Senmiao Technology Announces $2.8 Million Registered Direct Offering
Rhea-AI Summary
Senmiao Technology (Nasdaq: AIHS) announced a registered direct offering to issue 1,350,000 shares of common stock and pre-funded warrants to purchase 905,000 shares at a purchase price of $1.26 per share, for aggregate gross proceeds of approximately $2.8 million. The company also agreed to issue, in a separate private placement, warrants to purchase up to 4,510,000 shares exercisable at $1.26 for 5.5 years, subject to stockholder approval.
The closing of the share sale is expected on or about November 17, 2025, and a special meeting to obtain the required stockholder approval will be held within 45 calendar days after closing. Proceeds are intended for general corporate purposes and working capital. The shares are offered under a Form S-3 shelf registration; the warrants will be offered in a private placement exempt from registration.
Positive
- Raised approximately $2.8 million in gross proceeds
- Offering priced at a fixed $1.26 per share/exercise
Negative
- Potential dilution from 4,510,000 Warrant Shares if issued and exercised
- Warrants require stockholder approval, adding timing and execution risk
News Market Reaction
On the day this news was published, AIHS declined 1.60%, reflecting a mild negative market reaction. Argus tracked a trough of -21.3% from its starting point during tracking. Our momentum scanner triggered 7 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $23K from the company's valuation, bringing the market cap to $1M at that time.
Data tracked by StockTitan Argus on the day of publication.
CHENGDU, China, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Senmiao Technology Limited (“Senmiao” or the “Company”) (Nasdaq: AIHS) today announced that it has entered into a securities purchase agreement (the “Agreement”) with certain accredited investors (the “Investors”) providing for the issuance of 1,350,000 shares (the “Shares”) of common stock, par value
For the purpose of obtaining the Stockholder Approval, the Company shall hold a special meeting of the stockholders (the “Special Meeting”) within 45 calendars days following the closing of sale of the Shares. Senmiao intends to use the net proceeds from the offering for general corporate purposes and working capital.
The Shares described above are being offered pursuant to a “shelf” registration statement on Form S-3 (File No. 333-274749), which was declared effective by the United States Securities and Exchange Commission (the “SEC”) on September 29, 2023. The Shares described above may be offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A prospectus supplement related to the offering will be filed with the SEC and available on the SEC's website at http://www.sec.gov.
The Warrants and the Warrants Shares being offered in a separate private placement will be offered pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”) provided in Section 4(a)(2) and/or Rule 506(d) of Regulation D of the Securities Act. After the issuance of the Warrants, the Company shall file with the SEC certain registration statement on Form S-1 solely for the purpose of registering the resale of the Warrant Shares within 30 days after the date of the Special Meeting, assuming the stockholder approval is obtained.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
About Senmiao Technology Limited
Headquartered in Chengdu, Sichuan Province, Senmiao provides automobile transaction and related services including sales of automobiles, facilitation and services for automobile purchases and financing, management, operating leases, guarantees and other automobile transaction services in China.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to significant risks, uncertainties and assumptions, including those detailed from time to time in the Senmiao’s filings with the SEC, and represent Senmiao’s views only as of the date they are made and should not be relied upon as representing Senmiao’s views as of any subsequent date. Senmiao undertakes no obligation to publicly revise any forward-looking statements to reflect changes in events or circumstances.
For more information, please contact:
At the Company:
Yiye Zhou
Email: edom333@ihongsen.com
Phone: +86 28 6155 4399
© 2025 Senmiao Technology Ltd. All rights reserved.
FAQ
What is Senmiao Technology (AIHS) offering in the November 14, 2025 deal?
How much gross proceeds will Senmiao (AIHS) raise from the registered direct offering?
When will the Senmiao (AIHS) share sale close and when is the stockholder vote required?
What are the terms of the warrants in Senmiao's (AIHS) transaction?
How will Senmiao (AIHS) use the proceeds from the offering?
