Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 868

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 1
Chunk 868
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 of the Reverse Split (the “Series A Warrants”) and (ii) Series B Warrants to purchase
initially no shares of Common Stock and then up to a maximum of 2,004,955 shares of Common Stock subject to certain adjustments, at an
initial exercise price of $0.002.

On June 24, 2025, the Company
issued a bridge note to certain investors totaling $402,000 at a discount of $42,000. The note is repayable in five monthly installments
beginning November 30, 2025, and maturing on March 31, 2026, with interest accruing at 12% per annum on the outstanding principal.
The Company received net proceeds of $350,000 after adjusting deduction of legal and due diligence fees of $10,000. Additionally,
$45,500 (i.e., 13% of net proceeds) is due to the placement agent relating to the issuance of these bridge notes which is directly attributable
to the loan raised, thereby bringing the total debt issuance costs to $55,500.

On July 31, 2025 , the Company
entered into Securities Purchase Agreements with certain institutional accredited investors pursuant to which the Company issued Bridge
notes for a total principal amount of $206,225 with an initial issue discount of $23,725. The net proceeds disbursed to the Company were
$175,000 after deduction of legal and due diligence fees of $7,500.

On August 19, 2025, the Company
closed a Securities Purchase Agreement (“Labrys SPA”) with Labrys Fund II, L.P. (“Labrys”) pursuant to which it
issued a promissory note totaling $180,000 at a discount of $18,000. The note is repayable in 12 months maturing on August 19, 2026 with
interest accruing at 12 % per annum on the outstanding principal. The Company received net proceeds of $158,500 after adjusting deduction
of legal and due diligence fees of $3,500.

On August 24, 2025, the Company
issued a convertible note to AES Capital Management, LLC(“AES”) totaling $112,500 through 2 convertible notes of $75,000,
and $37,500 respectively (“AES Notes”). The note amounting $75,000 is the “Primary Note” and the subsequent note
of $37,500 is the “Secondary Note”. The AES