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[8-K] Senmiao Technology Limited Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Viavi Solutions Inc. (VIAV) has filed a Form 144 disclosing that former CEO and current chairman Richard E. Belluzzo intends to sell 8,385 common shares through Morgan Stanley on or after 01 Aug 2025. Based on the form’s stated market value of $81,500, the proposed sale equals roughly 0.0038 % of the 223.2 million shares outstanding, making the transaction immaterial to the public float.

The notice also details Belluzzo’s recent trading history: over the past three months he sold 25,155 shares in seven trades, yielding approximately $234.8 k in gross proceeds. All shares derive from restricted stock granted on 22 Feb 2017; no cash was paid at acquisition.

The filing contains no financial results, guidance, or operational updates. Form 144 merely signals an intention to sell and does not guarantee execution or imply new information about Viavi’s fundamentals.

Viavi Solutions Inc. (VIAV) ha presentato un modulo Form 144 che comunica l'intenzione dell'ex CEO e attuale presidente Richard E. Belluzzo di vendere 8.385 azioni ordinarie tramite Morgan Stanley a partire dal 1° agosto 2025. In base al valore di mercato indicato nel modulo, pari a 81.500 $, la vendita proposta rappresenta circa lo 0,0038% delle 223,2 milioni di azioni in circolazione, rendendo la transazione irrilevante per il flottante pubblico.

La notifica riporta inoltre la recente attività di trading di Belluzzo: negli ultimi tre mesi ha venduto 25.155 azioni in sette operazioni, ottenendo circa 234.800 $ di ricavi lordi. Tutte le azioni derivano da stock vincolati concessi il 22 febbraio 2017; non è stato pagato alcun corrispettivo in contanti all'acquisizione.

Il modulo non contiene risultati finanziari, previsioni o aggiornamenti operativi. Il Form 144 segnala semplicemente l'intenzione di vendere e non garantisce l'esecuzione né implica nuove informazioni sui fondamentali di Viavi.

Viavi Solutions Inc. (VIAV) ha presentado un Formulario 144 que revela que el ex CEO y actual presidente Richard E. Belluzzo tiene la intención de vender 8,385 acciones comunes a través de Morgan Stanley a partir del 1 de agosto de 2025. Según el valor de mercado declarado en el formulario, de 81,500 $, la venta propuesta equivale aproximadamente al 0.0038 % de las 223.2 millones de acciones en circulación, haciendo que la transacción sea insignificante para el flotante público.

La notificación también detalla el historial reciente de operaciones de Belluzzo: en los últimos tres meses vendió 25,155 acciones en siete transacciones, generando aproximadamente 234.8 mil $ en ingresos brutos. Todas las acciones provienen de acciones restringidas otorgadas el 22 de febrero de 2017; no se pagó efectivo en la adquisición.

El formulario no contiene resultados financieros, previsiones ni actualizaciones operativas. El Formulario 144 simplemente indica la intención de vender y no garantiza la ejecución ni implica nueva información sobre los fundamentos de Viavi.

Viavi Solutions Inc. (VIAV)� � CEO이자 � 회장� Richard E. Belluzzo가 2025� 8� 1� 이후 모건 스탠리를 통해 8,385 보통주를 매도� 의사� 밝힌 Form 144� 제출했습니다. 양식� 명시� 시장 가� 81,500달러� 기준으로, 이번 매도� 전체 발행 주식 2� 2,320� 주의 � 0.0038%� 해당하여 공중 유통 주식� 미치� 영향은 미미합니�.

통지서에� Belluzzo� 최근 거래 내역� 포함되어 있습니다. 지� 3개월 동안 그는 7건의 거래� 25,155주를 매도하여 � 234,800달러� � 수익� 올렸습니�. 모든 주식은 2017� 2� 22일에 부여된 제한 주식에서 비롯되었으며, 취득 � 현금은 지급되지 않았습니�.

� 제출 서류에는 재무 결과, 전망, 운영 업데이트가 포함되어 있지 않습니다. Form 144� 단순� 매도 의사� 알리� 것이�, 거래 실행� 보장하거� Viavi� 기본 사항� 관� 새로� 정보� 의미하지 않습니다.

Viavi Solutions Inc. (VIAV) a déposé un formulaire 144 révélant que l'ancien PDG et actuel président Richard E. Belluzzo a l'intention de vendre 8 385 actions ordinaires via Morgan Stanley à partir du 1er août 2025. Selon la valeur marchande indiquée dans le formulaire, soit 81 500 $, la vente proposée représente environ 0,0038 % des 223,2 millions d'actions en circulation, rendant la transaction négligeable pour le flottant public.

L'avis détaille également l'historique récent des transactions de Belluzzo : au cours des trois derniers mois, il a vendu 25 155 actions en sept opérations, générant environ 234 800 $ de produit brut. Toutes les actions proviennent d'actions restreintes attribuées le 22 février 2017 ; aucun paiement en espèces n'a été effectué lors de l'acquisition.

