According to the latest filing with the U.S. Securities and Exchange Commission (SEC), Senmiao Technology Limited plans to publicly offer up to 10 million units at a price of $1.10 per unit.

If this offering is successfully completed, it is expected to raise approximately 11 million US dollars in gross proceeds. This financing plan will help the company further expand its business landscape and enhance capital liquidity. The specific terms of each unit issued have not yet been disclosed, and the market is watching to see whether the offering will include a combination of common stock and warrants. Under the current market conditions, this pricing strategy reflects the company's prudent assessment of its capital needs. As a company focused on the innovative technology sector, Senmiao Technology's latest fundraising move has drawn close attention from investors regarding its future strategic direction. Performance in the secondary market shows that, following the announcement, the company's share price experienced volatility, reflecting the market's short-term concerns over dilution and a balancing act with long-term growth potential.