Senmiao Technology signs cooperation agreement with Changsha Yipeng
Strategic Partnership Announcement: Senmiao Technology has signed a strategic cooperation agreement with Changsha Yipeng Information Technology to develop an AI-backed data management system for online ride-hailing platforms.
Project Development and Financing: The agreement involves utilizing Senmiao's historical operating data to enhance data collection and analysis, with both parties also seeking financing for the project's full development and deployment.
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Mama's Creations Stock Rises Over 13%; Check Out 20 Stocks Making Moves in Premarket Trading
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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.
