Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 425

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 3
Chunk 425
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 investors (1800 Diagonal Lending LLC, and Boot Capital LLC) totaling $402,000 at a discount of
$42,000. The note is repayable in five monthly installments beginning November 30, 2025, and maturing on March 31, 2026, with interest
accruing at 12% per annum on the outstanding principal. The Company received net proceeds of $350,000 after adjusting issuance
cost of $10,000. In the event of an uncured default under either of the Bridge notes, the holder has the right to elect to convert the
outstanding amount (includes principal, accrued interest, default interest, and other fees as applicable) into 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 trading days
immediately prior to the applicable conversion date.

The amount of shares of Common
Stock issued or issuable upon exercise or conversion of securities issued in connection with a capital raise or an investment or acquisition
or any such bridge notes could constitute a material portion of the then-outstanding shares of the Common Stock. Any issuance of additional
securities in connection with capital raising activities, investments or acquisitions may result in additional dilution to our stockholders.

108

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds

There were no sales of equity
securities during the period covered by this Report that were not registered under the Securities Act and were not previously reported
in a Current Report on Form 8-K filed by the Company.

Item 3. Defaults Upon Senior Securities

There were no defaults upon
senior securities during the period covered by this Report.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

As of the end of the fiscal
quarter ended June 30, 2025, none of the Company’s officers or directors are parties to any 10b5-1 Plan.

Item 6. Exhibits

The following exhibits are
filed as part of, or incorporated by reference into, this Quarterly Report on Form 10-Q.

    No.
     
    Description of Exhibit 
  
    3.1
     
    Amended and Restated Certificate of Incorporation of Zoomcar Holdings, Inc. (incorporated by reference to Exhibit 3.1 to the Current Report on Form 8-K filed with the SEC on January 4