Zhibao Plans $220M PIPE Paid in Bitcoin; Investor Could Take Board Majority
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Zhibao Technology's proposed PIPE would exchange equity for ~3,500 BTC (~$220M), signaling continued corporate willingness to use Bitcoin as transaction currency and treasury consideration. While nonbinding and contingent on valuation, custody, audits, regulatory and Nasdaq compliance, the deal highlights incremental institutional demand narratives. The attached governance shift and Nasdaq deficiency context raise execution risk and could amplify volatility around deal milestones.
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⚠️ AI سے تیار کردہ تجزیاتی سمجھ خبروں کے مواد پر مبنی ہے اور صرف معلوماتی مقاصد کے لیے فراہم کی گئی ہے۔ یہ سرمایہ کاری کا مشورہ نہیں ہے اور نہ ہی BingX کے خیالات کی نمائندگی کرتی ہے۔ سرمایہ کاری میں رسک شامل ہے۔ براہ کرم ذمہ داری سے ٹریڈ کریں۔
Odaily Planet Daily reports that Nasdaq-listed digital insurance products provider Zhibao Technology has signed a non-binding term sheet with Joyertech and Information OPC for a PIPE financing. Under the proposed deal, Zhibao would sell shares and receive roughly 3,500 bitcoins as consideration, valued at about $220 million at current prices.
The transaction remains subject to final valuation, custody arrangements, audit verification, regulatory review, Nasdaq compliance, and the execution of definitive agreements.
The term sheet also states that once the PIPE closes, the investor is expected to name a majority of Zhibao's board members, while the current management team would continue running day-to-day operations.
On July 15, Zhibao said it had received a Nasdaq deficiency notice after its share price fell below $1.00. The company has 180 calendar days to regain compliance with Nasdaq's $1.00 minimum bid price requirement, with the deadline set for January 6, 2027.
