Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 639

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 1
Chunk 639
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 the public market once those shares
are issued, subject to any applicable vesting requirements, lock-up agreements and other restrictions imposed by law. As of August 13,
2025, a total of 486,754 shares of Common Stock have been reserved for future issuance under the Incentive Plan.

On February 11, 2025, the
Company has filed Form S-8 Registration Statement with the U.S. Securities and Exchange Commission (SEC), to register an aggregate of
392,189 shares of Common Stock, which are reserved for issuance under Zoomcar Holdings, Inc. 2023 Equity Incentive Plan. This Registration
Statement is being filed in order to register the Registrant’s Common Stock that may be offered or sold to participants under the
Plan, either directly or upon exercise of options or other share-based awards granted under the Plan.

Thereafter, the company filed
another S-8 for the registration of an additional 5,008,017 shares of our Common Stock, consisting of (i) 369,311 shares of our Common
Stock that our shareholders approved at a special meeting of stockholders held on February 18, 2025 and (ii) 4,638,706 shares of our Common
Stock that our board of directors (the “Board”) approved on July 7, 2025.

The Company, thereafter
on August 04, 2025, issued a total of 4,525,000 RSUs to its employees and directors in accordance with the Incentive Plan and adjusted
a cancellation of 2077 RSUs owing to employee exits till August 11, 2025.

This Registration Statement
also registered the 1,000,000 shares of Common Stock issuable to Deepankar Tiwari, to induce the employee to accept employment as the
Company’s Chief Executive Officer pursuant to a consulting agreement between the Company and Mr. Tiwari dated May 9, 2025. The inducement
award was approved by the Board of Directors. The inducement award was granted outside of the Incentive Plan.

Accordingly, shares registered
under such a registration statement will be available for sale in the open market upon the effectiveness of the registration statement.

In the future, we may also
issue our securities to raise capital or in connection with investments or acquisitions. We may also issue additional securities upon
adjustments included in our existing securities. For example, on June 18, 2024, we closed