Zhibao Technology signs term sheet for PIPE share subscription backed by 3,500 bitcoins

Reuters2026/07/22 16:31

By:Reuters

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Zhibao Technology signed a non-binding term sheet for a proposed PIPE in which the investor would subscribe for securities.
Consideration is expected to include about 3,500 bitcoin, subject to final valuation, custody arrangements, audit verification, regulatory review, Nasdaq compliance.
The investor is expected to designate a majority of the board at closing, while legacy operations continue under the current management team.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhibao Technology Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-080291), on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Zhibao Technology signs term sheet for PIPE share subscription backed by 3,500 bitcoins

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