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Senmiao Technology Limited Closes Registered Direct Offering
AIHS
New Projects/Investments
- Senmiao Technology Limited (AIHS) announced the closing of a registered direct offering on November 20, 2025, which generated approximately $2.8 million in gross proceeds.
- The offering included the sale of 1,350,000 shares of common stock and pre-funded warrants to purchase 905,000 shares of common stock at a purchase price of $1.26 per share.
- Additionally, the company may issue warrants in a separate private placement to purchase up to 4,510,000 shares of common stock, exercisable at $1.26 per share for 5.5 years, contingent on stockholder approval.
- The financing is intended to strengthen the company's financial foundation and provide resources to pursue its growth strategy and explore new business opportunities.
Nov 20, 2025, 9:10 PM
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