Zhibao Technology (ZBAO) Announces Up to $7.2M Convertible Note Financing

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/24/2026

1. RNG
2. DECK
3. WDC
4. BYD
5. SPOT
6. WCN
7. BMY
8. TSCO
9. BE
10. SPY

Go back to Zhibao Technology (ZBAO) Announces Up to $7.2M Convertible Note Financing

Zhibao Technology Inc. Announces Up to $7.2 Million Convertible Note Financing

September 23, 2024 4:03 PM EDT

Shanghai, China--(Newsfile Corp. - September 23, 2024) - Zhibao Technology Inc.(NASDAQ: ZBAO) ("Zhibao" or the "Company"), a leading and high growth InsurTech company primarily engaged in providing digital insurance brokerage services through its operating entities in China, today announced that it has entered into a definitive securities purchase agreement with an institutional investor for the sale of senior secured 10% original issue discount convertible promissory notes (the "Notes") in the principal amount of up to $8 million, with 40% warrant coverage, to be drawn in tranches, for gross proceeds of up to $7.2 million. The Company also issued... More