---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-135421"
form_type: "8-K"
ticker: "AIHS"
cik: "0001711012"
company_name: "Senmiao Technology Ltd"
filed_at: "2021-11-08T23:59:59+00:00"
generated_at: "2026-06-28T11:37:27.088629+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Senmiao Technology raises $5M via private placement of Series A Preferred and warrants

## Summary
- $5M aggregate from institutional investors: 5,000 Series A Preferred Shares at $1,000 each plus warrants to acquire common shares at $0.82.
- Preferred convertible into common at $0.68/share (adjusted to greater of $0.41 or 85% of closing bid); warrants exercisable for 5 years starting 6 months after issuance.
- Net proceeds to accelerate business plan and fund working capital; offering expected to close on or about November 10, 2021.
- FT Global Capital acts as placement agent, receiving 7.5% cash fee and warrants for 7.5% of conversion shares at $0.68 per share.
- Company to file resale registration statement within 20 days; must be effective within 60-110 days or pay 1.5% monthly penalty.

## SEC filing metadata
- accession: 0001104659-21-135421
- form_type: 8-K
- ticker: AIHS
- cik: 0001711012
- company_name: Senmiao Technology Ltd
- filed_at: 2021-11-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1711012/000110465921135421/0001104659-21-135421-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1711012/000110465921135421/tm2132210d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-135421
- JSON: https://secwatch.observer/filing/0001104659-21-135421.json
- Plain text: https://secwatch.observer/filing/0001104659-21-135421.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.