Senmiao Technology raises up to $11M in private placement of units at $1.10/unit

Senmiao Technology Ltd

Private placement of up to 10,000,000 units at $1.10/unit; each unit consists of one share and four warrants.
Gross proceeds up to $11M; warrants exercisable at $1.46/share through 2031.
Net proceeds to be used for working capital and general corporate purposes.
Offering is exempt from registration under Regulation D; closing subject to stockholder approval.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Senmiao Technology Ltd entered into SPA with certain purchasers valued at $11,000,000 (effective 2026-04-23).

Action: entry
Agreement: equity purchase
Counterparty: certain purchasers
Value: $11,000,000
Effective: 2026-04-23

Exact text from the filing

On April 23, 2026, Senmiao Technology Limited (the “ Company ”) entered into a certain securities purchase agreement (the “ SPA ”) with certain purchasers (the “ Investors ”), pursuant to which the Company agreed to sell an aggregate of up to 10,000,000 units (the “ Units ”), each Unit consisting of one (1) share of its common stock, par value $0.0001 per share (“ Common Stock ”), and four (4) warrants (each, a “ Warrant ”), each to purchase one (1) share of Common Stock (the “ Offering ”), at a purchase price of $1.10 per Unit. The aggregate gross proceeds to the Company from the Offering, if all Units are sold, will be approximately $11,000,000.

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Source: SEC EDGAR

accession 0001213900-26-047580

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