Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 23

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 23
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 Pre-Funded Warrants to the extent that the issuance of shares of Common Stock would cause any of such purchaser to beneficially own more than 4.99% or 9.99% of the shares of Common Stock outstanding, at the option of each purchase (the “November Pre-Funded Warrants”). After the deduction of fees and expenses payable to Aegis Capital Corp., the placement agent in connection with the November Offering (the “Placement Agent”) and other offering expenses, including legal fees payable to the Company’s and Placement Agent’s counsel, the net proceeds to the Company was $7.625 million. Proceeds were also used to repay $3.804 million of outstanding indebtedness to debt investors pursuant to an offering in June 2024. Further, $200,000 of the proceeds were held back in a separate escrow account for the payment of any indemnification liabilities suffered by the Placement Agent. All shares of Common Stock, shares of Common Stock (other than the shares of Common Stock issuable upon exercise of the November Series A Warrants) were registered for resale in the Company’s Registration Statement on Form S-1 filed by the Company with the SEC on December 2, 2024, and declared effective on December 13, 2024 (the “Initial November Offering Resale Registration Statement”). 6 The December Offering On December 23, 2024, the Company entered into the December Securities Purchase Agreement, in connection with the December Offering and on December 24, 2024, the December Offering was closed, pursuant to which the Company sold to the investors in the December Offering (the “December Investors”), an aggregate of (i) 154,797 shares of Common Stock, after giving effect to the Second Reverse Stock Split (ii) Pre-Funded Warrants exercisable for an aggregate of 21,000 shares of Common Stock, after giving effect to the Second Reverse Stock Split, (iii) December Series A Warrants to purchase up to a maximum of 2,712,639 shares of Common Stock, after giving effect to the Second Reverse Stock Split, and December Series B Warrants to purchase up to a maximum of 703,185 shares of Common Stock, after giving effect to the Second Reverse Stock Split, for an aggregate investment amount of $5.485 million. The December Investors were provided with the option to have all or a portion of the shares of Common Stock issued pursuant to Pre-Funded Warrants to the extent that the issuance of shares of Common Stock would cause any