secwatch.observer — SEC 8-K summary
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Issuer:     Senmiao Technology Ltd (AIHS)
CIK:        0001711012
Form:       8-K
Filed at:   2021-10-28T23:59:59+00:00
Accession:  0001104659-21-131033
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Senmiao buys Hunan Xixingtianxia for 5.33M shares; authorized share increase not approved
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- Acquires 100% of Hunan Xixingtianxia from Li Xiaoli and Liu Xiaohong for 5,331,667 shares of common stock.
- Li Xiaoli gets 3,465,591 shares ($2.3M); Liu Xiaohong gets 1,866,076 shares ($1.2M).
- Closing to occur within 30 business days after October 22, 2021.
- Corrected vote: Amendment to increase authorized shares from 100M to 500M failed (17.1M for, 1.5M against).
- Original 8-K incorrectly reported approval; error discovered by inspector of elections.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1711012/000110465921131033/0001104659-21-131033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1711012/000110465921131033/tm2131279-1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-131033

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