Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 22

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 22
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 5 With respect to the offering closed in June 2024, the claim is made with respect to one investor claimed to be on the “tail list,” for a cash fee of 7% of the aggregate gross proceeds received from such investor and 7% warrant coverage, with respect to that investor, but no specific amount is claimed. With respect to the offering closed in November 2024, there is a claim for a cash fee of $77,000 and warrants to purchase an aggregate of 17,900 shares of common stock at an exercise price of $107 per share, for the same investor.” With respect to the offering closed in December 2024, there is a claim for a cash fee of 7% of the aggregate gross proceeds received from the same investor and 7% warrant coverage, with respect to that investor, but no specific amount is claimed. A similar claim was also made to the extent that such investor participated in the offering closed in February 2025. The Company is currently reviewing with legal counsel and has not yet determined the validity of any of the claims. Settlement with Law Firm Effective as of March 31, 2025, the Company entered into a settlement (the “Law Firm Settlement”) with the Company’s corporate securities attorneys (the “Law Firm”), in connection with the payment of outstanding amounts owed by the Company to the Law Firm. Pursuant to the Law Firm Settlement, the Law Firm agreed to settle the payment of outstanding legal fees due and payable by the Company to the Law Firm for services rendered through December 31, 2023, in consideration for the issuance of $4,000,000 of securities of the Company consisting of an aggregate of (a) 128,206 shares of Common Stock, (b) Series A Warrants to purchase up to 2,003,206 shares of Common Stock at an exercise price of $6.24 per share and (c) Series B Warrants to purchase up to 512,821 shares of Common Stock at an exercise price of $0.002 per share. These securities were issued in the March Offering. Reverse Stock Splits On October 22, 2024, the Company effected the First Reverse Split in a ratio of a one-for-one hundred (1:100) of the Company’s issued and outstanding shares of Common Stock. As a result of the First Reverse Split, every one hundred (100) shares of the Company’s issued and outstanding shares of Common Stock was automatically converted into one share of Common Stock,