Senmiao Technology Sets 1:10 Reverse Split to Protect Nasdaq Listing

Rhea-AI Filing Summary

Senmiao Technology Limited (Nasdaq: AIHS) filed a Form 8-K stating that it will effect a 1-for-10 reverse stock split of its common stock, par value $0.0001, effective Tuesday, 29 July 2025. Beginning at that day’s market open, shares will trade on a split-adjusted basis, reducing the number of outstanding shares by 90 % while proportionally increasing the market price per share; individual investors’ overall equity stakes remain unchanged.

The company cites no financial metrics, earnings updates or additional corporate actions. Management appears focused on raising AIHS’s share price to satisfy Nasdaq’s minimum bid requirement and preserve its listing. Further details are furnished—rather than filed—in Exhibit 99.1, limiting the company’s liability under the Exchange Act.

Positive

• Reverse split likely enables AIHS to regain or maintain Nasdaq bid-price compliance, avoiding potential delisting.

Negative

• Implementation of a reverse split signals persistent share-price weakness and may reduce post-split trading liquidity.

Insights

Securities Analyst

TL;DR: Reverse split lifts per-share price; neutral impact, signals low valuation risk.

The 1-for-10 reverse split should instantly raise AIHS’s share price near tenfold, reducing outstanding shares to roughly one-tenth. This maneuver commonly aims to avoid delisting when a stock trades below Nasdaq’s $1 threshold. While it averts a near-term compliance risk, reverse splits often follow prolonged price weakness and can dampen liquidity. The filing contains no operational metrics, leaving the fundamental outlook unchanged. Investors should watch for post-split volatility and any future capital actions.

Corporate Governance Expert

TL;DR: Governance-driven move to maintain exchange standards; limited strategic insight.

The board’s approval of a 1-for-10 split is a procedural remedy to meet Nasdaq listing rules. Because the action is effected via existing authorized shares, it avoids shareholder dilution beyond mechanics of the split. Furnishing, not filing, the press release limits legal exposure. However, repeated reliance on compliance tools without operational improvements can raise governance concerns about long-term strategy. Absent additional disclosure, the corporate narrative remains opaque.

8-K Event Classification

2 items: 7.01, 9.01

2 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 24, 2025

SENMIAO TECHNOLOGY LIMITED

(Exact name of registrant as specified in its charter)

Nevada		001-38426		35-2600898
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

16F, Shihao Square, Middle Jiannan Blvd. High-Tech Zone, Chengdu Sichuan, People’s Republic of China		610000
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: +86 28 61554399

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.0001 per share		AIHS		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure

On July 24, 2025, Senmiao Technology Limited issued a press release, included herewith as Exhibit 99.1, announcing that it expects to implement a 1-for-10 reverse stock split on its common stock, par value $0.0001 per share, effective Tuesday, July 29, 2025 with trading to begin on a split-adjusted basis at the market open on that day.

The information disclosed under this Item 7.01, including Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

99.1	Press Release, dated July 24, 2025.
104	Cover Page Interactive Data File, formatted in Inline Extensible Business Reporting Language (iXBRL)

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SENMIAO TECHNOLOGY LIMITED
Date: July 24, 2025	By:	/s/ Xiaoyuan Zhang
	Name:	Xiaoyuan Zhang
	Title:	Chief Financial Officer

2

FAQ

What corporate action did Senmiao Technology (AIHS) announce?

The company will execute a 1-for-10 reverse stock split effective 29 July 2025.

When will AIHS start trading on a split-adjusted basis?

Trading on a split-adjusted basis will begin at the market open on Tuesday, July 29, 2025.

Why is Senmiao Technology conducting a reverse split?

Though not explicitly stated, reverse splits are typically used to increase per-share price and maintain Nasdaq listing compliance.

Will the reverse split change shareholders’ proportional ownership?

No. Each investor’s aggregate economic interest remains the same; only the share count and price per share adjust.

Does the 8-K include any financial results or guidance?

No financial performance data or outlook was provided in this filing.