Senmiao Technology Ltd 8-K

What Happened Senmiao Technology Ltd. announced it believes it has regained compliance with Nasdaq’s minimum stockholders’ equity requirement after completing a disposition on December 31, 2025. Under Nasdaq Rule 5550(b)(1) the minimum required stockholders’ equity is $2,500,000; the company reported negative stockholders’ equity of ($132,073) as of September 30, 2025 and did not meet alternative continued listing standards as of November 30, 2025. On December 31, 2025 Senmiao entered into an acquisition agreement with Hu Mao Sheng Tang Holdings Limited (HMST) to spin off 100% of the equity interests in its subsidiaries Sichuan Senmiao Yicheng Asset Management Co., Ltd. and Sichuan Senmiao Zecheng Business Consulting Co., Ltd. The company submitted a compliance plan to Nasdaq on January 15, 2026 reporting completion of the disposition and states it now believes it exceeds the $2.5M threshold.

Key Details

• Nasdaq Rule: minimum stockholders’ equity required = $2,500,000 (Rule 5550(b)(1)).
• Reported shortfall: stockholders’ equity was ($132,073) as of Sept. 30, 2025; failed alternative standards as of Nov. 30, 2025.
• Transaction: disposition (spin-off) of 100% equity interests in Yicheng and Zecheng to Hu Mao Sheng Tang Holdings Limited, completed Dec. 31, 2025; compliance plan filed Jan. 15, 2026.
• Next steps: Nasdaq will monitor ongoing compliance; failure to evidence compliance in the Form 10‑Q for the period ended Dec. 31, 2025 may lead to delisting proceedings.

Why It Matters Regaining compliance with Nasdaq’s stockholders’ equity standard reduces the immediate risk of delisting, which can affect share liquidity and investor confidence. However, Nasdaq’s monitoring continues and the company’s compliance is subject to confirmation when Senmiao files its Form 10‑Q for the quarter ended December 31, 2025. Investors should watch upcoming filings and any Nasdaq communications for final confirmation or further action.