Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 117

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 117
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7.50 million, or 55%. This decrease is due to Non-cash expenses related to change in fair valuation of derivative financial instrument, preferred stock warrant were $3.47 million and $5.28 million respectively during nine months ended December 31, 2023, all of which was converted into equity at the close of deSPAC during the fiscal year ended on March 31,2024, one time discount on issuance of unsecured convertible note accounted as expenses amounting to $0.63 million during December 31, 2023, change in the fair value of Atalaya note resulted in $1.73 million expenses during the nine months ended December 31, 2023 as compared to the same being gain and accounted under other income during the nine months ended December 31, 2024. Additionally, note issue expenses reduced to Nil during the nine months ending December 31, 2024, as compared to $1.56 million incurred during the nine months ended December 31, 2023. This decrease has been partially offset by increase in the cost is primarily due to issuance cost on issuance of November 2024 and December 2024 private placement offerings amounting to $ 2.87 million, $2.00 million in accrued interest on a redeemable promissory note and $0.40 million increase in borrowing cost respectively during the three months ended December 31, 2024, compared to the three months ended December 31, 2023. This increase has been partially offset 63 Gain on troubled debt restructuring

|                                |     | Three                     
 months ended December 31, 
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 Change |     |   |     | Nine                      
 months ended December 31, 
 2024                      |          |   |     | 2023 |   |     | Change |          |   |     | %      
 Change |     |   |
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