Topic: #deals
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Zhibao Technology Signs $154.7M PIPE in Bitcoin From 10 Investors
Nasdaq-listed Chinese insurtech Zhibao Technology agreed to sell 442 million units for $154.7 million in Bitcoin, granting investors control of the board and executive roles if the deal closes within 12 business days—though key shareholder approvals and regulatory clearances remain pending.
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DAAQ delays Old Glory Bank merger vote to August 14 amid capital crisis
Digital Asset Acquisition Corp. postponed its shareholder vote on merging with Old Glory Bank's parent company to August 14, disclosing no reason for the delay and leaving the deal's $50 million cash requirement unresolved as the bank remains severely undercapitalized.
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KOR Protocol raises $7.5M Series A from 1kx, Blockchain Capital
KOR Protocol, an onchain creative asset clearinghouse built on Coinbase's Layer 2, raised $7.5 million in Series A funding from 1kx and Blockchain Capital. The platform has surpassed $2 million in gross revenue and counts over 1,000 partners including Black Mirror and Beatport.