Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 382

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1A
Chunk 382
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 operates its business in ways we
cannot currently anticipate. For additional information about our past financial performance, see “Management’s Discussion
and Analysis of Financial Condition and Results of Operations” and our Consolidated Financial Statements and the Notes thereto
included elsewhere in this annual report filing.

54

The Company may be subject to securities
litigation, which is expensive and could divert management’s attention. 

Following the Business Combination,
the per share price of the Common Stock has been and may continue to be volatile and, in the past, companies that have experienced volatility
in the market price of their stock have been subject to securities litigation, including class action litigation. Litigation of this
type could result in substantial costs and diversion of management’s attention and resources, which could have a material adverse
effect on our business, financial condition, and results of operations. Any adverse determination in litigation could also subject the
Company to significant liabilities.

Risks Related to Ownership of Our Common Stock

Future sales of our Common Stock could
cause the market price for our Common Stock to further decline.

We cannot predict the effect,
if any, that market sales of shares of our Common Stock or the availability of shares of our Common Stock, including upon exercise or
conversion of any of our outstanding securities, for sale will have on the market price of our Common Stock prevailing from time to time.
Sales of substantial amounts of shares of our Common Stock in the public market, or the perception that those sales will occur, including
sales pursuant to this annual report, could cause the market price of our Common Stock to decline or be depressed. 

As described elsewhere herein,
we expect to issue additional securities in the future to raise capital to continue our operations. Additionally, we may issue our securities
if we need to raise capital in connection with a capital expenditure, working capital requirement or acquisition. The number of shares
of our Common Stock issued in connection with a capital expenditure, working capital requirement or acquisition could constitute a material
portion of our then-outstanding shares of Common Stock. Any perceived excess in the supply of our shares in the market could negatively
impact our share price and any issuance of additional securities in connection with investments or acquisitions may result in additional
dilution to you.

The market price and trading volume of
our common stock may continue to be highly volatile, which could lead to a loss of all or part of a stockholder’s investment.

The market price of our
Common Stock has fluctuated widely since the closing of our Business Combination. During