[6-K] Zhibao Technology Inc. Current Report (Foreign Issuer)
Rhea-AI Filing Summary
Zhibao Technology Inc. (ZBAO) reported that Nasdaq has notified the company it is no longer in compliance with Nasdaq Listing Rule 5250(c)(1) because it has not yet filed its annual report on Form 20-F for the fiscal year ended June 30, 2025. The company has 60 calendar days from November 19, 2025 to submit a plan to regain compliance. If Nasdaq accepts this plan, Zhibao could receive up to 180 calendar days from the Form 20-F due date, or until May 13, 2026, to file the report and any subsequent required filings.
The notice does not immediately affect the listing of Zhibao’s Class A ordinary shares, which continue to trade on Nasdaq under the symbol “ZBAO”. However, if the company does not regain compliance with the reporting rule within the allowed period, its Class A ordinary shares may be subject to delisting from Nasdaq. Zhibao states that it is working diligently on the Form 20-F and intends to file it within the specified timeframe.
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Insights
Nasdaq non-compliance raises reporting and delisting risk for ZBAO.
Zhibao Technology Inc. has received a Nasdaq notice for failing to timely file its Form 20-F for the year ended June 30, 2025, triggering non-compliance with Listing Rule 5250(c)(1). The company has 60 calendar days from
The Staff will evaluate the plan based on the likelihood of completing the Form 20-F and any subsequent periodic filings within that 180-day window, as well as Zhibao’s past compliance, reasons for the delay, other corporate events, financial condition, and public disclosures. If Nasdaq does not accept the plan, the company can appeal to a Nasdaq Hearings Panel, but there is no assurance of a favorable outcome.
For now, Zhibao’s Class A ordinary shares continue to trade on Nasdaq under the symbol ZBAO, and the notice alone does not cause a delisting. The company states it is working diligently and intends to file within the specified period, while the ultimate outcome will depend on timely completion of the Form 20-F and Nasdaq’s assessment of its plan.