Zhibao Technology Secures $15M Equity Purchase Agreement with Hudson Global Ventures

Reuters
27 Jun
Zhibao Technology Secures $15M Equity Purchase Agreement with <a href="https://laohu8.com/S/HSON">Hudson Global</a> Ventures

Zhibao Technology Inc., a Cayman Islands exempted company, has announced a significant new equity purchase agreement with Hudson Global Ventures, LLC, a Nevada limited liability company. The agreement sets up an equity line of credit facility, allowing Hudson to purchase up to $15 million of Zhibao Technology's Class A ordinary shares over a two-year period starting June 22, 2025. Under the terms, Zhibao Technology can issue Put Notices to Hudson to buy shares at a minimum of $25,000, calculated at 90% of the closing price on Nasdaq the day before the Put Date, with a maximum purchase amount of $2 million or 200% of the average daily trading value. This strategic move is aimed at enhancing the company's financial flexibility and supporting its growth initiatives.

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: 0001213900-25-058398), on June 26, 2025, and is solely responsible for the information contained therein.

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