Senmiao Technology Ltd. has entered into a securities purchase agreement with certain accredited investors, issuing 1,350,000 shares of common stock and pre-funded warrants to purchase 905,000 shares of common stock at $1.26 per share in a registered direct offering. In a separate private placement, the company also agreed to issue warrants to purchase up to 4,510,000 shares of common stock. These warrants, which will have a term of 5.5 years and be exercisable immediately upon issuance at an exercise price of $1.26 per share, are subject to stockholder approval. The private placement warrants and underlying shares are being offered pursuant to exemptions from SEC registration requirements. Senmiao plans to file a registration statement for the resale of the warrant shares within 30 days after obtaining stockholder approval.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Senmiao Technology Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9575869-en) on November 14, 2025, and is solely responsible for the information contained therein.
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