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.
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