Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 96

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 96
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 for future issuance under the Incentive Plan. Additionally, at our Special Meeting of Stockholders on February 18, 2025, our stockholders approved a one-time increase in the number of shares of Common Stock available for issuance under the Incentive Plan in an amount equal to 15% of the number of our shares of Common Stock issued and outstanding on March 31, 2025, to become effective on such date. We intend to file a registration statement on Form S-8 under the Securities Act to register shares of Common Stock or securities convertible into or exchangeable for shares of Common Stock issued pursuant to the Incentive Plan. Accordingly, shares to be 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 a private placement transaction of notes and warrants for $3 million of gross proceeds, on November 7, 2024, we closed a private placement transaction of shares and warrants for $9.15 million of gross proceeds, on December 24, 2024, we closed a private placement in which we issued shares and warrants for $5,484,843 of gross proceeds and on February 4, 2025, we closed a private placement in which we issued shares and warrants for approximately $1.25 million of gross proceeds. 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 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. 50 PRIVATE PLACEMENTS November Offering On November 5, 2024, the “Company entered into the November Securities Purchase Agreement with certain purchasers, including the November Selling Holders, in connection with the November Offering, pursuant to which the Company agreed to sell to such purchasers an aggregate of 2,137,850 units at a price of $4.28 per unit for an aggregate investment of $9.15 million, $2.5 million of which was provided by one of the Company’s directors. Each unit consisted of one share of Common Stock, two Series A Warrants each to purchase one