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Zhibao Technology Inc. Class A ( (ZBAO) ) has shared an announcement.
Zhibao Technology Inc. has issued a warrant to GEM Yield Bahamas Limited, allowing them to purchase up to 467,800 Class A ordinary shares at an exercise price of $3.95 per share. The warrant is set to expire on December 16, 2027, and includes a price adjustment feature if the average closing price of shares falls below a specified threshold. This issuance is a strategic financial maneuver that enhances the company’s capital structure and could potentially impact its market valuation and attractiveness to investors.
More about Zhibao Technology Inc. Class A
Zhibao Technology Inc. is a company incorporated under the laws of the Cayman Islands and operates with its registered office in Shanghai, China. It is involved in the issuance of securities and financial instruments, specifically offering warrants to purchase Class A ordinary shares.
YTD Price Performance: -49.73%
Average Trading Volume: 229,311
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $58.63M
Learn more about ZBAO stock on TipRanks’ Stock Analysis page.
