Senmiao Technology Ltd

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.