Zhibao Technology Inc. (ZBAO) lowers note Floor Price to $0.22
Rhea-AI Filing Summary
Zhibao Technology Inc. amended its senior secured convertible notes held by 3i, LP, changing the definition of the Floor Price from $0.30 to $0.22 for notes issued on April 10, 2026 and June 5, 2026. All other terms of the notes remain in effect.
The company also includes cautionary language regarding forward-looking statements, noting that actual results may differ due to factors such as business development, financial condition, valuation changes, expenditures, and global economic conditions, and refers readers to its Form 20-F, other Form 6-K reports, and additional documents filed with the SEC for further risk information.
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Negative
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Filing Explained
As a Form 6-K, this report furnishes interim material information and is incorporated by reference into the company’s Form S-8 registration statement and amended Form F-1 registration statement, so the disclosure becomes part of those registration records unless later filings supersede it.
Key Figures
Revised Floor Price: $0.22
Prior Floor Price: $0.30
Amendment Date: August 5, 2026
+1 more
4 metrics
Revised Floor Price
$0.22
Amended Floor Price in senior secured convertible notes with 3i, LP
Prior Floor Price
$0.30
Original Floor Price in senior secured convertible notes before the amendment
Amendment Date
August 5, 2026
Date Zhibao Technology Inc. and 3i, LP entered into the Amendment
Note Issue Dates
April 10, 2026; June 5, 2026
Original issuance dates of the senior secured convertible notes affected
Key Terms
Senior Secured Convertible Notes, Floor Price, forward-looking statements, foreign private issuer
4 terms
Senior Secured Convertible Notes financial
"Amendment to the Senior Secured Convertible Notes on August 5, 2026"
A senior secured convertible note is a loan a company issues that sits near the top of its repayment order (senior), is backed by specific assets as collateral (secured), and can be swapped into company shares later (convertible). For investors this matters because it combines lower risk of repayment and legal protection from the collateral with the upside of converting into equity—so it affects both the safety of debt holders and potential dilution for shareholders.
Floor Price financial
"the definition of "Floor Price" was amended from $0.30 to $0.22"
The floor price is the minimum price at which a security, asset, or offering will be sold or accepted, acting like a seller’s “bottom line” or a reserve in an auction. For investors it matters because it sets a visible downside limit and can influence trading, valuation, and expectations of risk—like knowing there’s a safety net that a sale won’t go below a set level.
forward-looking statements regulatory
"This Form 6-K includes forward-looking statements within the meaning of Section 27A"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
foreign private issuer regulatory
"FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER pursuant to Rule 13a-16"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What change did Zhibao Technology (ZBAO) make to its convertible notes?
Zhibao Technology amended its senior secured convertible notes with 3i, LP by reducing the defined Floor Price from $0.30 to $0.22. The amendment applies to notes issued on April 10, 2026 and June 5, 2026, with all other note terms unchanged.
Who is 3i, LP in relation to Zhibao Technology (ZBAO)?
3i, LP is the investor holding Zhibao Technology’s senior secured convertible notes affected by this amendment. On August 5, 2026, Zhibao Technology and 3i, LP agreed to revise the Floor Price in those notes while keeping all other provisions in full force and effect.
When was the amendment to Zhibao Technology's (ZBAO) notes signed?
The amendment to Zhibao Technology’s senior secured convertible notes was entered into on August 5, 2026. It modifies the Floor Price for notes originally issued on April 10, 2026 and June 5, 2026, without altering any other contractual terms of those notes.
Did the amendment change any other terms of Zhibao Technology's (ZBAO) notes?
No. The amendment only updates the Floor Price definition from $0.30 to $0.22. The company states that, aside from this specific pricing change, all remaining terms and conditions of the senior secured convertible notes with 3i, LP remain in full force and effect.
How does Zhibao Technology (ZBAO) describe forward-looking statements in this report?
Zhibao Technology explains that the report contains forward-looking statements under Sections 27A and 21E, which involve risks and uncertainties. It notes results could differ due to business, financial, valuation, spending, and global conditions, and points to its Form 20-F and other SEC reports for detailed risks.