Senmiao Technology Limited (NASDAQ: AIHS) has closed a registered direct offering, selling 1,350,000 shares of common stock and pre-funded warrants for approximately $2.8 million. The company may issue warrants to purchase up to 4,510,000 shares of common stock. Senmiao’s COO, Haitao Liu, states the financing will strengthen their financial foundation to pursue growth opportunities. The offering was made under a “shelf” registration statement on Form S-3. The Warrants and Warrant Shares will be offered under an exemption from the Securities Act. Senmiao provides automobile transaction services in China. The press release contains forward-looking statements.

Read more at GlobeNewswire: Senmiao Technology Limited Closes $2.8 Million Registered