Senmiao Technology Ltd (AIHS): M&A transaction — Senmiao completes sale of Hunan Xixingtianxia; pro forma FY revenue drops 35%

Senmiao Technology Ltd

On Aug 20, 2024, subsidiary sold 100% equity in Hunan Xixingtianxia Technology to Jiangsu Yuelaiyuexing Technology.
Pro forma FY2024 revenue falls to $4.39M from $6.81M after removing XXTX's $2.49M revenue.
Pro forma net loss attributable to stockholders improves to $3.22M (FY2024) and $645,809 (Q1 FY2025).
Transaction eliminates $177K in borrowings from financial institution from the balance sheet.
Pro forma total assets reduced from $9.86M to $9.30M as of March 31, 2024.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Senmiao Technology Ltd completed a disposition involving Jiangsu Yuelaiyuexing Technology Co., Ltd. (closed 2024-08-20).

Action: disposition
Counterparty: Jiangsu Yuelaiyuexing Technology Co., Ltd.
Closing: 2024-08-20

Exact text from the filing

including the acquisition by the Purchaser of 100% of the Transferor’s equity interest in Hunan Xixingtianxia Technology Co., Ltd.

View on SEC.gov

5 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Senmiao Technology Ltd filing history →

Source: SEC EDGAR

accession 0001213900-24-072581

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.