Zhibao Technology Inc. Class A (ZBAO) has released an update.
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Zhibao Technology Inc. has engaged EF Hutton LLC as the representative of underwriters for a new stock offering, consisting of 1,500,000 Class A ordinary shares, priced at $3.72 each. The company also provides an over-allotment option for up to an additional 225,000 shares to cover over-allotments and will issue warrants for the representative as additional compensation. The offering aims to expand market presence and raise capital, with the terms indicating a confident outlook for the company’s growth.
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