Zhibao Technology Inc. (ZBAO) Form 6-K — Sep 9, 2026
Zhibao Technology Inc. has called an extraordinary general meeting for September 29, 2026, where shareholders will vote on a 50-for-1 share consolidation that takes effect on the 15th trading day after the stock's Nasdaq closing bid falls below US$0.12. The company frames the consolidation as necessary to defend its Nasdaq listing, which requires a minimum closing bid of US$1.00 per share. Shareholders are also being asked to quadruple the authorized share capital from US$50,000 across 500 million shares to US$200,000 across 2 billion shares, creating 1.5 billion new Class A shares.
Key figures
- Shares Outstanding
- 449264625
- Egm date
- 2026-09-29
- Record date
- 2026-09-01
- Reverse split ratio
- 1:50
- Class b votes per share
- 20
- Current authorized shares
- 500000000
- Class b shares outstanding
- 0
- New class a shares created
- 1500000000
- Nasdaq minimum bid requirement
- US$1.00
- Consolidation trigger bid price
- US$0.12
- Post increase authorized shares
- 2000000000
- Post consolidation authorized shares
- 40000000
- Class a shares outstanding record date
- 449264625
AI analysis
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