Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 5

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 5
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 the common shares and Pre-Funded Warrants
sold.

The actual public offering
price per Unit will be determined between us and Aegis Capital Corp. (“Aegis” or the “underwriter”). Our common
shares are listed on the Nasdaq Global Market under the symbol “ZCAR.” The closing price of our common shares on Nasdaq on
March 25, 2025 was $5.30 per share.

The Units have no stand-alone
rights and will not be certificated or issued as stand-alone securities.

There is no established trading
market for the Units, Pre-Funded Units, Series A Warrants or Pre-Funded Warrants, and we do not expect a market to develop. In addition,
we do not intend to apply for the listing of the Series A Warrants or the Pre-Funded Warrants on any national securities exchange or other
trading market. Without an active trading market, the liquidity of such securities will be limited.

On October 21, 2024, the
Company effected a reverse stock split of its Common Stock at a ratio of 1-for 100 (the “First Reverse Stock Split”). The
Common Stock began trading on the Nasdaq Global Market on a post-Reverse Split basis at the beginning of trading on October 22, 2024.
As a result every one hundred (100) shares of Common Stock then issued and outstanding was automatically converted into one (1) share
of Common Stock, without any change in the par value per share. In addition, (i) a proportionate adjustment was made to the per share exercise price and the number of shares issuable upon the exercise of all outstanding stock options and warrants to purchase shares of Common Stock, and (ii) the number of shares reserved for issuance pursuant to the Company’s equity incentive plans was also reduced proportionately. Any fraction of a share of Common Stock that would have been created as a result of the Reverse Stock Split was rounded up to the nearest whole share.

On March 21, 2025, the Company
effected an additional reverse stock split of its Common Stock at a ratio of 1-for 20 (the “Second Reverse Stock Split” and
collectively with the First Stock Spit, the “Reverse Stock Splits”). The Common Stock began trading on the Nasdaq Global Market
on a post-Reverse Split basis at the beginning of trading on March 24. 2025. As a result every twenty (20) shares of Common Stock then
issued