Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 27

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 27
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 15% of the number of shares of Common Stock issued and outstanding on that date. As a result, the number of shares of Common Stock available for issuance under the 2023 Plan was increased to 370,955 shares. Approval of the Issuance of Shares of Common Stock to a Consultant The stockholders approved the issuance of 17,794 shares of Common Stock to Uri Levine, pursuant to the Strategic Advisory Agreement, representing $250,000 of the $500,000 of compensation payable to him thereunder, as required under Nasdaq Rule 5635(b). Approval of Possible Reverse Stock Split The stockholders approved a possible reverse stock split of our Common Stock in a ratio ranging from between one-for-two and one-for-twenty, with the ratio to be determined in the sole discretion of the Board, in the event that it is necessary in order to maintain compliance with Nasdaq continued listing requirements. We effected the Second Reverse Stock Split on March 21, 2024, and our shares of Common Stock began trading on a post-reverse split on March 24, 2025, pursuant to this approval. Corporate Information Zoomcar Holdings, Inc. is a Delaware corporation. Our principal executive offices are located at Anjaneya Techno Park, No.147, 1st Floor, Kodihalli, Bangalore, India 560008, and our telephone number is +91 8048821871. Our principal website address is www.zoomcar.com. Information contained in, or accessible through, our website is not a part of, and is not incorporated into, this prospectus. Implications of Being an Emerging Growth Company and a Smaller Reporting Company We qualify as an “emerging growth company” (“EGC”), as defined in the Jumpstart Our Business Startups Act of 2012. We may remain an EGC until the last day of the fiscal year following the fifth anniversary of the consummation of our IPO, although if the market value of our Common Stock that is held by non-affiliates exceeds $700 million as of any June 30 before that time or if we have annual gross revenues of $1.235 billion or more in any fiscal year, we would cease to be an EGC as of December 31 of the applicable year. We also would cease to be an EGC if we issue more than $1 billion of non-convertible debt over a three-year period. For so long as we remain an EGC, we are permitted and intend to rely on exemptions from