CHENGDU, China, Feb. 10, 2021 /PRNewswire/ — Senmiao Expertise Restricted (Nasdaq: AIHS) (“Senmiao”) a supplier of car transaction and associated companies focusing on the net ride-hailing business in China in addition to an operator of its personal on-line ride-hailing platform, at the moment introduced that it has closed a registered direct providing of an combination of 5,072,465 shares of frequent inventory at a worth of $1.38 per share for combination gross proceeds of $7.0 million. The Firm has roughly 49.3 million frequent shares excellent after the providing.
Senmiao intends to make use of the web proceeds from the providing for the continued growth of its enterprise, together with the acquisition of vehicles and improvement of its on-line ride-hailing platform.
FT World Capital, Inc. is performing because the unique placement agent in reference to the providing. Ellenoff Grossman & Schole LLP acted as counsel to the Firm and Schiff Hardin LLP acted as counsel to the Placement Agent in reference to the location.
This press launch shall not represent a proposal to promote, or the solicitation of a proposal to purchase, nor might there be any sale of those securities in any state or jurisdiction wherein such a proposal, solicitation or sale could be illegal previous to registration or qualification beneath the securities legal guidelines of any such state or jurisdiction.
About Senmiao Expertise Restricted
Headquartered in Chengdu, Sichuan Province, Senmiao gives car transaction and associated companies together with gross sales of vehicles, facilitation and companies for car buy and financing, administration, working lease, assure and different car transaction companies. Senmiao additionally operates its personal ride-hailing platform aimed principally on the rising on-line ride-hailing market in Senmiao’s areas of operation in China. For extra details about Senmiao, please go to: http://www.senmiaotech.com.
Cautionary Observe Concerning Ahead-Trying Statements
This press launch incorporates forward-looking statements as outlined by the Personal Securities Litigation Reform Act of 1995. These forward-looking statements are also topic to dangers, uncertainties and assumptions, together with these detailed sometimes within the Senmiao’s filings with the SEC, and signify Senmiao’s views solely as of the date they’re made and shouldn’t be relied upon as representing Senmiao’s views as of any subsequent date. Senmiao undertakes no obligation to publicly revise any forward-looking statements to replicate adjustments in occasions or circumstances.
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SOURCE Senmiao Expertise Restricted
