Welcome to our dedicated page for Zhibao Tech SEC filings (Ticker: ZBAO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Zhibao Technology Inc. (NASDAQ: ZBAO) SEC filings page on Stock Titan provides access to the company’s Form 20-F annual reports, Form 6-K current reports and related registration statements and exhibits filed with the U.S. Securities and Exchange Commission. As a foreign private issuer and InsurTech company focused on digital insurance brokerage in China, Zhibao uses these filings to disclose details about its business model, financial condition, risk factors, internal controls and capital structure.
Through Zhibao’s 6-K filings, investors can review corporate governance and management changes, such as the appointment or role changes of executives, employment agreement terms at subsidiaries like Sunshine Insurance Broker and Zhibao China, and the creation of new positions including Chief Operating Officer and Chief Actuary. These reports also describe auditor changes, including the dismissal of a former independent registered public accounting firm, the appointment of a new firm, and references to previously disclosed material weaknesses in internal control over financial reporting.
Filings further cover capital markets and financing arrangements, including the Equity Purchase Agreement with Hudson Global Ventures, LLC that establishes an equity line of credit facility, the related Registration Rights Agreement, and the Financing Consulting Agreement tied to that facility. Disclosures explain the structure of these arrangements, such as aggregate limits, pricing mechanisms based on market prices and trading volumes, and the issuance of commitment and consulting shares.
Regulatory and listing matters appear in 6-Ks that discuss Nasdaq deficiency notices related to delays in filing Form 20-F, the timelines for submitting compliance plans, potential exception periods and the continued trading of ZBAO’s Class A ordinary shares during the review process. These documents help investors understand the company’s interaction with exchange listing standards.
On Stock Titan, ZBAO filings are paired with AI-powered summaries that highlight key points from lengthy documents, such as changes in auditors, new financing facilities, governance updates and risk disclosures. Real-time updates from EDGAR ensure that new 6-Ks, 20-Fs and registration statements are added as they are filed, while structured views of exhibits make it easier to locate specific agreements and letters, including auditor correspondence required under Item 16F of Form 20-F.
On 22 June 2025 Zhibao Technology Inc. ("ZBAO") executed a US$15 million Equity Purchase Agreement (ELOC) with Hudson Global Ventures. The two-year facility allows the company to issue multiple “Put Notices” directing Hudson to buy Class A ordinary shares. Each draw must be at least US$25,000 and may not exceed the lesser of US$2 million or 200 % of recent average trading value. Hudson will pay the lower of (i) 90 % of the prior-day close (Initial Purchase Price) or (ii) 90 % of the 3-day average closing price following share delivery (Market Price). A 4.99 % ownership cap limits any single purchase but not cumulative dilution.
Up-front consideration. ZBAO will immediately issue 140,000 commitment shares and may owe additional “make-whole” shares if the stock trades below the signing-day price at the six-month/registration measurement date. The company also signed a Registration Rights Agreement obligating it to file a resale registration statement within 180 days and seek effectiveness within 210 days.
Consulting Agreement. A separate April 2025 arrangement grants a consultant 153,846 shares plus 10 % of cash proceeds from any financing the consultant introduces, including this ELOC.
Investor implications. The ELOC provides flexible, non-debt liquidity without fixed interest expense, but it comes at a 10 % pricing discount and sizeable share issuances that could exert downward pressure on the share price. The additional consultant compensation compounds dilution. No financial results were disclosed in this Form 6-K.