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Senmiao Technology Announces 1-for-10 Reverse Stock Split, Reduces Authorized Shares to 50 Million.
ByAinvest
Thursday, Jul 24, 2025 10:10 pm ET1min read
Senmiao Technology Limited will implement a 1-for-10 reverse stock split on July 29, 2025, reducing authorized shares from 500 million to 50 million. The move aims to meet Nasdaq's minimum bid price requirements and optimize the company's capital structure. The reverse stock split does not require shareholder approval under Nevada law and will result in every 10 shares being converted into one share.
Senmiao Technology Limited (Nasdaq: AIHS), headquartered in Chengdu, Sichuan Province, has announced a 1-for-10 reverse stock split, effective July 29, 2025. The move aims to meet Nasdaq's minimum bid price requirements and optimize the company's capital structure. The reverse stock split will reduce the authorized shares from 500 million to 50 million. This action does not require shareholder approval under Nevada law and will result in every 10 shares being converted into one share.The reverse stock split, approved by the company's Board of Directors, will see fractional shares rounded up to the nearest whole number. This ensures that no fractional shares will be issued as a result of the split. The new CUSIP number for the common stock following the reverse stock split is 817225303. Trading in the common stock will continue on the Nasdaq Stock Market under the symbol "AIHS" [1].
Senmiao Technology Limited provides various automobile transaction and related services, including sales of automobiles, facilitation and services for automobile purchases and financing, management, operating leases, guarantees, and other automobile transaction services in China. The company routinely provides important updates on its website [2].
The reverse stock split is expected to enhance the market perception of the stock by increasing the share price, making it more attractive to institutional investors. The reduction in authorized shares from 500,000,000 to 50,000,000 shares could streamline operations and create a more favorable investment environment by reducing share dilution [3].
References:
[1] https://finance.yahoo.com/news/senmiao-technology-limited-announces-1-130000050.html
[2] https://www.stocktitan.net/news/AIHS/senmiao-technology-limited-announces-1-for-10-reverse-stock-5o3cdb7f3n7q.html
[3] https://www.quiverquant.com/news/Senmiao+Technology+Limited+Announces+1-for-10+Reverse+Stock+Split+Effective+July+29%2C+2025
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