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Senmiao stockholders approve up to $11M private placement and 1-for-100 reverse split

AIHSSenmiao Technology Ltd

Senmiao Technology Limited held its Annual Meeting of Stockholders on June 11, 2026, where stockholders approved several significant corporate actions, including authorization for the Board of Directors to effect a reverse stock split of up to 1-for-100, an increase in authorized common stock from 50,000,000 to 500,000,000 shares, and a private placement of up to $11,000,000. The meeting also resulted in the election of five directors and the ratification of Marcum Asia CPAs LLP as the registered public accounting firm. Senmiao Technology Limited is a technology company providing services in the high-tech zone of Chengdu, China.

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