Zhibao Technology Inc. Announces Reverse Share Split

Zhibao Technology (NASDAQ: ZBAO) will proceed with a 1-for-50 reverse stock split of its Class A ordinary shares following shareholder approval.

Rhea-AI Summary

Zhibao Technology (NASDAQ: ZBAO) will proceed with a 1-for-50 reverse stock split of its Class A ordinary shares following shareholder approval.

The split is expected to take effect on October 12, 2026, with post-split trading expected to begin at market open that day. Every 50 Class A ordinary shares will automatically become one share. Each shareholder's percentage ownership of outstanding Class A shares will remain unchanged, except for fractional-share adjustments. Fractional shares will be rounded up to the next whole share. Equity plans and outstanding equity awards will be proportionately adjusted; warrants and other convertible securities will be adjusted under their terms.

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-23.16% vs previous close $0.06 last price 1.7x rel. volume Open Argus

Details

Market move: ZBAO -23.16% vs previous close. 1-for-50 reverse share split

-26.2% Trough in 9 min

$0.06 – $0.09 Day Range

$31.01M Market Cap

On Oct 8, the day this news came out, the latest delayed price for ZBAO is 23.16% below the previous close. Argus tracked a trough of -26.2% from its starting point during tracking. Our momentum scanner has recorded 30 alerts for this stock so far that day. The latest delayed price is $0.06. Relative volume is above average at 1.7x the average.

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Key Figures

Reverse share split ratio: 1-for-50 Expected effective date: October 12, 2026 Class A ordinary share par value: $0.0001 to $0.005 per share

Reverse share split ratio

1-for-50

Approved by shareholders

Expected effective date

October 12, 2026

Post-split trading expected to begin at market open

Class A ordinary share par value

$0.0001 to $0.005 per share

Change upon the reverse share split

Key Terms

reverse stock split, cusip, par value

3 terms

reverse stock split financial

"1-for-50 reverse stock split"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

cusip technical

"under the same symbol “ZBAO” with the new CUSIP number"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

View in glossary

par value financial

"the par value of the Class A ordinary shares increased"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

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Shanghai, China--(Newsfile Corp. - October 8, 2026) - Zhibao Technology Inc. (NASDAQ: ZBAO) (“Zhibao” or the “Company”), today announced that it will proceed with a 1-for-50 reverse stock split (“Reverse Share Split”) of its Class A ordinary shares following approval by shareholders at an extraordinary general meeting of shareholders held on September 29, 2026.

The Reverse Share Split is expected to become effective on October 12, 2026 and the Company’s Class A ordinary shares are expected to begin trading on a post-split basis at the market open on October 12, 2026 under the same symbol “ZBAO” with the new CUSIP number G989MC114.

When the Reverse Share Split is effective, every 50 Class A ordinary shares will be combined automatically into one Class A ordinary share. As a result of the Reverse Share Split, the par value of the Class A ordinary shares increased from $0.0001 per share to $0.005 per share. The Reverse Share Split will apply equally to all Class A ordinary shares, and each shareholder will hold the same percentage of Class A ordinary shares outstanding immediately following the Reverse Share Split, except for adjustments that may result from the treatment of fractional shares. Fractional shares will be rounded up to the next whole share, and proportionate adjustments will be made to equity plans. Additionally, all equity awards outstanding immediately prior to the Reverse Share Split will be proportionately adjusted. Outstanding warrants and other convertible securities will be adjusted in accordance with the terms and conditions of such documents.

Continental Stock Transfer & Trust Co. is acting as the transfer agent for the Reverse Share Split. Shareholders holding their shares electronically in book-entry form are not required to take any action to receive post-split shares. Shareholders owning shares through a bank, broker or other nominee will have their positions adjusted to reflect the Reverse Share Split.

Additional information about the Reverse Share Split can be found in the Company’s Notice and Proxy Statement on Report on Form 6-K, which was filed with the Securities and Exchange Commission (the “SEC”) on September 9, 2026, with a filing date of September 10, 2026.

About Zhibao Technology Inc.

Zhibao Technology Inc. is a leading and high-growth InsurTech company primarily engaging in providing digital insurance brokerage services through its operating entities. 2B2C ("to-business-to-customer") digital embedded insurance is the Company's innovative business model, which Zhibao pioneered in China. Zhibao launched the first digital insurance brokerage platform in China in 2020, powered by its proprietary PaaS ("Platform as a Service"). Zhibao has developed over 40 proprietary digital insurance solutions addressing different scenarios in a wide range of industries, including travel, sports, logistics, utilities, and e-commerce. For more information, please visit: ir.zhibao-tech.com.

Forward-Looking Statements 

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "is/are likely to," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions, the receipt of shareholder approval, the satisfaction of post-closing covenants, and other factors discussed in the "Risk Factors" section of our annual reports on Form 20-F (as amended) and registration statements on Form F-1 (as amended) that have been filed or will be filed from time to time with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statements and other filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov.

Investor Relations Contact

Zhibao Technology Inc.

Investor Relations
Office

Email: ir@zhibao-tech.com

Skyline Corporate Communications Group, LLC
Scott Powell, President

Avenues Tower
1177 Avenue of the Americas, 5th floor
New York, NY 10036

Office: (646) 893-5835

Email: info@skylineccg.com

 

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/318096

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is Zhibao Technology's reverse stock split ratio and expected effective date?

Zhibao Technology's 1-for-50 reverse stock split is expected to take effect on October 12, 2026. Post-split trading of its Class A ordinary shares is expected to begin at market open that day.

Do ZBAO shareholders need to take action for the reverse stock split?

Shareholders holding shares electronically in book-entry form do not need to take action to receive post-split shares. Positions held through a bank, broker or other nominee will be adjusted to reflect the reverse stock split.