Senmiao Technology closes $2.8M registered direct offering of common stock and warrants

Senmiao Technology Ltd

Closed offering of 1,350,000 shares and pre-funded warrants for 905,000 shares at $1.26/share, gross proceeds ~$2.8M.
May issue private placement warrants for up to 4,510,000 shares at $1.26, subject to stockholder approval, 5.5-year term.
Proceeds intended to strengthen financial foundation and support growth strategy, per COO Haitao Liu.

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