 CHENGDU, China, May 11, 2021 PRNewswire -- Senmiao Technology Limited Senmiao Nasdaq: AIHS, a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced that it has entered into a securities purchase agreement with certain institutional investors for a registered direct offering of approximately 6.5 million of its common stock, priced at-the-market under the Nasdaq rules at a price of 1.175 per share. In addition, the Company will issue certain warrants to the investors in this offering to purchase a total of 5,531,916 shares of common stock at a purchase price of 1.05 per share. 