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Zhibao Technology Signs Deal for Sale of Convertible Promissory Notes
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Zhibao Technology Signs Deal for Sale of Convertible Promissory Notes
Oct 3, 2024 12:44 AM

05:48 PM EDT, 09/23/2024 (MT Newswires) -- Zhibao Technology ( ZBAO ) said late Monday it signed a deal with an institutional investor for the sale of up to $8 million of senior secured 10% original issue discount convertible promissory notes.

The company said it expects gross proceeds of up to $7.2 million and plans to use the net proceeds for working capital purposes.

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