Le dépôt ne contient aucun résultat financier, prévisions ou mises à jour opérationnelles. Le formulaire 144 signale simplement une intention de vente et ne garantit pas son exécution ni n'implique de nouvelles informations sur les fondamentaux de Viavi.

Viavi Solutions Inc. (VIAV) hat ein Formular 144 eingereicht, das offenlegt, dass der ehemalige CEO und aktuelle Vorsitzende Richard E. Belluzzo beabsichtigt, 8.385 Stammaktien über Morgan Stanley ab dem 1. August 2025 zu verkaufen. Basierend auf dem im Formular angegebenen Marktwert von 81.500 $ entspricht der geplante Verkauf etwa 0,0038 % der 223,2 Millionen ausstehenden Aktien, was die Transaktion für den Streubesitz unerheblich macht.

Die Mitteilung enthält auch Belluzzos jüngste Handelsaktivitäten: In den letzten drei Monaten verkaufte er 25.155 Aktien in sieben Transaktionen und erzielte dabei etwa 234.800 $ Bruttoerlös. Alle Aktien stammen aus eingeschränkten Aktien, die am 22. Februar 2017 gewährt wurden; beim Erwerb wurde kein Bargeld gezahlt.

Die Einreichung enthält keine Finanzergebnisse, Prognosen oder operative Updates. Formular 144 signalisiert lediglich die Verkaufsabsicht und garantiert keine Ausführung oder neue Informationen über die Fundamentaldaten von Viavi.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Small insider sale (0.0038 % float); neutral for valuation.

Belluzzo’s potential $81 k sale is negligible relative to VIAV’s market capitalization and follows modest selling activity earlier this quarter. There is no accompanying business disclosure, so the filing neither strengthens nor weakens the investment thesis. Insider selling can sometimes foreshadow caution, but the size and frequency here appear consistent with routine diversification. I see no material impact on earnings, liquidity, or share supply.

TL;DR: Routine Rule 144 notice; governance implications minimal.

The company continues to follow proper disclosure protocols. All sales are aggregated as required, and the representation that no undisclosed adverse information exists aligns with best-practice compliance. The limited share count and transparent broker arrangement suggest standard portfolio management rather than a strategic exit. Governance risk remains unchanged.

Viavi Solutions Inc. (VIAV) ha presentato un modulo Form 144 che comunica l'intenzione dell'ex CEO e attuale presidente Richard E. Belluzzo di vendere 8.385 azioni ordinarie tramite Morgan Stanley a partire dal 1° agosto 2025. In base al valore di mercato indicato nel modulo, pari a 81.500 $, la vendita proposta rappresenta circa lo 0,0038% delle 223,2 milioni di azioni in circolazione, rendendo la transazione irrilevante per il flottante pubblico.

La notifica riporta inoltre la recente attività di trading di Belluzzo: negli ultimi tre mesi ha venduto 25.155 azioni in sette operazioni, ottenendo circa 234.800 $ di ricavi lordi. Tutte le azioni derivano da stock vincolati concessi il 22 febbraio 2017; non è stato pagato alcun corrispettivo in contanti all'acquisizione.

Il modulo non contiene risultati finanziari, previsioni o aggiornamenti operativi. Il Form 144 segnala semplicemente l'intenzione di vendere e non garantisce l'esecuzione né implica nuove informazioni sui fondamentali di Viavi.

Viavi Solutions Inc. (VIAV) ha presentado un Formulario 144 que revela que el ex CEO y actual presidente Richard E. Belluzzo tiene la intención de vender 8,385 acciones comunes a través de Morgan Stanley a partir del 1 de agosto de 2025. Según el valor de mercado declarado en el formulario, de 81,500 $, la venta propuesta equivale aproximadamente al 0.0038 % de las 223.2 millones de acciones en circulación, haciendo que la transacción sea insignificante para el flotante público.

La notificación también detalla el historial reciente de operaciones de Belluzzo: en los últimos tres meses vendió 25,155 acciones en siete transacciones, generando aproximadamente 234.8 mil $ en ingresos brutos. Todas las acciones provienen de acciones restringidas otorgadas el 22 de febrero de 2017; no se pagó efectivo en la adquisición.

El formulario no contiene resultados financieros, previsiones ni actualizaciones operativas. El Formulario 144 simplemente indica la intención de vender y no garantiza la ejecución ni implica nueva información sobre los fundamentos de Viavi.

Viavi Solutions Inc. (VIAV)� � CEO이자 � 회장� Richard E. Belluzzo가 2025� 8� 1� 이후 모건 스탠리를 통해 8,385 보통주를 매도� 의사� 밝힌 Form 144� 제출했습니다. 양식� 명시� 시장 가� 81,500달러� 기준으로, 이번 매도� 전체 발행 주식 2� 2,320� 주의 � 0.0038%� 해당하여 공중 유통 주식� 미치� 영향은 미미합니�.

통지서에� Belluzzo� 최근 거래 내역� 포함되어 있습니다. 지� 3개월 동안 그는 7건의 거래� 25,155주를 매도하여 � 234,800달러� � 수익� 올렸습니�. 모든 주식은 2017� 2� 22일에 부여된 제한 주식에서 비롯되었으며, 취득 � 현금은 지급되지 않았습니�.

