According to TMX Newsfile, the US-listed company Zhibao Technology (NASDAQ: ZBAO) announced that it has signed a non-binding term sheet with JOYERTECH AND INFORMATION OPC for a proposed PIPE financing transaction. Under the agreement, the buyer or its designated entity intends to subscribe to the company’s securities, with consideration expected to include approximately 3,500 Bitcoins. The transaction is subject to the completion of legal, financial, and operational due diligence, the signing of a definitive agreement, as well as company and regulatory approvals and Nasdaq compliance review. Upon completion of the transaction, the buyer is expected to nominate a majority of the board members. The company’s existing InsurTech business will continue to be managed by the current management team for daily operations until it is divested, restructured, or spun off. https://(wublock123.com)/news/zhibao-technology-pipe-raise-3500-bitcoin-65109