Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 362

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 3
Chunk 362
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 of August 13, 2025, we
also have issued and outstanding December 2024 Series A Warrants to purchase 55,631 shares of Common Stock at a current exercise price
of $6.24 per share, December Series B Warrants to purchase up to 94,238 shares of Common Stock at a current exercise price of $0.002 per
share,

As of August 13, 2025, we
also have issued and outstanding February 2025 Series B Warrants to purchase up to 89,744 shares of Common Stock at a current price of
$0.002 per share,

As of August 13, 2025, we
have also issued and outstanding March 2025 Series A Warrants to purchase 2,544,1343 shares of Common Stock at a current exercise price
of $6.24 per share, and March Series B Warrants to purchase up to 591,275 shares of Common Stock at a current exercise price of $0.002
per share,

All Series B Warrants
issued in the December Offering, the January/February Offering and the March Offering are exercisable for the maximum number of shares
of Common Stock, because on March 18, 2025 the Board determined to fix the “Reset Price” of all of such Series B Warrants
down to the “Floor Price” of $6.24 per share. The Company has agreed to deem the “Reset Date” of the Series B
Warrants to be effective.

Because the market for our
Common Stock is thinly traded, the sales and/or the perception that those sales may occur, could adversely affect the market price of
our Common Stock. Furthermore, even though, as of the date hereof, the options and warrants are all currently out of the money (other
than the Series B Warrants, which all have an exercise price of $0.002 per share), the mere existence of a significant number of shares
of Common Stock issuable upon exercise of these securities may be perceived by the market as having a potential dilutive effect, which
could lead to a decrease in the price of our Common Stock.

74

Risks related to our Business and Operations

Our current business model’s limited
operating history and financial results make our future results, prospects, and the risks we may encounter difficult to predict. 

Although Zoomcar commenced
operating in 2013, we have recently transitioned from a prior business model to our