Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 294

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 294
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950,503 |     | $         | - |

On November 7, 2024, the Company
had issued, in the November 2024 Offering, ( prior to Second Reverse Stock Split) Series A warrants, each
exercisable for share of Common Stock at an initial exercise price of $ per share ($ prior to Second Reverse Stock
Split). Each Series A warrant is exercisable on or after the initial exercise date as defined in the agreement and until expiry of
from such date. On the Reset Date, as defined in the agreement, the exercise price of the warrants shall be adjusted to
equal the lower of the exercise price and the Reset Price. Upon such reset, the number of warrant shares issuable upon exercise
shall be increased such that aggregate exercise price remains unchanged. The Reset Price is defined as greater of a) the lowest
daily volume weighted average price (“VWAP”) during the trading period following the Reset Date and b) the floor
price as mentioned in the agreement. The Company has issued ( prior to Second Reverse Stock Split) Series A warrants
to the placement agent as a part of compensation for services rendered in connection with the November 2024 offering.

The Company had also sold, in the November 2024 Offering,
Series B warrants, with a maximum eligibility at issue date equal to zero which shall be increased on the reset date as defined in the
agreement to equal the Reset Share Amount. Each warrant will be exercisable for share of Common Stock at a nominal exercise price
of $ ($ prior to Second Reverse Stock Split) per share. Reset Share Amount means the number of shares of Common Stock obtained
by subtracting (a) the total number of shares and warrants purchased by the holder from (b) the quotient determined by dividing (i) the
aggregate purchase price paid by the holder (including all exercise prices paid or payable in respect of pre-funded warrants) by (ii)
the Reset Price. The Company also issued Series B Warrants to the placement agent equal to % of the shares of Common Stock that will
be issued to investors pursuant to their Series B Warrants at the Reset Date. These warrants have the same terms and conditions as the
Series B warrants issued to the investors at closing. The maximum number of Series B Warrants that may be issued to the placement agent
for the November 2024 offering is ( prior to Second Reverse Stock Split).

On December 24, 2024, the Company had issued, in the
December 2024