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Senmiao Technology Announces 1-for-10 Reverse Stock Split
ByAinvest
Thursday, Jul 24, 2025 9:02 am ET1min read
Senmiao Technology Limited will implement a 1-for-10 reverse stock split, effective July 29, 2025. The reverse split will reduce the number of shares from 500 million to 50 million. Trading will begin on a split-adjusted basis on the same day. The new CUSIP number is 817225303.
Senmiao Technology Limited (Nasdaq: AIHS) has announced a significant corporate action: a 1-for-10 reverse stock split, effective July 29, 2025. This move aims to consolidate shares and potentially increase the trading price per share.The reverse stock split will reduce the number of outstanding shares from 500 million to 50 million. Trading will commence on a split-adjusted basis on the same day. The new CUSIP number for the company's common stock will be 817225303 [1].
The reverse stock split was approved by the company's Board of Directors and does not require shareholder approval under Nevada law. The authorized shares will be reduced from 500 million to 50 million, maintaining the same proportional relationship between authorized and outstanding shares. This action preserves the existing capital structure while reducing the absolute number of shares [1].
From a technical perspective, the stock will continue to trade under the same symbol (AIHS) but with a new CUSIP number. The company completed this process under Nevada law, specifically Nevada Revised Statutes 78.207 and 78.209, which allowed them to implement this change without requiring a shareholder vote or formal amendment to their Articles of Incorporation [1].
While reverse splits mathematically maintain each investor's proportional ownership in the company, they typically increase the per-share market price by approximately the inverse of the split ratio. This change in share structure does not alter the company's overall market capitalization, enterprise value, or underlying business fundamentals [1].
Senmiao Technology Limited, headquartered in Chengdu, Sichuan Province, provides automobile transaction and related services in China. For more information about Senmiao, please visit their website [2].
References:
[1] https://www.stocktitan.net/news/AIHS/senmiao-technology-limited-announces-1-for-10-reverse-stock-5o3cdb7f3n7q.html
[2] http://www.senmiaotech.com
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