Senmiao Technology Ltd (VAI)
CIK 1711012 · all EDGAR filings →
Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.
Shares outstanding over time
Latest: 14.6M shares as of Aug 10, 2026 (10-Q). Share count fell from 11.1M to 1.1M between Jul 7, 2025 and Aug 8, 2025, a pattern consistent with a reverse split (roughly 1-for-10); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.
Cash runway
Going-concern warning
auditor flagged substantial doubt
The company itself flagged going-concern doubt in a filing.
Full breakdown: cash runway tool · source filing →
Warrants
| Tranche | Warrants | Exercise price | Term | Notes |
|---|---|---|---|---|
| Private Placement Warrants | 4.5M | not tagged | — | — |
| Units Warrants | 4.0M | not tagged | — | — |
| Investor Warrants | 1.3M | not tagged | — | — |
| November Two Thousand Twenty One Private Placement Warrants | 1.3M | $1.03 | — | — |
| Pre Funded Warrants | 905,000 | $0.0001 | — | — |
| May2021 Registered Direct Offering Warrants | 59,468 | $105 | — | — |
| Placement Agent Warrants | 5,515 | not tagged | — | — |
| November Two Thousand Twenty One Placement Agent Warrants | 5,515 | not tagged | — | — |
Tranches exactly as the company dimensioned them in its 10-Q filed Aug 14, 2026 →. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.
Warrants outstanding: 4.5M underlying shares, as reported Jun 30, 2026 (10-Q).
Reported exercise price: $1.26 (aggregate figure as tagged; individual tranches vary).
Balance-sheet fair value of warrants: $288,833 as of Mar 31, 2024.
Rough fully diluted estimate: 19.1M = 14.6M O/S + 4.5M warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.
Convertible notes
No convertible-note facts tagged in the 10-Q filed Aug 14, 2026. If convertible notes exist, their terms live in exhibit prose for this filer and are not parsed; absence of a tag is not proof of absence. The exhibits are the ground truth.
Fully diluted build-up
Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.
| Shares outstanding | 14.6M | Aug 10, 2026 |
| + Private Placement Warrants (if exercised) | 4.5M | Nov 14, 2025 |
| + Units Warrants (if exercised) | 4.0M | Jun 30, 2026 |
| + Investor Warrants (if exercised) | 1.3M | Jun 30, 2026 |
| + November Two Thousand Twenty One Private Placement Warrants (if exercised) | 1.3M | Jun 30, 2026 |
| + Pre Funded Warrants (if exercised) | 905,000 | Jun 30, 2026 |
| + May2021 Registered Direct Offering Warrants (if exercised) | 59,468 | Mar 31, 2026 |
| + Placement Agent Warrants (if exercised) | 5,515 | Jun 30, 2026 |
| + November Two Thousand Twenty One Placement Agent Warrants (if exercised) | 5,515 | Jun 30, 2026 |
| Fully diluted estimate | 26.7M | +83.6% vs O/S |
Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.
Registrations and offerings
Last 12 months: 2 executed · 0 registered.
Full history and shelf status: offering checker · S-3 shelf checker
Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.
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