Senmiao Technology Ltd

Senmiao Technology Limited announced a Letter of Intent for a strategic partnership with Energence Power LLC and Energence Utah LLC. The company plans a staged $5.0 million development-capital investment into Energence Utah, aiming to transform Senmiao into a digital infrastructure company. This partnership with Elio Energy Group will advance the Energence Utah digital infrastructure campus, a planned 5,046-acre development targeting up to 1.2 GW of firm capacity for hyperscale data centers. The proposed transaction is non-binding and subject to further conditions.

Senmiao Technology Limited announced it has engaged a government relations and strategic advisory firm, effective August 2, 2026, to support its AI data center (AIDC) business. The firm, led by Mr. Justin Evans, will provide services including government meeting attendance, strategic introductions to officials, and identification of economic development incentives. This engagement is intended to strengthen the company's capabilities in site selection, permitting, and government support as it advances its AIDC business, including the Nebula Matrix AI LLC joint venture.

Senmiao Technology Limited announced that its wholly-owned subsidiary, Green Energy Capital Asset Inc., has signed an operating agreement with Constant Energy Construction Corp. to jointly establish Nebula Matrix AI LLC. This new joint venture will serve as the core platform for developing, investing in, constructing, and operating AI data centers and digital infrastructure projects across the United States. This strategic move represents Senmiao's entry into the U.S. AI infrastructure sector, leveraging its capital markets strengths with CECC's expertise in energy infrastructure and construction to pursue new growth opportunities.

Senmiao Technology Ltd. is undergoing a significant strategic shift, divesting its former subsidiaries in Sichuan and its online ride-hailing platform for nil consideration while undertaking certain liabilities. The company is now actively evaluating opportunities to expand into AI infrastructure, having appointed a strategic advisor and established a new entity, Green Energy Capital Asset Inc. Meanwhile, its remaining Automobile Transaction and Related Services generated various revenues for the fiscal year ended March 31, 2026.

Senmiao Technology Ltd. filed an amended quarterly report, restating its unaudited condensed consolidated financial statements for the period ended December 31, 2025. The company reported a net loss of $(3,969,650) and an accumulated deficit of $(49,055,747) for the nine months ended December 31, 2025. Despite a net working capital deficit, recent financing activities, including a PIPE Offering and a registered direct offering totaling approximately $3.46 million, significantly improved the company's liquidity position, with cash and cash equivalents rising to $3,508,226.

Senmiao Technology Ltd. announced its 2025 Annual Meeting of Stockholders to be held on June 11, 2026, where shareholders will vote on several key proposals. These include the election of five directors, the ratification of Marcum Asia CPAs LLP as the independent auditor, and the approval of a warrant share issuance. Most notably, shareholders will consider authorizing a reverse stock split of up to 1:100, increasing authorized common stock from 50 million to 500 million shares, and approving a private placement (PIPE) transaction of up to $11,000,000.

Senmiao Technology Limited has entered into a securities purchase agreement to sell up to 10,000,000 units in a private placement. Each unit, priced at $1.10, comprises one common stock share and four warrants, with each warrant exercisable at $1.46. If fully subscribed, the offering is expected to generate approximately $11 million in gross proceeds for the company.

Senmiao Technology Ltd. announced the appointment of David Nichols as Strategic Advisor, effective immediately. Mr. Nichols will drive the company's business development and strategic execution in AI data center solutions, digital infrastructure, and new energy initiatives, focusing on power infrastructure origination, capital formation, and institutional partnerships. His extensive experience, including co-leading AppHarvest's SPAC transaction and deploying over $1.2 billion in sustainable infrastructure, is expected to significantly bolster Senmiao's transition into next-generation digital infrastructure.