Senmiao Technology, Qinhong sign cooperation agreement
Strategic Partnership: Senmiao Technology has entered into a strategic cooperation agreement with Qinhong International Group, which specializes in providing financial services to small and medium-sized enterprises in Southwest China.
Financial Support: The agreement allows Senmiao to leverage Qinhong's business relationships to expand its operations across China and gain assistance in securing financing for its business plans.
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Mama's Creations Inc Performance: Shares of Mama's Creations Inc rose 13.3% in pre-market trading after reporting third-quarter earnings of 1 cent per share, surpassing analyst expectations of a loss of 2 cents, along with sales of $47.269 million exceeding the $43.203 million estimate.
Other Notable Gainers: Several stocks saw significant gains in pre-market trading, including Alphatime Acquisition Corp (up 388.8%), Exicure Inc (up 103.4%), and Netcapital Inc (up 88.5%), driven by positive news such as merger approvals and favorable trial results.
Stocks Experiencing Losses: Conversely, Top Wealth Group Holding Ltd experienced a sharp decline of 49.3% after a previous surge, along with other companies like Orangekloud Technology Inc and Biodexa Pharmaceuticals PLC, which fell 36.1% and 17.2%, respectively.
Market Movements: Ares Management Corp will replace Kellanova in the S&P 500, while Sezzle Inc will replace Vital Energy in the S&P SmallCap 600, indicating ongoing shifts in market indices.
Securities Purchase Agreement: Senmiao Technology Limited has entered into a securities purchase agreement to issue 1,350,000 shares of common stock and pre-funded warrants for a total of approximately $2.8 million, with the closing expected around November 17, 2025.
Warrants and Stockholder Approval: The company plans to issue warrants for up to 4,510,000 shares, pending stockholder approval, and will hold a special meeting within 45 days after the share sale to obtain this approval.
Use of Proceeds: The net proceeds from the offering will be utilized for general corporate purposes and working capital.
Regulatory Compliance: The shares are being offered under a shelf registration statement with the SEC, and the warrants will be offered under an exemption from registration requirements.
Penny Stocks to Watch: Senmiao Technology, BT Brands, and Urban-gro Inc. are highlighted as top penny stocks to monitor on September 4, 2025, based on their high Dollar Volume and significant stock price increases.
Senmiao Technology: The Chinese tech company saw a 61% stock price surge with a Dollar Volume of $668.75 million, driven by speculation around AI-driven urban mobility and potential partnerships, despite no specific news.
BT Brands: The fast-food company experienced a nearly 64% stock price increase and a Dollar Volume of $318.87 million following the announcement of a merger with Aero Velocity, which will focus on drone and AI technology.
Urban-gro Inc.: The indoor farming specialist's stock rose by 48% with a Dollar Volume of $161.24 million after announcing a $2 million asset sale and measures to address Nasdaq compliance issues, enhancing investor confidence.
Market Performance: U.S. stocks showed mixed results with the Nasdaq Composite gaining over 100 points, while the Dow slightly declined. The S&P 500 also rose, reflecting a positive trend in communication services stocks.
Earnings Reports: Dollar Tree, Inc. exceeded earnings expectations for Q2, reporting adjusted earnings of 77 cents per share against an estimate of 41 cents, alongside quarterly sales of $4.567 billion.
Stock Movements: BT Brands, Inc. saw a significant increase of 132% after announcing a merger, while Chijet Motor Company, Inc. experienced a sharp decline of 64% following a new share offering.
Global Market Trends: European shares rose, with the eurozone's STOXX 600 up 0.6%, while Asian markets mostly closed lower, particularly Japan's Nikkei 225 and Hong Kong's Hang Seng.
Upcoming Stock Splits: Several companies are implementing stock splits or reverse stock splits from July 28 to August 1, including ChargePoint, FOXO Technologies, and Mersana Therapeutics, primarily to comply with listing standards and improve share prices.
Types of Stock Splits: Companies may opt for forward splits to increase share liquidity or reverse splits to boost share prices, both strategies aimed at attracting investors and maintaining compliance with stock exchange regulations.
Market Update: The trading week is nearing its end, but there are still significant stock market developments to follow on Friday.
Resource for Traders: TipRanks provides a list of the hottest market happenings and offers a guide to finding the best online brokers for trading.









