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Senmiao Technology shareholders authorize reverse stock split of up to 1-for-100

PUBT·06/12/2026 20:06:32
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Senmiao Technology shareholders authorize reverse stock split of up to 1-for-100
  • Senmiao Technology held its annual shareholder meeting on June 11, 2026.
  • Shareholders ratified Marcum Asia CPAs LLP as auditor for the fiscal year ended March 31, 2026.
  • Investors authorized a potential reverse stock split of up to 1-for-100; the board was not required to execute it.
  • Shareholders backed an increase in authorized common shares to 500 million from 50 million.
  • Investors cleared the issuance of common shares underlying November 14, 2025 warrants, also approved issuance of shares and PIPE Warrants tied to a private placement of up to $11 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Senmiao Technology Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-068257), on June 12, 2026, and is solely responsible for the information contained therein.