Highest-materiality recent filing
Senmiao Technology changes name to Valor Energy Inc; ticker to VAI on Aug 26
Company renamed to Valor Energy Inc via Nevada certificate of amendment filed Aug 18, 2026.
Senmiao Technology receives Nasdaq delisting notice for negative equity
On Aug 21, 2026, Nasdaq required Senmiao to meet minimum $2.5M stockholders' equity per Rule 5550(b)(1).
Senmiao Technology restates Q3 FY2026 financials; warrants misclassified as equity
Audit Committee concludes Dec 31, 2025 quarterly financials should no longer be relied upon due to warrant accounting error.
Senmiao shareholders approve up to 1:100 reverse split, 10x share increase, and $11M PIPE
Reverse stock split authorized up to 1:100; timing and ratio at board discretion (2,794,305 for, 384,729 against).
Senmiao Technology raises up to $11M in private placement of units at $1.10/unit
Private placement of up to 10,000,000 units at $1.10/unit; each unit consists of one share and four warrants.
Senmiao Technology reports regained Nasdaq compliance after subsidiary divestiture
As of Sep 30, 2025, stockholders' equity was negative $132,073; Nasdaq delinquency notice received Dec 1, 2025.
Senmiao Technology appoints Yafeng Li as CFO, replacing Xiaoyuan Zhang
CFO appointment effective Jan 2, 2026; prior CFO Xiaoyuan Zhang resigned.
Senmiao sells loss-ridden ride-hailing units for no consideration; CFO resigns
Disposed of wholly-owned Yicheng and Zecheng for no cash consideration; units had accumulated ~$11M losses.
Senmiao Technology receives Nasdaq delisting notice due to negative equity
Stockholders' equity was ($132,073) as of Sept 30, 2025, below the $2.5M minimum.
Senmiao appoints new CEO Ronggang Zhang and two independent directors after resignations
Sichun Wang resigned as director and audit chair on Nov 25, 2025; no disagreement cited.
Senmiao CEO/Chairman Wen Xi and director Trent D. Davis resign effective immediately
CEO and Chairman Wen Xi resigns effective Nov 21, 2025; director Trent D. Davis also resigns.
Senmiao Technology closes $2.8M registered direct offering of common stock and warrants
Closed offering of 1,350,000 shares and pre-funded warrants for 905,000 shares at $1.26/share, gross proceeds ~$2.8M.
Senmiao raises $660k in private placement, issues 200k shares to consultant
Sold 500,000 shares at $1.32 each to non-U.S. investors, gross proceeds of $660,000.
Senmiao raises ~$2.8M in registered direct offering of common stock and pre-funded warrants
Issued 1,350,000 shares and pre-funded warrants for 905,000 shares at $1.26/share, gross proceeds ~$2.8M.
Senmiao regains Nasdaq minimum bid price compliance; matter closed
Received Nasdaq notice on Aug 12, 2025, confirming compliance with $1.00 minimum bid price rule.
Senmiao Technology receives Nasdaq bid price deficiency notice; 1:10 reverse split effectuated
Nasdaq notice on July 29, 2025: stock failed $1 minimum bid price for 30 consecutive business days.
Senmiao Technology announces 1-for-10 reverse stock split effective July 29, 2025
Reverse split ratio of 1-for-10; trading on Nasdaq under AIHS begins split-adjusted at market open July 29.
Senmiao Technology annual meeting passes all proposals; say-on-pay frequency set at 3 years
Quorum of 63.4% (6,667,841 shares) present at April 30, 2025 annual meeting.
Senmiao completes sale of Hunan Xixingtianxia; pro forma FY revenue drops 35%
On Aug 20, 2024, subsidiary sold 100% equity in Hunan Xixingtianxia Technology to Jiangsu Yuelaiyuexing Technology.
Senmiao subsidiary to divest Hunan Xixingtianxia via debt-assumption deal with Jiangsu Yuelaiyuexing
On Aug 8, 2024, Senmiao's wholly-owned subsidiary agreed to sell 100% of Hunan Xixingtianxia Technology Co. to Jiangsu Yuelaiyuexing Technology Co.
Shenmiao Technology annual meeting results: directors elected, auditor ratified, equity plan amended
All five director nominees elected (Xi Wen, Xiaojuan Lin, Trent D. Davis, Sichun Wang, Jie Gao) with >4.83M votes each.
Senmiao regains Nasdaq minimum bid price compliance, delisting risk resolved
Nasdaq notified Senmiao on March 26, 2024, that it regained compliance with bid price rule.
Senmiao Technology granted additional 180 days to meet Nasdaq minimum bid price rule
Received Nasdaq deficiency notice for non-compliance with $1 minimum bid price; granted extension until June 10, 2024.
Senmiao Q2 FY2024 revenue down 18% YoY to $1.8M; net loss widens to $1.21M
Total revenues $1.8M vs $2.2M YoY; ride-hailing platform services fell to $0.6M from $1.0M due to competition and Gaode compliance checks in Guangzhou.
Senmiao Tech Q1 FY2024 revenue $2.1M; net loss $0.4M vs prior-year net income $0.2M
Revenue $2.1M, down 8.7% YoY from $2.3M, due to increased competition in ride-hailing.
