How many units is Zhibao Technology selling in the PIPE?

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Zhibao Technology is Selling 442,000,000 Units in the PIPE

Zhibao Technology Inc. has entered into a definitive agreement to issue and sell a total of 442,000,000 units to a group of non-U.S. investors. Each unit, referred to as a PIPE Unit, is comprised of one class A ordinary share and one warrant.
Structure of the PIPE Units

Each PIPE Unit sold in this private placement consists of two components. The first is a single class A ordinary share of Zhibao Technology. The second component is a warrant that grants the holder the right to purchase one additional Class A Ordinary Share. The exercise price for these warrants is set at $0.35 per share, and they will be exercisable for a period of two years from the closing date of the transaction.
Transaction Value and Consideration

The purchase price for each PIPE Unit is $0.35, leading to an aggregate purchase price of $154,700,000 for the entire offering. Notably, this substantial sum will be fully settled through the contribution of 2,380 Bitcoins. The valuation of these Bitcoins was determined at $65,000 per Bitcoin, referencing the prevailing market prices on July 30, 2026.
Participating Investors and Use of Proceeds

The private placement includes a range of institutional and individual investors, such as METAVERSE INTELLIGENCE TECH LTD and DYT INFO PTE. LTD., among others. Zhibao Technology intends to allocate the proceeds from this financing to various strategic initiatives. These include general operational expenditures and business development, investment in research and development with a focus on AI implementations for its InsurTech model, and the advancement of its Digital Asset Reserve strategy, which involves holding Bitcoin as a treasury asset.

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How many units is Zhibao Technology selling in the PIPE?

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