Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 258

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 258
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 and placement agent’s counsel, the net proceeds to us was $7.625 million. Proceeds were also used to repay $3.804 million of outstanding indebtedness to debt investors pursuant to an offering in June 2024. Further, $200,000 of the proceeds were held back in a separate escrow account for the payment of any indemnification liabilities suffered by the placement agent. After all of such deductions we retained net proceeds of $3.621 million. Effective as of March 31, 2025, the Company entered into the Aegis Settlement with Aegis and certain affiliated parties. Pursuant to the Aegis Settlement, the Aegis Settlement Parties agreed to settle and dismiss the arbitration claim in consideration for the issuance of $7,000,000 of securities of the Company in a private placement consisting of an aggregate of (a) 224,360 shares of Common Stock, (b) Series A Warrants to purchase up to 3,505.627 shares of Common Stock at an exercise price of $6.24 per share and (c) Series B Warrants to purchase up to 897,440 shares of Common Stock at an exercise price of $0.002 per share. These securities were issued in the March Offering (defined hereafter). Offer Restrictions Outside the United States Other than in the United States, no action has been taken by us or the underwriter that would permit a public offering of the securities offered by this prospectus in any jurisdiction where action for that purpose is required. The securities offered by this prospectus may not be offered or sold, directly or indirectly, nor may this prospectus or any other offering material or advertisements in connection with the offer and sale of any such securities be distributed or published in any jurisdiction, except under circumstances that will result in compliance with the applicable rules and regulations of that jurisdiction. Persons who come into possession of this prospectus are advised to inform themselves about and to observe any restrictions relating to the offering and the distribution of this prospectus. This prospectus does not constitute an offer to sell or a solicitation of an offer to buy any securities offered by this prospectus in any jurisdiction in which such an offer or a solicitation is unlawful. Transfer Agent and Registrar The transfer agent and registrar for our Common Stock is Equiniti Trust Company, LLC. 160 LEGAL MATTERS Ellenoff Grossman & Schole LLP has passed upon the validity of the securities of Zoomcar Holdings, Inc. offered by this prospectus and certain other legal matters related to this prospect