If you own shares in Senmiao Technology Limited (NASDAQ:AIHS) then it's worth thinking about how it contributes to the...

CHENGDU, China, June 18, 2019 /PRNewswire/ -- Senmiao Technology Limited (Senmiao) (AIHS), an operator of an online lending marketplace connecting Chinese investors with individual and small-to-medium-sized enterprise borrowers, and a provider of automobile transactions and related services in China, announced today that it has entered into a securities purchase agreement with six (6) accredited investors with respect to a registered direct public offering of approximately $6.0 million of shares of common stock at a price of $3.38 per share. The Company will issue an aggregate of 1,781,361 shares of common stock to such accredited investors. The Company will also issue to the accredited investors Series A warrants to purchase up to 1,336,021 shares of common stock at an exercise price of $3.72 per share.

Results demonstrate positive transition of Senmiao's primary business model from peer-to-peer lending to automobile transactions in China CHENGDU, China , July 3, 2019 /PRNewswire/ -- Senmiao Technology ...

As every investor would know, you don't hit a homerun every time you swing. But it's not unreasonable to try to avoid...

Record Revenues and Profitability for the Automobile Transaction and Related Services Business CHENGDU, China , Aug. 14, 2019 /PRNewswire/ -- Senmiao Technology Limited  (NASDAQ: AIHS) ("Senmiao"), ...

After deducting the placement agent's commission and other offering expenses payable by the Company, the net proceeds to the Company were approximately $5.3 million. The Company intends to use the net proceeds of the offering for general corporate purposes, including automobile purchases, the costs of providing leasing and other automobile transaction services, including financial leasing, costs of developing other types of financing businesses, investments in other entities, costs of technology development, costs of new hires, capital expenditures, working capital and the costs of operating as a public company. Additionally, the Company will reserve at least $500,000 of the proceeds to be used solely to satisfy any reasonable legal, audit, accounting and other professional fees and expenses of the Company.

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Record Revenues and Profitability for Senmiao Technology's Automobile Transaction and Related Services Business CHENGDU, China , Nov. 14, 2019 /PRNewswire/ -- Senmiao Technology Limited (NASDAQ: AIHS) ...

Senmiao Technology Limited (NASDAQ: AIHS) ("Senmiao"), a provider of automobile transaction and related services in China, today announced its unaudited financial results for its third fiscal quarter ended December 31, 2019.