Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 581

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 581
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 the OTC Markets or any exchange upon which the common stock may be
traded in the future, for the seven prior trading days including the day upon which a Notice of Conversion is received by the Company
and is subject to a beneficial ownership limitation. The issuance was made in reliance on Section 4(a)(2) and/or Rule 506(b). No underwriters
or brokers were involved. The Company intends to use the proceeds for working capital in its day-day to operations.

On August 24, 2025, the Company
issued $150,000 aggregate principal amount of unsecured convertible promissory notes (the “CFI Note”) to CFI CAPITAL LLC (“CFI”)
an accredited investor for cash proceeds of $130,000. The CFI Note matures on August 24, 2026; bears interest at 6% and is convertible
into shares of our common stock upon default and other specified triggers pertaining to insolvency, delisting, certain money judgements,
failure to convert shares etc. at a variable per share conversion price equivalent to 72% of the lowest trading price of the common stock
as reported on the OTC Markets on then traded or any exchange upon which the common stock may be traded in the future for the fifteen
prior trading days including the day upon which a Notice of Conversion is received by the Company per share, subject to beneficial ownership
limitation. The issuance was made in reliance on Section 4(a)(2) and/or Rule 506(b). No underwriters or brokers were involved. The Company
intends to use the proceeds for working capital in its day-day to operations. 

Item 3. Defaults Upon Senior Securities

There were no defaults upon
senior securities during the period covered by this Report.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

During the quarter ended September 30, 2025, none of our directors
or officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted or terminated any contract, instruction or written plan for the
purchase or sale of our securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act, and
none of our directors or officers adopted or terminated any non-Rule 10b5-1 trading arrangements.

Item 6. Exhibits

The following exhibits are
filed as part of, or incorporated by reference into, this Quarterly Report on