Senmiao Technology Ltd (AIHS) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: April 24, 2026

Risk Assessment Details

Potential Dilution: 54497.11% of current shares
Recent Dilution: 196.25% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
3.2M
Potential Supply
1.7B
Additional shares possible
Splits
None
Past 2 years

Summary

AIHS currently has 3.21M outstanding shares. with significant dilution risk as 1.75B authorized shares could dilute existing holders by 54497.1%. The company has significantly diluted shareholders by 196.25% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 24, 2026

8-K filing: Senmiao Technology Limited entered into a securities purchase agreement to sell up to 10,000,000 units, each consisting of one share of common stock and four warrants, at a purchase price of $1.10 per unit, with aggregate gross proceeds of approximately $11,000,000. ($11.0M proceeds)

3.2M 1.7B
Nov 19, 2025

10-Q filing | 3.2M shares outstanding

3.2M 1.7B
Nov 14, 2025

8-K filing: Senmiao Technology Limited entered into a securities purchase agreement for the issuance of 1,350,000 shares of common stock and pre-funded warrants to purchase 905,000 shares at $1.26 per share, resulting in gross proceeds of approximately $2.8 million. ($2.8M proceeds)

1.1M 1.8B
Aug 19, 2025

10-Q filing | 1.1M shares outstanding

1.1M 1.8B
Jul 10, 2025

10-K filing | 10.5M shares outstanding

11M 1.7B
Feb 14, 2025

10-Q filing | 10.5M shares outstanding

11M 1.7B
Nov 14, 2024

10-Q filing | 10.5M shares outstanding

11M 1.7B
Aug 14, 2024

10-Q filing | 10.5M shares outstanding

11M 1.7B
Jun 27, 2024

10-K filing | 10.5M shares outstanding

11M 1.7B
Feb 09, 2024

10-Q filing | 9.4M shares outstanding

9.4M 1.7B
Nov 14, 2023

10-Q filing | 7.8M shares outstanding

7.8M 1.7B
Sep 28, 2023

S-3 filing: Senmiao Technology Limited may offer and sell up to $150,000,000 in aggregate principal amount of Senmiao's common stock, preferred stock, debt securities, warrants, rights and/or units.

6.9M 1.7B
Aug 14, 2023

10-Q filing | 7.9M shares outstanding

7.9M 110M
Jul 13, 2023

10-K filing | 7.2M shares outstanding

7.2M 110M
May 22, 2023

S-1/A filing: This prospectus relates to the possible resale or other disposition of up to 6,036,617 shares of common stock issuable upon conversion of the Series A Convertible Preferred Stock and exercise of the Warrants.

7.9M 110M
May 05, 2023

S-1 filing: Senmiao S-1 filing describes an offering of common stock by selling stockholders and potential proceeds from warrant exercises, but the company itself is not selling shares.

7.7M 110M
Feb 14, 2023

10-Q filing | 7.7M shares outstanding

7.7M 110M
Nov 14, 2022

10-Q filing | 7.0M shares outstanding

7M 110M
Aug 15, 2022

10-Q filing | 6.3M shares outstanding

6.3M 110M
Aug 09, 2022

8-K filing: The conversion price of Series A Convertible Preferred Stock was reduced from $4.10 to $2.00, and the number of common stock shares available upon conversion was increased from 1,092,683 to 2,240,000.

5.7M 110M
Jul 15, 2022

10-K filing | 5.7M shares outstanding

5.7M 110M
Apr 15, 2022

S-3 filing: Senmiao Technology Limited files an S-3 registration statement to offer and sell up to $150,000,000 in aggregate principal amount of common stock, preferred stock, debt securities, warrants, rights and/or units from time to time.

5M 110M
Apr 06, 2022
Stock Split

8-K filing: Stock split 1:10 | Outstanding: 59,226,547 → 5,922,654

5.9M 1.7M
Feb 18, 2022

S-3/A filing: This prospectus relates to the possible resale or other disposition of up to 20,462,698 shares of common stock issuable upon conversion of the Series A Preferred Stock and exercise of the Warrants.

59M 17M
Feb 14, 2022

10-Q filing | 59.2M shares outstanding

59M 12M
Nov 30, 2021

S-3 filing: This prospectus relates to the possible resale or other disposition of up to 20,462,698 shares of common stock issuable upon conversion of the Series A Preferred Stock and exercise of the Warrants.

55M 16M
Nov 15, 2021

10-Q filing | 55.4M shares outstanding

55M 0
Nov 08, 2021

8-K filing: Senmiao Technology Limited entered into a Securities Purchase Agreement with institutional investors for a private placement of up to $5 million in securities, consisting of Series A Convertible Preferred Stock and warrants to acquire common stock. ($5.0M proceeds)

55M 0
Oct 28, 2021

8-K filing: Senmiao Technology Limited will issue 5,331,667 shares of its common stock to the Target Company Shareholders for the purchase of all equity shares of the Target Company.

55M 0
Aug 16, 2021

10-Q filing | 55.4M shares outstanding

55M 0
Jul 08, 2021

10-K filing | 55.4M shares outstanding

55M 0
May 11, 2021

8-K filing: Senmiao Technology Limited entered into a Securities Purchase Agreement to sell 5,531,916 units, each consisting of one share of common stock and a warrant, at $1.175 per unit, for gross proceeds of $6,500,001.30. ($6.5M proceeds)

49M 0
Feb 16, 2021

10-Q filing | 49.3M shares outstanding

49M 0
Feb 11, 2021

8-K filing: Senmiao Technology Limited closed a registered direct public offering of 5,072,465 shares of common stock at $1.38 per share, receiving gross proceeds of approximately $7,000,000. ($7.0M proceeds)

44M 0
Feb 09, 2021

8-K filing: Senmiao Technology Limited entered into a securities purchase agreement for a registered direct public offering of 5,072,465 shares of common stock at a price of $1.38 per share, with gross proceeds of approximately $7,000,000. ($7.0M proceeds)

44M 0
Nov 20, 2020

10-Q filing | 43.7M shares outstanding

44M 0
Aug 19, 2020

10-Q filing | 43.4M shares outstanding

43M 0
Aug 13, 2020

8-K filing: Senmiao Technology Limited closed the offering of 12,000,000 shares of common stock at $0.50 per share on August 6, 2020, generating gross proceeds of $6,000,000, and closed on the full amount of the Over-Allotment Option of 1,800,000 shares on August 13, 2020, generating gross proceeds of $900,000. ($6.9M proceeds)

29M 0
Jul 09, 2020

10-K filing | 28.8M shares outstanding

29M 0
Feb 14, 2020

10-Q filing | 28.8M shares outstanding

29M 0
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