Company: ZCARW
Filing Date: 2025-02-06
Form Type: 8-K
Source: 0001213900-25-010935
Chunk: 3

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-06
Form: 8-K
Item: Item 1.01
Chunk 3
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the
“Securities Act”), and were offered and sold pursuant to an exemption from registration under Section 4(a)(2) of the
Securities Act and Section 506(b) of Regulation D promulgated under the Securities Act.

The foregoing description
of the Offering and the Second Closing does not purport to be complete and is qualified in its entirety by reference to the Securities
Purchase Agreement, the Pre-Funded Warrants, the Series A Warrants, the Series B Warrants, the Registration Rights Agreement, the Placement
Agent Agreement and the Placement Agent Warrant, copies of which are filed as Exhibits 10.1, 4.1, 4.2, 4.3, 10.2, 10.3 and 4.4, respectively
to this Current Report on Form 8-K.

Settlement Agreement

On February 4, 2025, the Company
and Zoomcar, Inc. entered into a settlement agreement (the “Settlement Agreement”) with Randall Yanker, pursuant to
which the parties agreed to settle claims arising out of a certain consulting agreement, dated May 1, 2020, which claims had been brought
by Mr. Yanker in the Southern District of New York. Pursuant to the Settlement Agreement, the Company agreed to issue to Mr. Yanker and/or
his designees an aggregate of (i) 1,000,000 Shares and/or Pre-Funded Warrants, (ii) Series A Warrants to initially purchase up to an aggregate
of 2,500,000 shares of Common Stock, subject to certain adjustments, and (iii) Series B Warrants, in connection with and as part of the
Second Closing.

The
foregoing description of the Settlement Agreement does not purport to be complete and is qualified in its entirety by reference to the
full text of the Settlement Agreement, a copy of which is filed as Exhibit 10.4 hereto and is incorporated herein by reference.

Item 3.02. Unregistered
Sales of Equity Securities.

The
information set forth in Item 1.01 above is incorporated herein by reference into this Item 3.02.

Item 5.02. Departure of
Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.

Hiroshi Nishijima

On
February 1, 2025, the board of directors (the “Board”)