� 제출 서류에는 재무 결과, 전망, 운영 업데이트가 포함되어 있지 않습니다. Form 144� 단순� 매도 의사� 알리� 것이�, 거래 실행� 보장하거� Viavi� 기본 사항� 관� 새로� 정보� 의미하지 않습니다.

Viavi Solutions Inc. (VIAV) a déposé un formulaire 144 révélant que l'ancien PDG et actuel président Richard E. Belluzzo a l'intention de vendre 8 385 actions ordinaires via Morgan Stanley à partir du 1er août 2025. Selon la valeur marchande indiquée dans le formulaire, soit 81 500 $, la vente proposée représente environ 0,0038 % des 223,2 millions d'actions en circulation, rendant la transaction négligeable pour le flottant public.

L'avis détaille également l'historique récent des transactions de Belluzzo : au cours des trois derniers mois, il a vendu 25 155 actions en sept opérations, générant environ 234 800 $ de produit brut. Toutes les actions proviennent d'actions restreintes attribuées le 22 février 2017 ; aucun paiement en espèces n'a été effectué lors de l'acquisition.

Le dépôt ne contient aucun résultat financier, prévisions ou mises à jour opérationnelles. Le formulaire 144 signale simplement une intention de vente et ne garantit pas son exécution ni n'implique de nouvelles informations sur les fondamentaux de Viavi.

Viavi Solutions Inc. (VIAV) hat ein Formular 144 eingereicht, das offenlegt, dass der ehemalige CEO und aktuelle Vorsitzende Richard E. Belluzzo beabsichtigt, 8.385 Stammaktien über Morgan Stanley ab dem 1. August 2025 zu verkaufen. Basierend auf dem im Formular angegebenen Marktwert von 81.500 $ entspricht der geplante Verkauf etwa 0,0038 % der 223,2 Millionen ausstehenden Aktien, was die Transaktion für den Streubesitz unerheblich macht.

Die Mitteilung enthält auch Belluzzos jüngste Handelsaktivitäten: In den letzten drei Monaten verkaufte er 25.155 Aktien in sieben Transaktionen und erzielte dabei etwa 234.800 $ Bruttoerlös. Alle Aktien stammen aus eingeschränkten Aktien, die am 22. Februar 2017 gewährt wurden; beim Erwerb wurde kein Bargeld gezahlt.

Die Einreichung enthält keine Finanzergebnisse, Prognosen oder operative Updates. Formular 144 signalisiert lediglich die Verkaufsabsicht und garantiert keine Ausführung oder neue Informationen über die Fundamentaldaten von Viavi.

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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): July 29, 2025

 

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 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. 

 

On July 29, 2025, Senmiao Technology Limited (the “Company”) received a deficiency notice from The Nasdaq Stock Market (“Nasdaq”) informing the Company that its common stock, par value $0.0001 per share (the “Common Stock”), fails to comply with the $1 minimum bid price required for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) based upon the closing bid price of the Common Stock for the 30 consecutive business days prior to the date of the notice.

 

Nasdaq’s notice has no immediate effect on the listing of the Common Stock on The Nasdaq Capital Market. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial compliance period of 180 calendar days, or until January 26, 2026 (the “Expiration Date”), to regain compliance with the minimum bid price requirement. To regain compliance, the closing bid price of the Common Stock must meet or exceed $1.00 per share for a minimum of ten consecutive business days prior to the Expiration Date.

 

If the Company is unable to regain compliance by the Expiration Date, the Company may be eligible for an additional 180 calendar day compliance period to demonstrate compliance with the bid price requirement. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice to Nasdaq of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company does not qualify for the second compliance period or fails to regain compliance during the second 180-day period, Nasdaq will notify the Company of its determination to delist the Common Stock, at which point the Company would have an opportunity to appeal the delisting determination to a Hearings Panel.

 

Following the announcement on July 24, 2025 through a press release and a Current Report on Form 8-K, the Company effectuated a 1:10 reverse stock split on July 29, 2025 with trading began on a split-adjusted basis at the market open on that day.

 

1

 

SIGNATURE

 

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.

 

Dated: August 1, 2025 SENMIAO TECHNOLOGY LIMITED
   
  By: /s/ Xi Wen
  Name:  Xi Wen
  Title: Chief Executive Officer

 

2

FAQ

How many Viavi (VIAV) shares does Richard E. Belluzzo plan to sell?

The Form 144 lists 8,385 common shares for potential sale.

What is the dollar value of the proposed insider sale?

At the disclosed market price, the sale is valued at approximately $81,500.

What percentage of Viavi’s outstanding shares does the sale represent?

About 0.0038 % of the company’s 223,236,654 shares outstanding.

Has the insider sold Viavi stock recently?

Yes. Over the past three months Belluzzo sold 25,155 shares for roughly $234.8 k in gross proceeds.

Does the Form 144 filing indicate any change in Viavi’s business outlook?

No. A Form 144 only discloses an intent to sell shares and provides no operational or financial guidance.
Senmiao Technology Ltd

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