ShareholdingJun 1, 2026, 06:07 AM
Zhibao Technology Details Share Issuances and Dual-Class Reclassification
AI Summary
Zhibao Technology Inc. filed Amendment No. 2 to its F-1 registration statement, primarily updating information on indemnification of directors and officers and detailing recent sales of unregistered securities. The filing outlines a series of corporate actions from 2023 to 2026, including the adoption of a dual-class share structure with Class A and Class B ordinary shares, and various issuances of shares, convertible notes, and warrants to investors like L1 and Hudson. As of April 20, 2026, the company reported 34,061,692 ordinary shares outstanding.
Key Highlights
- Zhibao Technology Inc. filed Amendment No. 2 to its F-1 registration statement, updating indemnification and recent unregistered securities sales.
- Company adopted a dual-class share structure on December 12, 2023, reclassifying shares into Class A (1 vote) and Class B (20 votes).
- Initial reclassification resulted in 494,394,436 Class A and 5,605,564 Class B ordinary shares.
- Authorized share capital was further adjusted on February 4, 2024, to 450,000,000 Class A and 50,000,000 Class B shares.
- Issued 20,000,000 Class A ordinary shares pro rata to existing shareholders on February 4, 2024.
- Issued various convertible notes, warrants, and Class A ordinary shares to L1 and Hudson between September 2024 and March 2026.
- Issued 153,846 Class A shares for consulting services on October 16, 2025.
- As of April 20, 2026, 34,061,692 ordinary shares were outstanding, comprising 16,816,692 Class B and 17,245,000 Class A shares.
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