SEC Form NT 10-Q filed by Senmiao Technology Limited

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 12b-25

NOTIFICATION OF LATE FILING

(Check One):   ¨ Form 10-K     ¨ Form 20-F     ¨ Form 11-K     x Form 10-Q     ¨ Form 10-D

¨ Form N-CEN    ¨ Form N-CSR

For Period Ended: June 30, 2025

For the Transition Period Ended: _____________________________________

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

PART I – REGISTRANT INFORMATION

Senmiao Technology Limited

Full Name of Registrant:

N/A

Former Name if Applicable:

16F, Shihao Square, Middle Jiannan Blvd., High-Tech Zone

Address of Principal Executive Office (Street and number):

Chengdu, Sichuan, China 610000

City, State and Zip Code

PART II – RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed (Check box if appropriate)

PART III – NARRATIVE

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

Senmiao Technology Limited (the “Registrant”) requires additional time to complete certain disclosures to be included in the Quarterly Report on Form 10-Q for the fiscal period ended June 30, 2025 (the “Form 10-Q”). The preparation and review of such disclosures required to be presented in the Form 10-Q could not be completed and filed by the Registrant without undue hardship and expense to the Registrant due in part to the circumstances described in Part IV below. The Registrant expects to file the Form 10-Q on or before the fifth calendar day following the prescribed due date.

PART IV – OTHER INFORMATION

(1) Name and telephone number of person to contact in regard to this notification:

(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).

☒ Yes ☐ No

(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?

☒ Yes ☐ No

If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made. 

As the registrant completed a corporate structure change, disposing of one of its subsidiaries in August 2024, the comparative financial figures in relation to operations under the disposed subsidiary in the fiscal period ended June 30, 2025 was reclassified to items named “XXXX-discontinued operations”. Management’s current reasonable estimates of the results of operation are as follows, which are subject to change upon the completion of the financial statements: (i) total other income, net, increased to approximately $0.33 million for the three months ended June 30, 2025 from approximately $0.04 million for the three months ended June 30, 2024; (ii) loss from operations decreased to approximately $0.61 million for three months ended June 30, 2025 from approximately $0.78 million for the three months ended June 30, 2024; (iii) net loss decreased to approximately $0.28 million for the three months ended June 30, 2025 from approximately $0.76 million for the three months ended June 30, 2024; and (iv) comprehensive loss decreased to approximately $0.32 million for the three months ended June 30, 2025 from approximately $0.80 million for the three months ended June 30, 2024. Additional narrative and quantitative disclosure regarding the registrant’s results of operations for the three months ended June 30, 2025 will be disclosed in the registrant’s Quarterly Report on Form 10-Q.

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

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