CHENGDU, China, August 3,
2020 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao")
(NASDAQ: AIHS), a provider of automobile transaction and
related services targeting the online ride-hailing industry in
China, today announced it has commenced
an underwritten public offering of shares of its common stock. The
offering is subject to market conditions, and there can be no
assurance as to whether or when the offering may be completed, or
as to the actual size or terms of the offering.
The Benchmark Company LLC and Axiom Capital Management,
Inc. are acting as joint book-running
managers for the offering.
The public offering is being made pursuant to an effective shelf
registration statement on Form S-3 that was filed with the U.S.
Securities and Exchange Commission (SEC) on March 19, 2019 and declared effective on
April 15, 2019. A preliminary
prospectus supplement describing the terms of the public offering
will be filed with the SEC and will form a part of the effective
registration statement. Copies of the preliminary prospectus
supplement and accompanying prospectus relating to the public
offering may be obtained, when available, by contacting The
Benchmark Company, Attn: Prospectus Department, 150 E. 58th Street,
17th floor, New York, NY 10155 or by calling 212-312-6700
or by emailing prospectus@benchmarkcompany.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state or
jurisdiction.
About Senmiao
Headquartered in Chengdu,
Sichuan Province, Senmiao provides
automobile transaction and related services including sales of
automobiles, facilitation and services for automobile purchase and
financing, management, operating lease, guarantee and other
automobile transaction services aimed principally at the growing
ride-sharing market in Senmiao's areas of operation in China.
For more information about Senmiao, please visit:
http://www.senmiaotech.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include, without limitation,
statements concerning the proposed public offering described
herein When Senmiao uses words such as "may," "will,"
"intend," "should," "believe," "expect," "anticipate," "project,"
"estimate" or similar expressions that do not relate solely to
historical matters, it is making forward-looking statements.
Forward-looking statements are not guarantees of future
performance and involve risks and uncertainties that may cause
actual results to differ materially from Senmiao's expectations,
including, but not limited to, risks and uncertainties relating to
the public offering described herein. For these reasons,
among others, investors are cautioned not to place undue reliance
on any forward-looking statements. Senmiao's filings with the U.S.
Securities and Exchange Commission are available for review at
www.sec.gov. Senmiao undertakes no obligation to publicly revise
any forward-looking statements to reflect changes in events or
circumstances.
For more information, please contact:
At the Company:
Yiye Zhou
Email: edom333@ihongsen.com
Phone: +86 28 6155 4399
Investor Relations:
Rene Vanguestaine
Christensen
Email: rvanguestaine@ChristensenIR.com
Phone: +86 178 1749 0483
Linda Bergkamp
Christensen
Email: lbergkamp@ChristensenIR.com
Phone: +1 480 614 3004
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SOURCE Senmiao Technology Limited