Senmiao raises ~$2.8M in registered direct offering of common stock and pre-funded warrants

Senmiao Technology Ltd

Issued 1,350,000 shares and pre-funded warrants for 905,000 shares at $1.26/share, gross proceeds ~$2.8M.
Separate private placement of warrants for up to 4,510,000 shares at $1.26, 5.5-year term, subject to stockholder approval.
Closing expected November 17, 2025; net proceeds for general corporate and working capital.
Company to hold special stockholder meeting within 45 days of closing to approve warrant issuance.

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