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Stock impact report

Zhibao Technology Inc Announces Financial Results for the Fiscal Year Ended June 30, 2024 [Yahoo! Finance]

Zhibao Technology Inc. - Class A Ordinary Shares (ZBAO) 
Company Research Source: Yahoo! Finance
InsurTech company primarily engaged in providing digital insurance brokerage services through its operating entities in China, today announced its financial results for the fiscal year ended June 30, 2024. Recent Developments On April 3, 2024, the Company closed its initial public offering ("Offering") of 1,500,000 Class A ordinary shares at a public offering price of $4.00 per share for aggregate gross proceeds of $6,000,000, before deducting underwriting discounts and offering expenses. The Class A ordinary shares began trading on the Nasdaq Capital Market on April 2, 2024 under the symbol "ZBAO." On May 15, 2024, the Company issued an additional 23,765 Class A ordinary shares pursuant to the partial exercise of the underwriters' over-allotment option in connection with the Company's Offering at $4.00 per share, resulting in additional gross proceeds of $95,060. Financial and Operational Summary for the Fiscal Year Ended June 30, 2024 Revenues increased by approximately RM Show less Read more
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