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Senmiao Technology (NASDAQ:AIHS) revealed Tuesday it plans to execute 1-for-10 reverse stock split to be effective Wednesday, Apr. 6, 2022. That means every 10 shares of Senmiao's outstanding common stock will automatically be converted into 1 share. The company told Board has already approved the transaction. AIHS shares fell 13% right after the opening hours on Tuesday. Earlier: Senmiao Technology reports sequential drop in February completed orders