Zhibao Technology Inc. Terminates $50 Million Share Subscription Agreement

Zhibao Technology Inc. Class A ( (ZBAO) ) has shared an announcement.

Zhibao Technology Inc. announced the termination of its material agreements with GEM Global Yield LLC SCS and GEM Yield Bahamas Limited, which were initially set up to facilitate a share subscription facility worth up to $50 million. The termination, effective March 11, 2025, includes the cancellation of a warrant to purchase 467,800 ordinary shares, and no shares had been issued under these agreements as of the report date.

More about Zhibao Technology Inc. Class A

Zhibao Technology Inc. operates in the technology sector, focusing on developing and providing innovative technological solutions. The company is based in Shanghai, China, and engages in activities that involve the issuance and management of ordinary shares.

YTD Price Performance: -21.88%

Average Trading Volume: 36,524

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $38.77M

See more data about ZBAO stock on TipRanks’ Stock Analysis page.