Zhibao Technology Inc. Announces Signing of Definitive Securities Purchase Agreement for PIPE Financing Payable in Bitcoin
Summary
Zhibao Technology announced a definitive securities purchase agreement for a PIPE financing worth $154.7 million. Investors will pay entirely in Bitcoin in exchange for new shares and warrants. The company plans to use the proceeds for general business spending, R&D, AI implementation, and its Bitcoin treasury strategy. The deal also includes a major board and leadership reshuffle that will take effect at closing.
Funding
Amount
$154.7M
Total raised
Date
July 31, 2026
Announcement date
Investors
Nasdaq
Lead investors
Company
zhibao-tech.com
Funded company
AskAI Classifications
Sectors
InsurTech
General Insurance Software
Functions
Developer and IT Infrastructure
Development Platforms
Linked Companies
Zhibao-Tech
$10M to $25M