Form 8-K

8-K — Senmiao Technology Ltd

Accession: 0001213900-26-073669

Filed: 2026-06-30

Period: 2026-06-30

CIK: 0001711012

SIC: 7510 (SERVICES-AUTO RENTAL & LEASING (NO DRIVERS))

Item: Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review

Documents

8-K — ea0296305-8k_senmiao.htm (Primary)

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8-K — CURRENT REPORT

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities

Exchange Act of 1934

Date of Report (Date of earliest event reported):

June 30, 2026

SENMIAO TECHNOLOGY LIMITED

(Exact name of registrant as specified in its charter)

Nevada

001-38426

35-2600898

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

16F, Shihao Square, Middle Jiannan Blvd.

High-Tech Zone, Chengdu

Sichuan, People’s Republic of China

610000

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including

area code: +86 28 61554399

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box

below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following

provisions:

☐ Written

communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting

material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities

registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.0001 per share

AIHS

The Nasdaq Stock Market LLC

Indicate by check mark whether

the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule

12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company,

indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial

accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 4.02 Non-Reliance on Previously Issued

Financial Statements or Completed Interim Review.

The Audit Committee (the “Audit

Committee”) of the Board of Directors of Senmiao Technology Limited (the “Company”), after discussion with

the Company’s management, concluded that the Company’s previously issued unaudited condensed financial statements contained

in the Company’s Quarterly Report (“2026 Quarterly Report”) on Form 10-Q for the period ended December 31, 2025

(the “Non-Reliance Period”), originally filed on February 13, 2026, should no longer be relied upon. Similarly, related

press releases, earnings releases, and investor communications describing the Company’s unaudited condensed financial statements

for the Non-Reliance Period should no longer be relied upon.

The Company’s review of the above-mentioned

filing revealed that the Company misclassified the issuance of 905,000 pre-funded warrants to purchase 905,000 shares of the Common Stock,

at a purchase price of $1.26 per share, in a registered direct offering and the concurrent 4,510,000 private placement warrants pursuant

to that certain securities purchase agreement dated November 14, 2025 in the 2026 Quarterly Report, in which the Company erroneously accounted

for the warrants as equity instruments. The Company determined that the warrants should have been classified as derivative liabilities

and measured at fair value.

The Company intends to file a restatement of its

unaudited condensed financial statements for the Non-Reliance Period to amend and restate unaudited condensed financial statements and

other financial information. The restatement is expected to have an impact on the unaudited condensed financial statements for the Non-Reliance

Period with changes reflected in the relevant unaudited condensed financial statements and related disclosures and Management’s

Discussion and Analysis of Financial Condition and Results of Operations.

The following is a summary of the misstatements

to the Company’s unaudited condensed financial statements for the three and nine months ended December 31, 2025:

As of and

for the three and nine months ended December 31, 2025 (in USD’000)

● Understatement

of derivative liabilities of $4,925 and overstatement of additional paid-in capital of $2,829

as of December 31, 2025.

● Understatement

of gain on change in fair value of derivative liabilities of $813 and $813, respectively,

for the three and nine months ended December 31, 2025.

● Understatement

of excess of warrant fair value over offering proceeds of $2,896 and $2,896, respectively,

for the three and nine months ended December 31, 2025.

● Overstatement

of Other income, net of $13 and $13, respectively, for the three and nine months ended December

31, 2025.

The

Audit Committee discussed with Marcum Asia CPAs LLP (“Marcum Asia”), the Company’s current independent

registered public accounting firm, the matters disclosed in this Item 4.02.

Management has previously concluded and disclosed

that the Company’s disclosure controls and procedures were not effective due to the existence of material weaknesses in the Company’s

internal controls over financial reporting (“ICFR”). The Company has evaluated the impact of the errors described above on

its ICFR and concluded the existing material weaknesses resulted in these errors.

SIGNATURES

Pursuant

to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the

undersigned hereunto duly authorized.

Senmiao Technology Limited.

Date: June 30, 2026

/s/ Ronggang (Jonathan) Zhang

Ronggang (Jonathan) Zhang,

Chairman and Chief Executive Officer

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Entity File Number

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Entity Registrant Name

SENMIAO TECHNOLOGY LIMITED

Entity Central Index Key

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Entity Tax Identification Number

35-2600898

Entity Incorporation, State or Country Code

Entity Address, Address Line One

16F, Shihao Square, Middle Jiannan Blvd

Entity Address, Address Line Two

High-Tech Zone, Chengdu

Entity Address, City or Town

Sichuan

Entity Address, Country

Entity Address, Postal Zip Code

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City Area Code

+86

Local Phone Number

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