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.
The Senmiao Technology Limited (NASDAQ: AIHS) SEC filings page provides access to the company’s regulatory reports and material event disclosures filed with the U.S. Securities and Exchange Commission. As a Nevada corporation focused on automobile transaction services, automobile leasing and online ride-hailing-related activities in China, Senmiao uses its SEC filings to present detailed information on its financial condition, operations, capital structure and governance.
Through annual reports on Form 10-K and quarterly reports on Form 10-Q, Senmiao discloses revenues, costs and operating performance for its automobile rental and operating lease business, online ride-hailing platform services and other automobile transaction-related activities. These filings describe cost of revenues, including maintenance, insurance and technical service fees, as well as selling, general and administrative expenses and initiatives to streamline operations. They also provide balance sheet information on assets such as automobiles, lease right-of-use assets and finance lease receivables, and on liabilities including borrowings, lease obligations and derivative liabilities.
Current reports on Form 8-K document material events such as registered direct offerings and private placements of equity securities, notices from The Nasdaq Stock Market regarding minimum bid price compliance, implementation of a reverse stock split, and subsequent notices of regaining compliance. They also record changes in the board of directors and executive leadership, including resignations and appointments of independent directors, committee chairs and the chief executive officer and chairman of the board, along with biographical information and compensation terms.
Notifications of late filing on Form 12b-25 (NT 10-Q) explain when Senmiao requires additional time to complete periodic reports, including in connection with corporate structure changes and the reclassification of operations of a disposed subsidiary as discontinued operations. These filings may preview anticipated changes in results of operations compared with prior periods.
On Stock Titan, AI-powered tools can help interpret these AIHS filings by highlighting key items in lengthy 10-K and 10-Q reports, summarizing the implications of 8-K disclosures on offerings, listing compliance or governance, and organizing information on equity issuances and capital structure changes. Users can also review insider and related equity transactions reported in applicable forms to better understand how Senmiao’s automobile transaction, leasing and ride-hailing-focused business in China is reflected in its official SEC reporting.
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.
Senmiao Technology Limited (AIHS) reported that it has completed a registered direct offering, as announced in a press release dated November 20, 2025. The related exhibit describes this as a $2.8 million registered direct offering, indicating that the company has raised new capital through the sale of its securities directly to investors under an effective registration. Details such as the securities sold, pricing, and specific use of proceeds are contained in the referenced press release, which is incorporated by reference into this report.
Senmiao Technology Limited (AIHS) reported continued losses and tight liquidity for the six months ended September 30, 2025. Total revenues from automobile transaction and related services were $1.8 million, up slightly from $1.6 million a year earlier, driven mainly by operating lease revenues of $1.44 million. Despite this, the company recorded a net loss of $1.0 million and an accumulated deficit of about $45.9 million.
As of September 30, 2025, Senmiao had total assets of $4.7 million and a working capital deficit of roughly $2.6 million, with current liabilities exceeding current assets and total liabilities above total assets, resulting in a small negative equity position. Management concludes there is substantial doubt about the company’s ability to continue as a going concern, even after completing a financing of $0.66 million and expecting another $2.8 million by November 21, 2025, because anticipated cash outflows and planned payable settlements are still likely to outstrip available resources.