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Zhibao Technology sets 1-for-50 reverse split

The split also raises Class A par value to $0.005 per share and proportionately adjusts specified equity awards, conversion terms and plan reserves.

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Form Type
6-K

Rhea-AI Filing Summary

Zhibao Technology Inc. reported that shareholders approved a 1-for-50 reverse split of its Class A ordinary shares. The report states the split will become effective October 9, 2026, with split-adjusted trading beginning October 12; its accompanying press release instead says the split is expected to become effective October 12. The stated condition was met after the September 29 closing bid price of $0.0805 fell below the $0.12 threshold.

The split raises par value from $0.0001 to $0.005 per share. Fractional shares will be rounded up, and specified equity awards, conversion terms, and plan reserves will be adjusted proportionately. The press release says shareholders will retain the same percentage ownership immediately after the split, except for adjustments resulting from fractional-share treatment.

Insights

Analyzing...

Reverse split ratio 1-for-50 Class A ordinary shares
Closing bid price $0.0805 per share September 29, 2026
Closing bid price condition Below $0.12 per share Condition for effecting the reverse split
Class A ordinary share par value before split $0.0001 per share Before the reverse split
Class A ordinary share par value after split $0.005 per share After the reverse split
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.
conversion floor prices financial
"including any conversion floor prices"
book-entry form technical
"holding their shares electronically in book-entry form"
A book-entry form is an electronic record showing ownership of securities instead of a paper certificate; think of it like a bank account ledger that notes who owns shares. It matters to investors because it makes buying, selling and transferring securities faster, safer and cheaper by reducing paperwork, loss or forgery risk, and enabling easier settlement through brokers or a central depository.
split-adjusted basis technical
"begin trading on a split-adjusted basis"
An adjustment to historical share prices and share counts that reflects past stock splits or reverse splits so that old data lines up with the current number of shares. Think of it like resizing an old photograph so it matches a new frame: it keeps price charts, returns and per‑share metrics comparable over time, which matters to investors who need accurate performance, valuation and trend analysis.
Split Ratio 1-for-50 reverse split
Effective Date October 9, 2026

FAQ

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

What is ZBAO's reverse split ratio?

Zhibao's Class A ordinary shares will be combined at a 1-for-50 ratio, so every 50 shares become one share. Fractional shares resulting from the split will be rounded up to the nearest whole share.

When does the ZBAO reverse split take effect?

The report states that the split will become effective on October 9, 2026, and split-adjusted trading will begin October 12, 2026. The accompanying press release says the split is expected to become effective October 12, 2026, and that trading is expected to begin that day.

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

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

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of October 2026

 

Commission File Number: 001-42000

 

Zhibao Technology Inc.

(Translation of registrant’s name into English)

 

Floor 3, Building 6, Wuxing Road, Lane 727

Pudong New Area, Shanghai, China, 201204

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

☒ Form 20-F       ☐ Form 40-F

 

 

 

 
 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

Amendment to Charter

 

As previously announced, on September 29, 2026, the Company held its extraordinary general meeting of shareholders (the “EGM”), at which the Company’s shareholders approved a proposal to amend the Company’s Amended and Restated Memorandum and Articles of Association (as amended, the “Charter”) to effect a reverse share split of its issued and outstanding Class A ordinary shares, par value $0.0001 per share, at a ratio at one-for-fifty (the “Reverse Share Split”), subject to certain conditions including the closing bid price on any trading day of the Company’s Class A ordinary shares listed on Nasdaq Capital Market being below US$0.12 per share.

 

On September 29, 2026, the closing bid price of the Class A ordinary shares was $0.0805. Accordingly, the conditions for effecting the Reverse Share Split have been met. On October 9, 2026, the Company expects to file with the Company Registrar of the Cayman Islands a Charter to effect the Reverse Share Split. The Reverse Share Split will become effective on October 9, 2026, and the Company’s Class A ordinary shares will begin trading on a split-adjusted basis when the market opens on October 12, 2026.

 

When the Reverse Share Split becomes effective, every fifty (50) issued and outstanding Class A ordinary shares of the Company will automatically be converted into one Class A ordinary share, without any change in the par value per share. In addition, (i) a proportionate adjustment will be made to the per share exercise price and the number of Class A ordinary shares issuable upon the exercise of all outstanding convertible notes, stock options and warrants, to purchase or exercise for Class A ordinary shares, to the extent that the exercise price of such warrants is not based solely on the market price of the Class A ordinary shares at the time of exercise, (ii) a proportionate adjustment will be made to any fixed conversion prices for other convertible securities of the Company, including any conversion floor prices and (iii) the number of shares reserved for issuance pursuant to the Company’s incentive equity plan, as amended, will also be reduced proportionately. Any fraction of a Class A ordinary share that would be created as a result of the Reverse Share Split will be rounded up to the nearest whole share. In addition, the par value of the Class A ordinary share will increase from $0.0001 per share to $0.005 per share.

 

The Company’s Class A ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol “ZBAO.” The new CUSIP number for Class A ordinary shares following the Reverse Share Split will be G989MC114.

 

For more information about the Reverse Share Split, see the Company’s Notice and Proxy Statement on Report on Form 6-K, which was filed and accepted by the Securities and Exchange Commission (the “SEC”) on September 9, 2026, with a filing date of September 10, 2026, and mailed to the Company’s shareholders on or about September 14, 2026, the relevant portions of which are incorporated herein by reference. A copy of the form of the Charter is attached as Exhibit 3.1 hereto and incorporated herein by reference.

 

Press Release

 

On October 8, 2026, the Company issued a press release announcing the Reverse Share Split. The press release is furnished as Exhibit 99.1 and incorporated by reference herein.

 

Exhibits.

 

Exhibit No.   Description
3.1   Form of Amended and Restated Memorandum and Articles of Association
99.1   Press Release dated October 8, 2026

 

1
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  Zhibao Technology Inc.
     
Date: October 8, 2026 By: /s/ Jinmei Guo Hellstrom
  Name:  Jinmei Guo Hellstrom
  Title: Chief Executive Officer

 

2

 

Exhibit 99.1

 

Zhibao Technology Inc. announces reverse share split

 

Shanghai, China, October 8, 2026 (GLOBE NEWSWIRE) – 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

 

Filing Exhibits & Attachments

2 documents

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