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Senmiao Technology Limited's Audit Committee concluded that the company's unaudited condensed financial statements for…
AIHSSenmiao Technology Ltd
Senmiao Technology Limited's Audit Committee concluded that the company's unaudited condensed financial statements for the period ended December 31, 2025, should no longer be relied upon due to error in classification of 905,000 pre-funded warrants and 4,510,000 private placement warrants as equity rather than derivative liabilities. The misstatements include an understatement of derivative liabilities by $4,925,000 and an overstatement of additional paid-in capital by $2,829,000. The company intends to file a restatement of its unaudited condensed financial statements. Senmiao Technology Limited is a technology company providing medical technology solutions.