News linked to both this project and an event.
Zhibao Technology, a Nasdaq-listed digital insurance products company, announced it has signed a non-binding term sheet with Joyertech and Information OPC. The company plans to sell shares through a PIPE financing, receiving approximately 3,500 Bitcoins as consideration, valued at around $220 million at current prices. The transaction remains subject to final valuation, custody arrangements, audit verification, regulatory review, Nasdaq compliance, and the signing of a definitive agreement. According to the term sheet, upon the closing of the PIPE financing, the buyer is expected to designate a majority of the members of Zhibao's Board of Directors, while the existing management team will continue to be responsible for day-to-day operations. On July 15, Zhibao disclosed that it had received a deficiency notice from Nasdaq because its stock price had fallen below $1.00 per share. The company has 180 calendar days, until January 6, 2027, to regain compliance with Nasdaq's minimum bid price requirement of $1.00 per share.
Chinese listed company Zhibao Technology has announced the signing of a non-binding term sheet with Joyer Tech for a PIPE financing based on 3,500 Bitcoins.
According to CoinDesk, Bitcoin Standard Treasury Company (BSTR) and Cantor Equity Partners I (CEPO) announced on July 8, 2026, that both parties will no longer proceed with the transaction under the original merger agreement signed in July 2025, but will instead renegotiate new terms to better reflect the current market environment. Meanwhile, the private investment in public equity (PIPE) arrangement attached to the original merger agreement will no longer be a prerequisite condition for the completion of the transaction. CEPO's shareholder meeting originally scheduled for July 10 has been postponed indefinitely; all redemption requests previously submitted will be cancelled, and the relevant shares will be returned to investors. BSTR initially planned to list via this SPAC merger, at which time its balance sheet would hold over 30,000 Bitcoins, and intended to raise up to $1.5 billion through PIPE financing to increase Bitcoin holdings.
According to The Block, tokenization infrastructure company Securitize announced that its merger plan with Cantor Equity Partners II (CEPT) has been approved by shareholders, and the merger is expected to be completed this Wednesday. Upon completion, the company will operate under the name "Securitize Corp." and officially list on the New York Stock Exchange on July 2 with the stock ticker "SECZ". The merger raised approximately $400 million for Securitize, including an oversubscribed $225 million PIPE financing, with less than 30% of CEPT holders redeeming and over 71% of the SPAC trust funds retained.
the business combination between Securitize and SPAC Cantor Equity Partners II (NASDAQ: CEPT) is expected to raise approximately $400 million (including PIPE, before deducting related expenses). Upon completion of the merger, the new company will be renamed Securitize Corp., and its common stock is planned to begin trading on the New York Stock Exchange under the ticker "SECZ" starting July 2. The CEPT shareholder meeting is scheduled to vote on the transaction on June 29, with the current redemption rate below 30%. Securitize claims to have obtained regulatory licenses related to digital securities infrastructure in both the United States and the European Union, managing over $4 billion in on-chain real-world assets. (PR Newswire)
RBCH, the largest external shareholder of Solana digital asset treasury company Solmate Infrastructure (SLMT), has filed a lawsuit in the New York State Supreme Court against the company's current executives and directors, accusing them of breach of fiduciary duty, misleading statements, and self-dealing.RBCH is associated with Viktor Fischer, founder and CEO of RockawayX, and currently holds approximately 22.74% of the shares in Solmate's parent company, Brera Holdings. The institution led Solmate's $300 million PIPE financing in September 2025 and committed $50 million.The lawsuit alleges that the Solmate board has engaged in multiple actions detrimental to shareholder interests, including selling shares while other investors were still in a lock-up period, signing advisory agreements favoring board-related parties, and directors Ron Sade and Keren Maimon personally purchasing approximately 2.298 million Class B shares at $4.97 per share, resulting in a roughly 20% dilution for shareholders. The plaintiff claims this transaction was illegal.Fischer stated that Solmate's performance has been severely poor, currently trading at approximately a 50% discount to its net asset value, attributing the problem to poor company management and board self-dealing. Solmate currently holds approximately 2 million SOL on its books, and its share price has fallen about 78% year-to-date, making it one of the worst-performing SOL DATs. In comparison, SOL has declined about 50% over the same period.
According to CoinDesk, The Ether Machine, an Ethereum treasury company, and special purpose acquisition company (SPAC) Dynamix Corporation (ticker: DYNX), announced on Friday that they have agreed to terminate their previously planned $1.6 billion merger deal due to unfavorable market conditions. Per filings submitted to the U.S. Securities and Exchange Commission (SEC), The Ether Machine must pay Dynamix a $50 million termination fee within 15 days. The merger agreement was first disclosed in July 2025 and originally aimed to list The Ether Machine on the Nasdaq under the ticker ETHM. In terms of transaction size, the agreement included a fully committed $1.5 billion PIPE financing (reportedly the largest all-common-stock PIPE financing of its kind since 2021), along with approximately $170 million held in Dynamix’s trust account. Following the merger, the combined company was expected to hold over 400,000 ETH on its balance sheet. The Ether Machine positions itself as an Ethereum treasury and yield-generation vehicle, generating returns through staking and DeFi strategies while maintaining a large Ethereum reserve. According to CoinGecko data, the company currently holds 496,712 ETH, valued at over $1.1 billion.