Senmiao Technology Limited Announces 1-for-10 Reverse Stock Split
Senmiao Technology (Nasdaq: AIHS) announced a 1-for-10 reverse stock split effective July 29, 2025. The company's common stock will continue trading on Nasdaq under the same symbol with a new CUSIP number 817225303.
Following the split, every 10 shares of issued and outstanding common stock will automatically convert to one share, with fractional shares rounded up. The company will also reduce its authorized shares from 500 million to 50 million. The reverse split was approved by the Board of Directors and requires no stockholder approval under Nevada law.
Senmiao Technology (Nasdaq: AIHS) ha annunciato un raggruppamento azionario inverso 1-per-10 con efficacia dal 29 luglio 2025. Le azioni ordinarie della società continueranno a essere quotate al Nasdaq con lo stesso simbolo, ma con un nuovo numero CUSIP 817225303.
Dopo il raggruppamento, ogni 10 azioni ordinarie emesse e in circolazione saranno automaticamente convertite in una sola azione, con le frazioni arrotondate per eccesso. Inoltre, la società ridurrà le azioni autorizzate da 500 milioni a 50 milioni. Il raggruppamento è stato approvato dal Consiglio di Amministrazione e non richiede l'approvazione degli azionisti secondo la legge del Nevada.
Senmiao Technology (Nasdaq: AIHS) anunció una consolidación inversa de acciones 1 por 10 que entrará en vigor el 29 de julio de 2025. Las acciones ordinarias de la compañía seguirán cotizando en Nasdaq bajo el mismo símbolo, pero con un nuevo número CUSIP 817225303.
Tras la consolidación, cada 10 acciones ordinarias emitidas y en circulación se convertirán automáticamente en una acción, redondeando al alza las fracciones. La compañía también reducirá sus acciones autorizadas de 500 millones a 50 millones. La consolidación inversa fue aprobada por la Junta Directiva y no requiere la aprobación de los accionistas según la ley de Nevada.
Senmiao Technology (Nasdaq: AIHS)는 2025년 7월 29일부터 1대 10 역병합을 실시한다고 발표했습니다. 회사의 보통주는 동일한 심볼로 Nasdaq에서 계속 거래되며, 새로운 CUSIP 번호 817225303이 부여됩니다.
역병합 후, 발행 및 유통 중인 보통주 10주가 자동으로 1주로 전환되며, 소수 주식은 올림 처리됩니다. 또한 회사는 승인된 주식 수를 5억 주에서 5천만 주로 줄일 예정입니다. 역병합은 이사회에서 승인되었으며, 네바다 주 법률에 따라 주주 승인 없이 진행됩니다.
Senmiao Technology (Nasdaq : AIHS) a annoncé une fusion inversée d’actions au ratio de 1 pour 10 effective à partir du 29 juillet 2025. Les actions ordinaires de la société continueront à être cotées au Nasdaq sous le même symbole, avec un nouveau numéro CUSIP 817225303.
Après la fusion, chaque groupe de 10 actions ordinaires émises et en circulation sera automatiquement converti en une seule action, les fractions d’actions étant arrondies à la hausse. La société réduira également le nombre d’actions autorisées de 500 millions à 50 millions. La fusion inversée a été approuvée par le conseil d’administration et ne nécessite pas l’approbation des actionnaires selon la loi du Nevada.
Senmiao Technology (Nasdaq: AIHS) gab eine 1-zu-10-Aktienzusammenlegung bekannt, die am 29. Juli 2025 wirksam wird. Die Stammaktien des Unternehmens werden weiterhin unter demselben Symbol an der Nasdaq gehandelt, jedoch mit einer neuen CUSIP-Nummer 817225303.
Nach der Zusammenlegung werden jeweils 10 ausgegebene und ausstehende Stammaktien automatisch in eine Aktie umgewandelt, wobei Bruchteile aufgerundet werden. Das Unternehmen wird außerdem die genehmigten Aktien von 500 Millionen auf 50 Millionen reduzieren. Die Aktienzusammenlegung wurde vom Vorstand genehmigt und erfordert gemäß dem Recht von Nevada keine Zustimmung der Aktionäre.
- Potential compliance with Nasdaq minimum bid price requirements
- Rounding up of fractional shares benefits shareholders
- Maintains proportional shareholder ownership percentages
- Significant reduction in total outstanding shares could impact stock liquidity
- May signal company's struggles to maintain stock price naturally
- Could make the stock less accessible to small retail investors
Insights
Senmiao's 1-for-10 reverse split will consolidate shares and raise trading price while maintaining proportional ownership for shareholders.
Senmiao Technology has announced a 1-for-10 reverse stock split effective July 29, 2025, which represents a significant corporate action for existing shareholders. The mechanics of this transaction are straightforward: every 10 shares currently held will automatically convert into one share post-split, with any fractional shares being rounded up to the next whole number—a shareholder-friendly approach to handling fractions.
The company's total authorized shares will simultaneously decrease from
From a technical perspective, the stock will continue trading under the same symbol (AIHS) but with a new CUSIP number (817225303), which is the standard procedure for such corporate actions. The company completed this process under Nevada law (specifically Nevada Revised Statutes 78.207 and 78.209), which allowed them to implement this change without requiring a shareholder vote or formal amendment to their Articles of Incorporation.
While reverse splits mathematically maintain each investor's proportional ownership in the company (except for minor adjustments from fractional share rounding), they typically increase the per-share market price by approximately the inverse of the split ratio. This change in share structure doesn't alter the company's overall market capitalization, enterprise value, or underlying business fundamentals.
Chengdu, China, July 24, 2025 (GLOBE NEWSWIRE) -- Senmiao Technology Limited (“Senmiao” or the “Company”) (Nasdaq: AIHS) reported that it expects to implement a 1-for-10 reverse stock split (the “Reverse Stock Split”) on its common stock, par value
The Reverse Stock Split at a ratio of 1-for-10 was approved by the Company’s Board of Directors.
Upon the effectiveness of the Reverse Stock Split, every 10 shares of the Company’s issued and outstanding Common Stock will automatically be converted into one share of issued and outstanding Common Stock. No fractional shares will be issued as a result of the Reverse Stock Split. Instead, any fractional shares that would have resulted from the split will be rounded up to the next whole number. The Reverse Stock Split affects all stockholders uniformly and will not alter any stockholder’s percentage interest in the Company’s outstanding common stock, except for adjustments that may result from the treatment of fractional shares.
In connection with the reverse stock split, the Company filed a Certificate of Change with the State of Nevada to reduce the authorized number of shares of the Company’s common stock from 500,000,000 shares to 50,000,000 shares, the reduction at the same ratio as its issued and outstanding shares of Common Stock. No stockholder’s approval and amendment to the Company’s Articles of Incorporation are required pursuant to Nevada Revised States 78.207 and 78.209.
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. For more information about Senmiao, please visit: http://www.senmiaotech.com. Senmiao routinely provides important updates on its website.
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 (including those relating to the operation of Senmiao’s ride-hailing platform) 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
When will Senmiao Technology's (AIHS) 1-for-10 reverse stock split take effect?
What happens to AIHS shareholders' fractional shares after the reverse split?
Will the AIHS reverse stock split change shareholders' ownership percentage?
How many authorized shares will AIHS have after the reverse split?
Does the AIHS reverse stock split require shareholder approval?
