IPO - Zhibao Technology Inc.

Form Type: F-1

Filing Date: 2025-01-10

Corporate Action: Ipo

Type: New

Accession Number: 000121390025002659

Filing Summary: Zhibao Technology Inc. is filing a registration statement on Form F-1 with the U.S. Securities and Exchange Commission. The registration involves the resale of up to 32,278,481 Class A ordinary shares and associated warrants, which will be under the management of GEM Global Yield LLC and L1 Capital Global Opportunities Master Fund. The shares offered will be sold from time to time, with no proceeds going to Zhibao from these transactions. The anticipated share price is $1.58, based on previous market performance. The filing indicates that Zhibao is an emerging growth company and a foreign private issuer, allowing them to comply with reduced reporting standards. They currently hold two classes of ordinary shares, with differing voting rights. The document highlights risks of investing related to their structure as a Cayman Islands holding company operating through PRC subsidiaries, potential cybersecurity review requirements, and compliance with new PRC regulations impacting overseas offerings. The company received a cybersecurity review approval for a previous IPO and is not required to undergo this for the current offering. The last reported sale price of their shares was $1.50. Additionally, the corporate governance impacts of being a controlled company due to significant shareholding by its CEO are noted.

Document Link: View Document

Form Type: CORRESP

Filing Date: 2024-11-20

Corporate Action: Ipo

Type: Update

Accession Number: 000121390024100540

Filing Summary: Zhibao Technology Inc. is requesting the acceleration of the effectiveness of its Registration Statement on Form F-1, which was initially filed on September 30, 2024, under File No. 333-282423. The company aims for the registration statement to become effective on November 22, 2024, at 4:00 p.m. Eastern Time, or as soon thereafter as practicable. This request is made in accordance with Rule 461 under the Securities Act of 1933.

Document Link: View Document