Zhibao Technology Inc. Financial Report: Key Agreements & Growth Opportunities Revealed

Here are the key insights extracted from the financial report (Form 6-K) of Zhibao Technology Inc. dated December 20, 2024:

Company Overview:

• Name: Zhibao Technology Inc.
• Incorporation: Cayman Islands exempted company.
• Address: Floor 3, Building 6, Wuxing Road, Lane 727, Pudong New Area, Shanghai, China, 201204.

Key Financial Agreements:

1. Share Purchase Agreement:

• Date Signed: December 16, 2024.
• Parties Involved: Zhibao Technology Inc., GEM Global Yield LLC SCS, and GEM Yield Bahamas Limited.
• Investment Amount: Up to $50,000,000 to purchase Class A ordinary shares.
• Investment Period: Three years from December 16, 2024.
• Purchase Mechanism: GEM can buy shares up to 700% of the average daily trading volume for the preceding 30 trading days.
• Pricing: GEM will pay 90% of the average market closing price during a designated pricing period.

2. GEM Warrant:

• Issued to: GEM Yield Bahamas Limited.
• Quantity: Right to purchase 467,800 Ordinary Shares.
• Exercise Price: $3.95 per Ordinary Share, subject to adjustments.
• Term: 36 months.

3. Registration Rights Agreement:

• Zhibao must file a registration statement with the SEC by 30 days post-agreement to register shares for resale to GEM and GYBL.

4. Investor Waiver Agreement:

• This was signed on the same date (December 16, 2024) with a Noteholder in relation to a previous securities purchase agreement.
• Warrants Issued: 240,000 Ordinary Shares to Noteholder at an exercise price of $2.8144 per share.

Regulatory Compliance:

• The agreements are structured to comply with the Securities Act of 1933, particularly relying on exemptions under Sections 4(a)(2) and Regulation D.

Additional Notes:

• The report indicates that the agreements contain customary representations and warranties, along with conditions for future transactions.
• The document outlines specific rights and obligations related to the issuance of shares and the conditions under which they may be adjusted or exercised.

Filing Information:

• Commission File Number: 001-42000.
• Filing Date: December 20, 2024.

This report provides critical insights into Zhibao Technology Inc.'s capital raising activities and strategic partnerships, reflecting both potential growth opportunities and obligations stemming from the agreements made.