Senmiao Technology, Qinhong sign cooperation agreement
Strategic Partnership: Senmiao Technology has entered into a strategic cooperation agreement with Qinhong International Group, which specializes in providing financial services to small and medium-sized enterprises in Southwest China.
Financial Support: The agreement allows Senmiao to leverage Qinhong's business relationships to expand its operations across China and gain assistance in securing financing for its business plans.
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Mama's Creations Stock Rises Over 13%; Check Out 20 Stocks Making Moves in Premarket Trading
Mama's Creations Inc Performance: Shares of Mama's Creations Inc rose 13.3% in pre-market trading after reporting third-quarter earnings of 1 cent per share, surpassing analyst expectations of a loss of 2 cents, along with sales of $47.269 million exceeding the $43.203 million estimate.
Other Notable Gainers: Several stocks saw significant gains in pre-market trading, including Alphatime Acquisition Corp (up 388.8%), Exicure Inc (up 103.4%), and Netcapital Inc (up 88.5%), driven by positive news such as merger approvals and favorable trial results.
Stocks Experiencing Losses: Conversely, Top Wealth Group Holding Ltd experienced a sharp decline of 49.3% after a previous surge, along with other companies like Orangekloud Technology Inc and Biodexa Pharmaceuticals PLC, which fell 36.1% and 17.2%, respectively.
Market Movements: Ares Management Corp will replace Kellanova in the S&P 500, while Sezzle Inc will replace Vital Energy in the S&P SmallCap 600, indicating ongoing shifts in market indices.
Senmiao Technology Unveils $2.8 Million Direct Registered Offering
Securities Purchase Agreement: Senmiao Technology Limited has entered into a securities purchase agreement to issue 1,350,000 shares of common stock and pre-funded warrants for a total of approximately $2.8 million, with the closing expected around November 17, 2025.
Warrants and Stockholder Approval: The company plans to issue warrants for up to 4,510,000 shares, pending stockholder approval, and will hold a special meeting within 45 days after the share sale to obtain this approval.
Use of Proceeds: The net proceeds from the offering will be utilized for general corporate purposes and working capital.
Regulatory Compliance: The shares are being offered under a shelf registration statement with the SEC, and the warrants will be offered under an exemption from registration requirements.