Senmiao Technology FY2023 revenue up 64.5% to $8.1M; net loss narrows to $3.8M
Total revenues of $8.1M from continuing operations, up 64.5% from $4.9M prior year.
Senmiao Technology receives Nasdaq deficiency notice for bid price below $1
Received Nasdaq notice on June 15, 2023 for failing minimum bid price of $1 over 30 consecutive business days.
Senmiao CTO resigns; shareholders approve equity plan increase to 1.5M shares
CTO Chunhai Li resigned effective March 31, 2023, due to personal reasons.
Senmiao Q3 revenue $1.74M (+5% YoY); net loss $1.0M vs prior income
Net loss from continuing ops $1.0M vs $0.3M income prior year; EPS loss $0.13.
Senmiao Technology Q2 fiscal 2023 revenue doubles to $2.2M, net loss $1.2M
Revenue from continuing ops $2.2M, up 100% YoY from $1.1M; automobile rental $0.9M, ride-hailing platform $1.0M.
Audit committee approved dismissal of Friedman LLP and engagement of Marcum Asia CPAs LLP, effective October 12, 2022.
Senmiao Q1 revenue jumps to $2.3M from $0.4M; turns profitable with $0.2M net income
Revenue from continuing operations $2.3M vs $0.4M YoY; online ride-hailing platform services grew to $1.2M from $0.04M.
Conversion price of Series A Convertible Preferred reduced from $4.10 to $2.00 per share effective August 9, 2022.
Senmiao Technology reports FY2022 revenue up 124.5% to $4.9M, net loss narrows to $5.6M
Total revenues from continuing operations $4.9M, up 124.5% YoY; net loss improved to $5.6M from $7.5M.
Senmiao Technology regains Nasdaq compliance with bid price rule; one-year monitor imposed
Received Nasdaq compliance notice on May 5, 2022, confirming regained minimum bid price of $1.00 per share.
Shareholders approve 5x increase in authorized shares and warrant price adjustment
Proposal to adjust Investor Warrant exercise prices below floor prices received 30.3M For vs 0.5M Against.
Senmiao Technology regains compliance with Nasdaq Rule 5550(b)(1) on April 22, 2022
Received letter from Nasdaq confirming compliance with minimum $2.5M stockholders' equity requirement.
Senmiao terminates Jinkailong VIE, deconsolidates; implements 1:10 reverse stock split
Ruixi terminated the Jinkailong Voting Agreements on March 31, 2022; Jinkailong ceases to be a VIE.
Senmiao Technology announces 1-for-10 reverse stock split effective April 6, 2022
Reverse stock split at 1-for-10 ratio, effective April 6, 2022, trading on Nasdaq under AIHS.
Senmiao receives Nasdaq extension to April 30; must complete 1-for-10 reverse split by April 6
Nasdaq Panel granted listing extension until April 30, 2022 to regain $1.00 minimum bid price compliance.
Senmiao receives Nasdaq delisting notice for bid price & MVLS noncompliance
Nasdaq notified on Feb 15, 2022 that Senmiao failed to regain compliance with $1.00 minimum bid price rule.
Senmiao Q3 revenue up 116% to $3.5M; net loss narrows to $0.1M
Total revenues $3.5M vs $1.6M YoY; operating lease and ride-hailing platform drove growth.
Senmiao Technology receives Nasdaq deficiency notice for failing MVLS requirement
Received Nasdaq deficiency letter on Jan 12, 2022, for MVLS below $35M minimum.
Senmiao Technology furnishes investor presentation with no material new financial data
Filed investor presentation dated January 2022 under Item 7.01.
Senmiao Technology reports Q2 revenue up 105% to $2.9M; net loss narrows to $0.1M from $2.6M
Total revenues reached $2.9M (+105% YoY) driven by operating lease revenues and ride-hailing platform services.
Senmiao closes $5M private placement of Series A convertible preferred and warrants
Raised $5M from institutional investors via Series A Convertible Preferred Stock convertible at $0.68/share.
Senmiao Technology raises $5M via private placement of Series A Preferred and warrants
$5M aggregate from institutional investors: 5,000 Series A Preferred Shares at $1,000 each plus warrants to acquire common shares at $0.82.
Senmiao buys Hunan Xixingtianxia for 5.33M shares; authorized share increase not approved
Acquires 100% of Hunan Xixingtianxia from Li Xiaoli and Liu Xiaohong for 5,331,667 shares of common stock.
Senmiao shareholders approve board, auditor, and share increase at annual meeting
All five director nominees (Xi Wen, Xiaojuan Lin, Trent D. Davis, Sichun Wang, Jie Gao) elected with 18.0M+ votes for each.
Senmiao Technology receives Nasdaq bid price deficiency notice
Letter from Nasdaq on August 16, 2021, citing failure to maintain $1.00 minimum bid for 30 consecutive business days.
Resignation of Chunhai Li Effective March 31, 2023, Mr. Chunhai Li, Chief Technology Officer (“ CTO ”), of Senmiao Technology Limited (the “ Company ”), resigned from his position as the CTO of the Company, due to personal reason.
Max materiality 0.85 · Median 0.60 · Most common event other_material