Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 509

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1A
Chunk 509
---
 a peer group of publicly traded companies.

2.The risk-free rate for the expected term of the warrant is
based on U.S. Treasury constant maturities yield at measurement date.

3.Conversion Price prior to Second Reverse Stock Split and
First Reverse Stock Split was $1,000 and $10 respectively.

4.Fair Value per share prior to Second Reverse Stock Split
and First Reverse Stock Split was $600 and $0.6 respectively.

F-49

ZOOMCAR HOLDINGS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

33Financial
Instruments - Fair Value Measurements (Continued)

The changes in the fair value are summarized
below:

    Preferred stock warrant liability  
    Notes  
    SSCPN  
    Unsecured Convertible Note (‘Atalaya Note’)  
    Derivative financial instruments 

    Balance as of April 1, 2023 
    $1,190,691  
    $10,944,727  
    $17,422,132  
    $-  
    $14,373,856 
  
    Issue of unsecured convertible note at discount 
     -  
     -  
     -  
     8,434,605  
     - 
  
    Issue of SSCPN and warrants 
     -  
     -  
     13,175,026  
     -  
     - 
  
    Change in fair value of convertible preferred stock warrant 
     5,284,494  
     -  
     -  
     -  
     - 
  
    Change in fair value of SSCPN 
     -  
     -  
     (3,448,845) 
     -  
     - 
  
    Change in fair value of Notes 
     -  
     (6,990,870) 
     -  
     -  
     - 
  
    Change in fair value of derivative financial instrument 
     -  
     -  
     -  
     -  
     3,465,293 
  
    Conversion to Common Stock 
     -  
     (3,953,857) 
     (27,148,313) 
     -  
     - 
  
    Reclassification on conversion of preferred stock