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AIHS - Senmiao Technology to raise $7M in registered direct offering
Senmiao Technology Limited
Senmiao Technology ([[AIHS]] -16.9%) entered into securities purchase agreements with certain institutional investors in connection with a registered direct offering of 5.07M shares at $1.38/share for gross proceeds of $7M.Offer expected to close on or about Feb.10.Net proceeds to be used for the continued expansion of its business, including the purchase of automobiles and development of its online ride-hailing platform.