Zhibao Technology Inc.

Snapshot

Zhibao is a small Chinese online insurance broker that grew revenue 51% to $41.3M in FY 2025 but posted a $9.3M net loss, swinging from a profitable prior year. It holds only $587K in cash against $864K in debt, and Signal8 models about 18 months of runway.

What's Happening Right Now

• Thu 8th Oct '26 · Reverse split: Zhibao will execute a 1-for-50 reverse share split effective October 12, 2026, after shareholders approved it at a September 29, 2026 meeting.
• Mon 28th Sep '26 · AI pivot: On September 28, 2026 Zhibao signed a definitive agreement to acquire NEXSYS TECH, a newly incorporated Malaysian shell with no operating history, as a vehicle to pivot into AI computing infrastructure.
• Thu 17th Sep '26 · Offering: Raised $900K in gross proceeds through a private placement (PIPE), and a $1.00M convertible note.
• Thu 10th Sep '26 · Going concern: A September 10, 2026 F-1 filing registering up to 180% of outstanding shares for resale also disclosed substantial doubt about the company's ability to continue as a going concern and a FY2025 net loss of $8.7 million.
• Thu 10th Sep '26 · Bitcoin PIPE: Zhibao closed a $154.7 million PIPE financing on August 17, 2026, paid entirely in 2,380 Bitcoin, issuing 442 million units at $0.35 each with warrants attached, a heavily dilutive structure for a company with roughly 49 million shares previously outstanding.
• Thu 10th Sep '26 · Leadership change: On August 17, 2026 Zhibao's CEO, CFO, Chair, and three directors all departed in a same-day purge, with a new CEO and CFO installed alongside an insider-linked $15.5 million private placement.
• Thu 10th Sep '26 · Registration: Registered 809.95M shares for sale on Form S-1.
• Mon 17th Aug '26 · Offering: Raised $154.70M in gross proceeds through a private placement (PIPE), with warrants over 395.68M shares.