Zhibao Technology Inc. Announces Closing of $154.7 Million PIPE Financing

Zhibao Technology Inc. Announces Closing of $154.7 Million PIPE Financing

KEY HIGHLIGHTS $154.7 Million PIPE Financing Closed: Zhibao Technology Inc. (NASDAQ: ZBAO) (“Zhibao,” “we,” or the “Company”) has closed its previously announced private investment in public equity (“PIPE”) financing for an aggregate purchase price of $154,700,000. Streamlined Unit Structure: The transaction comprises 442,000,000 PIPE Units at $0.35 per Unit (each consisting of one Class A […]

Zhibao Technology Raises $154.7M In Bitcoin-Funded PIPE, Marking A Crypto Milestone

BitcoinWorld Zhibao Technology Raises $154.7M in Bitcoin-Funded PIPE, Marking a Crypto Milestone Zhibao Technology, a China-based insurtech company listed on Nasdaq, has completed a $154.7 million private investment in public equity (PIPE) from non-U.S. investors, with the entire amount funded in 2,380 Bitcoin (BTC). The company valued the cryptocurrency at $65,000 per coin as of July 30, according to a statement. Deal Structure and Terms Under…

Zhibao Technology completes $154.7M Bitcoin-funded private placement, will hold BTC in treasury

Zhibao's Bitcoin-funded placement highlights a shift towards digital assets as strategic reserves, potentially influencing corporate treasury norms. The post Zhibao Technology completes $154.7M Bitcoin-funded private placement, will hold BTC in treasury appeared first on Crypto Briefing.