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, 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.
Company plans to file a Form F-1 within 45 days of July 31, 2026 to register resale of shares and warrant shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhibao Technology Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608170901NEWSFILECNPR____20260817_309888_1) on August 17, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Zhibao Technology closes USD 154.7 million PIPE private placement at USD 0.35 per unit

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