Welcome to our dedicated page for Senmiao Technology SEC filings (Ticker: AIHS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Senmiao Technology Limited filings document material events for a Nevada issuer with Nasdaq-listed common stock under AIHS. The company’s Form 8-K disclosures cover capital-structure actions, securities purchase agreements, registered direct offerings, unregistered equity issuances, and Nasdaq continued-listing compliance matters.
The filing record also documents governance changes involving directors and executive officers, employment agreements, board committee assignments, and material agreements. Recent disclosures describe the completed disposition of subsidiaries associated with automobile transaction services for the online ride-hailing industry, including the assets, obligations, valuation support, and compliance effects reported by the company.
Senmiao Technology Limited is asking stockholders to approve several major capital actions at its June 11, 2026 annual meeting. Proposals include electing five directors, ratifying Marcum Asia CPAs LLP as auditor, and approving the issuance of shares underlying warrants from a November 14, 2025 financing.
Stockholders are also asked to authorize the Board to implement one or more reverse stock splits of up to 1-for-100, increase authorized common shares from 50,000,000 to 500,000,000, and approve a private placement of up to 10,000,000 units, each with one share and four warrants. As of May 11, 2026, 4,557,489 common shares were outstanding, so these financings and share actions could significantly expand the share count over time.
Senmiao Technology Limited is soliciting shareholder approval at its 2025 Annual Meeting for six proposals including director elections and multiple capital actions. The amendment adds four proposals: approval to issue shares underlying warrants from a November 14, 2025 registered-direct financing; authorization for reverse stock splits up to 1:100; approval to increase authorized Common Stock from 50,000,000 to 500,000,000; and approval of a private placement (PIPE) under a Securities Purchase Agreement dated April 23, 2026.
The PIPE contemplates up to 10,000,000 Units at $1.10 per Unit (each Unit = one share + four warrants) for gross proceeds up to $11,000,000, with PIPE Warrants exercisable at $1.49 for five years. Separately, stockholder approval is sought to issue up to 4,510,000 Warrant Shares tied to the November 2025 financing and to register related issuances to satisfy Nasdaq Listing Rule 5635(d). Voting thresholds are majority of votes cast.
Senmiao Technology Limited entered into a securities purchase agreement for a private placement of up to 10,000,000 units. Each unit consists of one share of common stock and four warrants, sold at $1.10 per unit, for potential gross proceeds of approximately $11,000,000 if all units are sold.
Each warrant allows the holder to buy one share of common stock at an exercise price of $1.46 per share until 2031. The units are being sold to accredited or sophisticated investors under Regulation D, with net proceeds earmarked for working capital and general corporate purposes. Closing is subject to conditions, including stockholder approval for the issuance of the units.
Senmiao Technology Limited is soliciting proxies for its 2025 Annual Meeting of Stockholders to be held at 9:00 a.m. Eastern Time on [MEETING DAY AND DATE] at the Company’s offices in Chengdu, Sichuan, China. The proxy materials include the proxy statement and the Annual Report on Form 10-K for the fiscal year ended March 31, 2025.
Stockholders are asked to vote on the election of five directors and the ratification of Marcum Asia CPAs LLP as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2026. The Board unanimously recommends a vote FOR each proposal. Record, mailing and voting procedures (including internet, telephone, fax and in-person voting) are described in the proxy materials.
Senmiao Technology Limited reported results for the quarter ended December 31, 2025, showing continued losses but a stronger balance sheet. Quarterly revenue from automobile transaction and related services was $358,684, down from $451,447 a year earlier, as ride-hailing related activity softened.
The company posted a net loss of $873,677 for the quarter and $1,873,845 for the nine months, with higher selling, general and administrative expenses and increased credit loss provisions pressuring margins. However, Senmiao raised about $0.66 million through a PIPE offering and $2.83 million via a registered direct offering, lifting cash and cash equivalents from $701,302 at March 31, 2025 to $3,508,226 and improving working capital to about $2.4 million. Management now concludes there is no substantial doubt about its ability to continue as a going concern over the next year.
