ZBAO$0.2648+1.85%
Zhibao Technology Inc.
Sector: Insurance Agents, Brokers & ServiceIndustry: Insurance - BrokersCountry: CNExchange: Nasdaq
Mkt Cap:$2.38M
Float & O/S:
Inst Own:
DilutionScan read 62 of Zhibao Technology Inc.'s SEC filings and found 12 warrant series, 5 convertibles, 2 equity lines, 1 shelf registration, 6 S-1 registrations and 6 completed offerings on file for ZBAO. The latest dilution event on file is an offering on Sep 17, 2026. Analysis updated Oct 14, 2026.
Signal8 Summary
ZBAO
Going-concern warning with massive dilution overhang
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
- : Zhibao will execute a 1-for-50 reverse share split effective October 12, 2026, after shareholders approved it at a September 29, 2026 meeting.
- : 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.
- : Raised $900K in gross proceeds through a private placement (PIPE), and a $1.00M convertible note.
- : 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.
- : 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.
- : 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.
- : Registered 809.95M shares for sale on Form S-1.
- : Raised $154.70M in gross proceeds through a private placement (PIPE), with warrants over 395.68M shares.
