Senmiao Technology Believes It Has Regained Nasdaq Compliance After Subsidiary Divestment

summarizeSummary

Senmiao Technology Ltd. announced it has submitted a compliance plan to Nasdaq and believes it has regained compliance with the minimum stockholders' equity requirement following the disposition of two subsidiaries.

check_boxKey Events

• Regains Nasdaq Compliance

  The company believes it has regained compliance with Nasdaq's minimum stockholders' equity requirement of $2,500,000.

• Follows Subsidiary Divestment

  This compliance was achieved after the completion of the disposition of two loss-making subsidiaries on December 31, 2025, an event previously disclosed on January 7, 2026.

• Submitted Compliance Plan

  A compliance plan detailing the remediation was submitted to Nasdaq on January 15, 2026.

• Ongoing Monitoring

  Nasdaq will continue to monitor the company's compliance, with the upcoming 10-Q filing being critical for final confirmation.

auto_awesomeAnalysis

This filing provides a crucial update on Senmiao Technology's Nasdaq listing status. The company previously faced delisting due to non-compliance with the minimum stockholders' equity requirement. Following the recently disclosed divestment of two loss-making subsidiaries, the company has submitted a compliance plan and believes it has remediated the deficiency. This development removes a significant overhang and potential delisting threat, which is a positive step for the micro-cap company. Nasdaq will continue to monitor compliance, and the upcoming 10-Q will be key to confirming sustained compliance.