Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 32

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 32
---
| Risk Factors     |     | An investment in our securities involves a high degree of                                                                                                                                                                                                                                                                                                                                                                                                                                                  
 risk. See “Risk Factors” beginning on page 15 of this prospectus and the other information included in this                                                                                                                                                                                                                                                                                                                                                                                                
 prospectus for a discussion of the risk factors you should carefully consider before deciding to invest in our                                                                                                                                                                                                                                                                                                                                                                                             
 securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| Exchange listing |     | Our common shares are listed on The Nasdaq Global Market, under the symbol “ZCAR”. There is no established trading market for the Units, Pre-Funded Units, Series A Warrants or Pre-Funded Warrants, and we do not expect a market to develop. In addition, we do not intend to apply for the listing of the Series A Warrants or the Pre-Funded Warrants on any national securities exchange or other trading market. Without an active trading market, the liquidity of such securities will be limited. |

The above discussion is based on [ ] common shares issued and outstanding as of March 25, 2025, and excludes, as of that date, the following:

| ● | Public Warrants exercisable for up to 5,750 shares of Common Stock which have an exercise price of $11,420 per share; |
| ● | warrants to purchase up to 18,979 shares of Common Stock at an exercise price of $6,000 per share;                    |

| ● | June 2024 Warrants which are currently exercisable for up to [           ] shares of Common Stock at a current exercise price of $56.64 per share, all of which are currently exercisable;               |
| ● | June 2024 Placement Agent Warrants which are currently exercisable for up to [         ] shares of Common Stock at a current exercise price of $56.64 per share, all of which are currently exercisable; |
| ● | November Pre-Funded Warrants which are currently exercisable for up to [20,000] shares of Common Stock at a current exercise price of $0.0001 per share, all of which are currently exercisable;         |

| ● | November Series A Warrants which are currently exercisable for up to [996,636] shares of Common Stock at a current exercise price of $16.12 per share, all of which are currently exercisable; |
| ● | November Series B Warrants with a maximum exercisable eligibility for up to [11,256] shares of Common Stock at an exercise price of