Company: ZCARW
Filing Date: 2025-06-30
Form Type: 8-K
Source: 0001213900-25-059741
Chunk: 0

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 8-K
Item: Item 1.01
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Item 1.01. Entry into a Material Definitive Agreement.

On June 24, 2025, Zoomcar Holdings, Inc. (the “ Company”)
closed two Securities Purchase Agreements (each, a “ Purchase Agreement”) with 1800 Diagonal Lending LLC, a Virginia limited
liability company (“ DLL”), and Boot Capital LLC, a Delaware limited liability company (“ Boot”), respectively,
in connection with a private placement offering of convertible bridge notes (each, a “ Note” and collectively, the “ Notes”)
in the aggregate principal amount of $402,000.00 and $111,760.00, respectively.

Pursuant to the Purchase Agreements, DLL purchased a Note in the original
principal amount of $290,240.00 with an original issue discount of $30,240.00 and net proceeds to the Company of $250,000.00, after fees.
Boot purchased a Note in the original principal amount of $111,760.00 with an original issue discount of $11,760.00 and net proceeds to
the Company of $100,000.00.

Each Note bears interest at a rate of 12% per annum and is due on March
30, 2026. The Notes include scheduled installment repayments, and may be prepaid in full by the Company at a discount to the outstanding
balance. The Notes are subject to default interest at a rate of 22% per annum and include customary events of default and covenants.

In the event of an uncured default under either Note, the holder may
elect to convert the then-outstanding obligations (including principal, accrued interest, default interest, and other fees) into shares
of the Company’s common stock at a conversion price equal to 75% of the lowest trading price of the Company’s common stock
during the fifteen (15) trading days immediately prior to the applicable conversion date, representing a 25% discount to market.

Additionally, upon the occurrence and continuation of an event of default,
the outstanding balance of each Note shall be automatically increased to 150% of the sum of the unpaid principal and accrued interest
(the “ Default Amount”). If, following such a default, the Company also fails to timely deliver shares upon a conversion request
or otherwise fails to honor the conversion provisions of the Note, the applicable default multiplier may be increased to 200% of the Default
Amount. The Notes also provide for a $1,000 per day late delivery penalty for failure to