Zhibao Technology Inc. Secures Financing Agreement

TL;DR

Zhibao Tech just inked a loan deal with an institutional investor on 9/23.

AI Summary

On September 23, 2024, Zhibao Technology Inc. entered into a securities purchase agreement with an institutional investor for an aggregate principal amount of loans. The company is incorporated in China and its principal executive offices are located in Shanghai.

Why It Matters

This financing agreement indicates Zhibao Technology Inc. is securing capital, which could support its operations or growth initiatives.

Risk Assessment

Risk Level: medium — The filing indicates a financing agreement, but the specific terms and the financial health of the company are not fully detailed, introducing some uncertainty.

Key Players & Entities

• Zhibao Technology Inc. (company) — Registrant
• September 23, 2024 (date) — Date of Securities Purchase Agreement
• institutional investor (company) — Counterparty in financing agreement

FAQ

Key Financial Figures

• $8.0 million — an aggregate principal amount of up to $8.0 million under three tranches (the “Financ
• $675,000 — st Tranche”), the Investor funded $675,000 (net of original issue discount of 10%)
• $900,000 — t closing of the First Tranche, another $900,000 upon the execution of a duly executed d
• $2,500,000 — o consummate an additional financing of $2,500,000 in the second tranche after 120 days fo
• $3,000,000 — tranche financing of aggregate of up to $3,000,000, upon the mutual consent of the Investo
• $4.71 — Shares at an initial exercise price of $4.71 per Ordinary Share, subject to certain
• $0.0001 — y Shares at a nominal exercise price of $0.0001 per Ordinary Share, subject to certain
• $4 — Ordinary Shares at conversion price of $4.71, subject to certain adjustments (the
• $0.7616 — ersion Price shall not be reduced below $0.7616 (the “Floor Price”). The No
• $47,250 — sing of First Tranche, the Company paid $47,250 (representing 7% of gross proceeds) to

Filing Documents

• ea0215229-6k_zhibao.htm (6-K) — 30KB
• ea021522901ex4-1_zhibao.htm (EX-4.1) — 209KB
• ea021522901ex4-2_zhibao.htm (EX-4.2) — 102KB
• ea021522901ex4-3_zhibao.htm (EX-4.3) — 83KB
• ea021522901ex10-1_zhibao.htm (EX-10.1) — 299KB
• ea021522901ex10-2_zhibao.htm (EX-10.2) — 225KB
• ea021522901ex10-3_zhibao.htm (EX-10.3) — 85KB
• ea021522901ex10-4_zhibao.htm (EX-10.4) — 56KB
• ea021522901ex99-1_zhibao.htm (EX-99.1) — 10KB
• 0001213900-24-081041.txt ( ) — 1102KB

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Exhibit 4.1* Form of Convertible Promissory Note 4.2* Form of Class A Ordinary Shares Purchase Warrant 4.3* Form of Pre-funded Class A Ordinary Shares Purchase Warrant 10.1* Form of Securities Purchase Agreement, dated as of September 23, 2024, by and between the Investor and Company 10.2* Form of Security Agreement, dated as of September 23, 2024, by and between the Investor and Company 10.3* Form of Guarantee Agreement, dated as of September 23, 2024, by and between the Investor and Company 10.4* Form of Registration Rights Agreement, dated September 23, 2024, by and between the Investor and Company 99.1* Press Release, dated September 23, 2024 * Certain exhibits and schedules have been omitted in accordance with Item 601(a)(5) of Regulation S-K. The registrant agrees to furnish supplementally a copy of any omitted exhibit or schedule to the Commission upon its request. 3

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 hereunto duly authorized. Zhibao Technology Inc. Date: September 23, 2024 By: /s/ Botao Ma Name: Botao Ma Title: Chief Executive Officer 4

View Full Filing

View this 6-K filing on SEC EDGAR