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 reports on a year of refocusing its business on automobile transaction and related services in China while exploring a potential move into AI infrastructure. The Nevada holding company now operates mainly through Hunan Ruixi and equity investee Jinkailong, serving primarily online ride-hailing drivers.
The company leases about 340 vehicles with average monthly rental income of approximately $381 per car, provides auto financing that generated $68,011 of interest income, and earns additional fees from NEV leasing, auto purchase services, commissions and default charges. It has discontinued its own ride-hailing platform and disposed of multiple Sichuan subsidiaries for nil consideration while assuming certain liabilities.
Management is evaluating AI data center and infrastructure opportunities with the help of a strategic advisor but has not signed any definitive agreements. As of June 26, 2026, Senmiao had 14,557,489 common shares outstanding, and its non-affiliate market capitalization was about $4.8 million as of September 30, 2025.
Senmiao Technology Limited filed an amended quarterly report to restate its unaudited results for the three and nine months ended December 31, 2025. The company had misclassified pre-funded and November 2025 private placement warrants as equity instead of derivative liabilities measured at fair value through earnings.
After correction, derivative liabilities rose to $4,924,533, additional paid-in capital fell by $2,828,725, and accumulated deficit deepened by $2,095,805, turning total equity into a deficit of $1,172,476. Net loss attributable to stockholders for the nine months increased to $3,946,174, or $1.92 per share.
Management attributes the error to previously reported material weaknesses in internal control over financial reporting, particularly around complex U.S. GAAP and non‑routine transactions. Liquidity improved via November 2025 financings that brought in about $3.5M of net cash, lifting cash and equivalents to $3,508,226 despite a $2.5M working capital deficit and a $4.0M nine‑month net loss.
Senmiao Technology Limited announced that investors should no longer rely on its unaudited condensed financial statements for the quarter ended December 31, 2025. The Audit Committee, after discussions with management, found that 905,000 pre-funded warrants issued at $1.26 per share and 4,510,000 concurrent private placement warrants from a November 14, 2025 securities purchase agreement were incorrectly classified as equity.
The company determined these warrants should have been recorded as derivative liabilities measured at fair value. Senmiao plans to restate the 2026 Quarterly Report on Form 10-Q to amend its financial statements, related disclosures, and Management’s Discussion and Analysis. Management previously disclosed that its disclosure controls and procedures were ineffective due to material weaknesses in internal control over financial reporting, which it concluded contributed to these errors.
Senmiao Technology Limited submitted a Form 12b-25 notifying the SEC of a late Form 10-K for the fiscal year ended March 31, 2026 and seeks relief under Rule 12b-25 to file within the 15-calendar-day extension. The company cites time constraints in compiling, disseminating and reviewing Annual Report information.
Management states it expects significant changes versus the prior year: total revenue decreased to approximately $1.5 million (year ended March 31, 2026) from $1.9 million (year ended March 31, 2025), and loss from operations increased to approximately $2.9 million from $2.0 million. The filing notes reclassification of comparative figures to discontinued operations for an online ride-hailing platform (disposed August 2024) and automobile-transaction related services in Sichuan (disposed December 2025).
Senmiao Technology Limited reported voting results from its annual stockholder meeting. Stockholders elected five directors, ratified Marcum Asia CPAs LLP as auditor for the year ending March 31, 2026, and approved several capital structure and financing proposals.
They approved, under Nasdaq Listing Rule 5635, issuing shares underlying warrants from a November 14, 2025 Securities Purchase Agreement, and authorized (but did not require) the board to implement one or more reverse stock splits at ratios up to 1-for-100 before the next annual meeting. Stockholders also approved increasing authorized common shares from 50,000,000 to 500,000,000 and the issuance of common stock and PIPE Warrants in a private placement of up to $11,000,000 pursuant to an April 23, 2026 Securities Purchase Agreement.
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.