Zhibao Technology Completes $154.7 Million PIPE Financing, Investors Pay with 2,380 BTC

Nasdaq-listed company Zhibao Technology (Ticker: ZBAO) completed a USD 154.7 million PIPE financing, with investors making full payment using 2,380 Bitcoins (valued at a benchmark price of USD 65,000 per coin as of July 30). The financing issued 442 million PIPE units at a price of USD 0.35 per unit, each unit consisting of one share of Class A ordinary stock and one two-year warrant, with an exercise price of USD 0.35 per share. 395.6 million units were delivered at closing, and the remaining 46.32 million units are to be delivered pending shareholder approval, without additional consideration.