Zhibao Technology Inc. Completes $6M IPO
Ticker: ZBAO · Form: 6-K · Filed: Apr 4, 2024 · CIK: 1966750
| Field | Detail |
|---|---|
| Company | Zhibao Technology Inc. (ZBAO) |
| Form Type | 6-K |
| Filed Date | Apr 4, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $4.00, $6 million |
| Sentiment | bullish |
Sentiment: bullish
Topics: ipo, financing, public-offering
TL;DR
Zhibao Tech IPO'd 1.5M shares at $4, raising $6M. Going public!
AI Summary
On April 3, 2024, Zhibao Technology Inc. completed its initial public offering (IPO) of 1,500,000 Class A ordinary shares at $4.00 per share. This transaction generated gross proceeds of $6,000,000 for the company.
Why It Matters
The successful completion of an IPO provides Zhibao Technology Inc. with capital, potentially enabling future growth and expansion. It also marks a significant milestone in the company's public market journey.
Risk Assessment
Risk Level: medium — The company is newly public, and its financial performance and market reception will be key determinants of its future success.
Key Numbers
- $6.0M — IPO Gross Proceeds (Capital raised from the initial public offering.)
- 1.5M — Shares Offered (Number of Class A ordinary shares sold in the IPO.)
- $4.00 — Price Per Share (The price at which each share was offered to the public.)
Key Players & Entities
- Zhibao Technology Inc. (company) — Registrant completing IPO
- April 3, 2024 (date) — Date of IPO completion
- 1,500,000 (number) — Number of Class A ordinary shares offered
- $4.00 (dollar_amount) — Public offering price per share
- $6,000,000 (dollar_amount) — Gross proceeds from IPO
FAQ
What are the specific use of proceeds from the IPO?
The filing does not specify the exact use of proceeds from the IPO, only that gross proceeds of $6,000,000 were generated.
What is the total number of shares outstanding after the IPO?
The filing states 1,500,000 Class A ordinary shares were sold, but does not provide the total number of shares outstanding post-IPO.
What is the company's primary business activity?
Zhibao Technology Inc. is listed under the SIC code 6411 for Insurance Agents, Brokers & Services.
Where is Zhibao Technology Inc. headquartered?
The company's principal executive offices are located in Shanghai, China.
What type of shares were offered in the IPO?
The IPO involved the sale of Class A ordinary shares.
Filing Stats: 464 words · 2 min read · ~2 pages · Grade level 9.4 · Accepted 2024-04-04 16:05:23
Key Financial Figures
- $0.0001 — ,000 Class A ordinary shares, par value $0.0001 per share (the “ Class A Shares &
- $4.00 — ”), at a public offering price of $4.00 per share, generating gross proceeds to
- $6 million — rating gross proceeds to the Company of $6 million before deducting underwriting discounts
Filing Documents
- ea0203277-6k_zhibao.htm (6-K) — 14KB
- ea020327701ex1-1_zhibao.htm (EX-1.1) — 361KB
- ea020327701ex4-1_zhibao.htm (EX-4.1) — 94KB
- ea020327701ex99-1_zhibao.htm (EX-99.1) — 12KB
- ea020327701ex99-2_zhibao.htm (EX-99.2) — 11KB
- ex99-1_001.jpg (GRAPHIC) — 7KB
- ex99-2_001.jpg (GRAPHIC) — 7KB
- 0001213900-24-030405.txt ( ) — 512KB
Financial Statements and Exhibits
Financial Statements and Exhibits. The following exhibits are being filed herewith: Exhibit No. Description 1.1 Underwriting Agreement, dated April 1, 2024, by and between the Company and EF Hutton LLC. 4.1 Representative’s Warrants, dated April 3, 2024, by and between the Company and EF Hutton LLC. 99.1 Press Release, dated April 1, 2024. 99.2 Press Release, dated April 3, 2024. 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Zhibao Technology Inc. By: /s/ Botao Ma Name: Botao Ma Title: Chief Executive Officer Date: April 4, 2024 2