According to Newsfile, Nasdaq listed company Zhibao Technology has completed a $154.7 million PIPE financing, with investors paying in full with 2380 bitcoins. This financing will issue 442 million PIPE units at a price of $0.35 per unit, each unit containing one Class A common stock and one two-year warrant. 395.6 million units have been delivered at the time of delivery, and the remaining 46.32 million units are pending shareholder approval for delivery. Chairman Ma Botao stated that the financing will strengthen the financial foundation, accelerate the expansion of AI capabilities, and explore business synergy with investors' experience in the cryptocurrency market and Web3 infrastructure.
