Valor Energy says it regained Nasdaq equity compliance after 500M-share authorization; issues 4.51M warrants

Senmiao Technology Ltd

Nasdaq notified the company on Aug 21, 2026 of non-compliance with the $2,500,000 minimum stockholders' equity rule; deficit was $35,344,336 at June 30, 2026.
Stockholders voted June 11, 2026 to raise authorized shares from 50,000,000 to 500,000,000, effective Aug 6, 2026, moving $41.90M of June 2026 Warrants from derivative liability to equity.
Compliance plan was submitted to Nasdaq on Oct 5, 2026; company believes it now exceeds $2.5M equity but could face delisting if not shown in the Sept 30, 2026 Form 10-Q.
On Oct 19, 2026 the company issued warrants for up to 4,510,000 restricted shares, tied to a Nov 14, 2025 deal for 1,350,000 shares and 905,000 pre-funded warrants ($2.8M gross).
June 2026 offering: 10,000,000 units at $1.10 (one share plus four $1.46 warrants) closed June 25, 2026 for ~$10.23M net; 14,557,489 shares outstanding at June 30, 2026.

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