Senmiao Technology Limited filed an update on its Nasdaq listing status. In December 2025, Nasdaq notified the company that it was not meeting the required minimum stockholders’ equity of $2,500,000 under Rule 5550(b)(1), after reporting stockholders’ equity of ($132,073) as of September 30, 2025 and not satisfying alternative standards for market value or net income as of November 30, 2025.
On December 31, 2025, Senmiao entered into an acquisition agreement to spin off 100% of the equity interests of its subsidiaries Yicheng and Zecheng to Hu Mao Sheng Tang Holdings Limited, and reported completion of this disposition in a compliance plan submitted to Nasdaq on January 15, 2026. The company believes that, following this transaction, it now exceeds the $2,500,000 stockholders’ equity requirement and has regained compliance, although Nasdaq will continue to monitor its status and may delist the company if its Form 10-Q for the period ended December 31, 2025 does not demonstrate compliance.
Senmiao Technology Limited reported that its board appointed Yafeng Li as Chief Financial Officer on January 2, 2026, filling the vacancy created by the resignation of former CFO Xiaoyuan Zhang. Under an employment agreement dated the same day, Ms. Li will receive an annual salary of $50,000 for her services as CFO.
Ms. Li previously served as Financial Controller of World Trade Technology LLC since May 2020 and holds several professional certifications, including Certified Internal Auditor, Certified Management Accountant, and Certified Tax Agent (China). She earned a bachelor’s degree in accounting from Shanxi University. The company states there are no family relationships or related-party transactions involving Ms. Li that require disclosure.
Senmiao Technology Limited agreed to dispose of its two wholly owned subsidiaries, Sichuan Senmiao Yicheng Asset Management and Sichuan Senmiao Zecheng Business Consulting, which had accumulated losses of approximately $11 million as of September 30, 2025. Under an Acquisition Agreement dated December 31, 2025, the company will transfer 100% of the equity in both entities to Hu Mao Sheng Tang Holdings Limited, a non-affiliated Hong Kong buyer, for no additional consideration.
After closing, the purchaser will become sole shareholder of both subsidiaries and assume all of their assets and obligations. The board approved the deal based on a third-party valuation report concluding that a sale for no additional consideration is consistent with the subsidiaries’ fair market value. Separately, effective December 31, 2025, Chief Financial Officer and Treasurer Ms. Xiaoyuan Zhang resigned, with the company stating her departure was not due to any disagreement over accounting, operations, policies, or practices.
Senmiao Technology Limited (AIHS) reported several leadership and board changes. Effective November 25, 2025, director Sichun Wang resigned from the board and from her roles as chair of the audit committee and member of the compensation and nominating committees; her resignation was stated to be not due to any disagreement with the company on accounting, operations, policies, or practices.
The board appointed Si (Simon) Li as an independent director, chairman of the audit committee, and member of the compensation and nominating committees, with annual compensation of $30,000. It also appointed Chong Chen as an independent director, member of the compensation and audit committees, and chairman of the nominating committee, also with annual compensation of $30,000.
Separately, the board appointed Ronggang (Jonathan) Zhang as Chief Executive Officer, executive director, and chairman of the board, replacing a previously disclosed resignation. His annual compensation will be $50,000. The company states there are no family relationships or related-party transactions requiring disclosure for any of the appointees.
Senmiao Technology Limited (AIHS) reported major leadership changes. Effective November 21, 2025, Wen Xi resigned as Chief Executive Officer and Chairman of the Board, and Trent D. Davis resigned as a director, with his resignation effective immediately.
The company states that both Mr. Wen and Mr. Davis resigned for personal reasons and that their decisions were not due to any disagreement with Senmiao on operations, policies, or practices. The company expressed appreciation for their years of service.