CHENGDU, China, Nov. 14, 2025 — Senmiao Technology Limited (“Senmiao” or the “Company”) (Nasdaq: AIHS) today announced the execution of a securities purchase agreement (the “Agreement”) with specific accredited investors (the “Investors”). This agreement facilitates a registered direct offering for the issuance of 1,350,000 shares (the “Shares”) of common stock, with a par value of $0.0001 per share (the “Common Stock”), alongside pre-funded warrants to acquire 905,000 shares of the Common Stock. The purchase price for these is $1.26 per share, projected to generate approximate aggregate gross proceeds of $2.8 million. Additionally, Senmiao committed to issuing warrants, in a separate private placement, to the Investors for the purchase of up to 4,510,000 shares (the “Warrant Shares”) of the Common Stock (the “Warrants”). These Warrants are contingent upon receiving stockholder approval (the “Stockholder Approval”), will be exercisable immediately upon issuance at an exercise price of $1.26 per share, and will have a duration of five and a half years (5.5 years). The completion of the sale of the Shares is anticipated to occur on or around November 17, 2025, pending the fulfillment of customary closing conditions.
To secure the Stockholder Approval, the Company plans to convene a special meeting of its stockholders (the “Special Meeting”) within 45 calendar days following the closing date of the Shares’ sale. Senmiao intends to utilize the net proceeds from this offering for general corporate operations and working capital requirements.
The aforementioned Shares are being offered under a “shelf” registration statement on Form S-3 (File No. 333-274749), which the United States Securities and Exchange Commission (the “SEC”) declared effective on September 29, 2023. These Shares may only be offered by means of a prospectus, which includes a prospectus supplement, forming an integral part of the effective registration statement. A prospectus supplement pertaining to this offering will be filed with the SEC and made available on the SEC’s website at .
The Warrants and the Warrant Shares, being offered in a distinct private placement, will be issued pursuant to an exemption from the registration provisions of the Securities Act of 1933, as amended (the “Securities Act”), specifically provided by Section 4(a)(2) and/or Rule 506(d) of Regulation D of the Securities Act. Following the issuance of the Warrants, the Company commits to filing a registration statement on Form S-1 with the SEC solely for the purpose of registering the resale of the Warrant Shares within 30 days after the date of the Special Meeting, provided stockholder approval is secured.
This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction where such an offer, solicitation, or sale would be unlawful prior to their registration or qualification under the securities laws of that state or jurisdiction.
About Senmiao Technology Limited
Based in Chengdu, Sichuan Province, Senmiao delivers automobile transaction and associated services in China. These services include vehicle sales, assistance and services for car acquisitions and financing, management, operating leases, guarantees, and other forms of automobile transaction support.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to significant risks, uncertainties, and assumptions, including those detailed periodically in Senmiao’s filings with the SEC, and reflect Senmiao’s views only as of the date they are made. They should not be relied upon as representing Senmiao’s views as of any subsequent date. Senmiao undertakes no obligation to publicly revise any forward-looking statements to reflect changes in events or circumstances.
For more information, please contact:
At the Company:
Yiye Zhou
Email:
Phone: +86 28 6155 4399
© 2025 Senmiao Technology Ltd. All rights reserved.
