Zhibao Technology Secures Up to $8.0M Financing
Ticker: ZBAO · Form: 6-K · Filed: Oct 2, 2024 · CIK: 1966750
| Field | Detail |
|---|---|
| Company | Zhibao Technology Inc. (ZBAO) |
| Form Type | 6-K |
| Filed Date | Oct 2, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $8.0 million, $2,500,000, $4.71, $0.0001, $675,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financing, debt, foreign-private-issuer
TL;DR
Zhibao Tech lands up to $8M loan from institutional investor.
AI Summary
Zhibao Technology Inc. announced on October 2, 2024, that it entered into a securities purchase agreement with an institutional investor for loans totaling up to $8.0 million. This financing was previously disclosed in a Form 6-K filing on September 23, 2024.
Why It Matters
This financing provides Zhibao Technology with capital, potentially supporting its operations and growth initiatives.
Risk Assessment
Risk Level: medium — The company is seeking significant financing, which can indicate potential financial needs or growth opportunities, carrying inherent risks.
Key Numbers
- $8.0M — Financing Amount (Aggregate principal amount of loans available under the securities purchase agreement.)
Key Players & Entities
- Zhibao Technology Inc. (company) — Registrant
- $8.0 million (dollar_amount) — Aggregate principal amount of loans
- September 23, 2024 (date) — Date of previous disclosure
- October 2, 2024 (date) — Filing date
FAQ
What is the purpose of the $8.0 million financing?
The filing does not specify the exact purpose of the financing, but it is intended to provide capital to Zhibao Technology Inc.
Who is the institutional investor providing the funds?
The filing refers to the investor only as 'an institutional investor' and does not disclose their specific name.
When was the securities purchase agreement initially disclosed?
The securities purchase agreement was previously disclosed on a Form 6-K filed on September 23, 2024.
What is Zhibao Technology Inc.'s primary business?
Zhibao Technology Inc. is classified under 'INSURANCE AGENTS BROKERS & SERVICES' with SIC code 6411.
Where is Zhibao Technology Inc. headquartered?
Zhibao Technology Inc.'s principal executive offices are located at Floor 3, Building 6, Wuxing Road, Lane 727 Pudong New Area, Shanghai, China, 201204.
Filing Stats: 656 words · 3 min read · ~2 pages · Grade level 14 · Accepted 2024-10-02 06:09:40
Key Financial Figures
- $8.0 million — an aggregate principal amount of up to $8.0 million under three tranches (the “Financ
- $2,500,000 — the aggregate principal amount of up to $2,500,000 (the “Note”), (B) a warrant
- $4.71 — rdquo;) 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
- $675,000 — Note). In return, the Company received $675,000 (net of original issue discount of 10%)
- $4.47 — Shares at an initial exercise price of $4.47 per Ordinary Share, subject to certain
Filing Documents
- ea0216416-6k_zhibao.htm (6-K) — 21KB
- ea021641601ex4-1_zhibao.htm (EX-4.1) — 102KB
- 0001213900-24-084292.txt ( ) — 124KB
Financial Statements and Exhibits
Financial Statements and Exhibits. Exhibits. Exhibit Number Exhibit 4.1*+ Form of Class A Ordinary Shares Purchase Warrant * Filed herewith. + 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. 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 hereunto duly authorized. Zhibao Technology Inc. Date: October 2, 2024 By: /s/ Botao Ma Name: Botao Ma Title: Chief Executive Officer 2