Company: ZCARW
Filing Date: 2025-04-04
Form Type: 8-K
Source: 0001213900-25-029037
Chunk: 2

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-04-04
Form: 8-K
Item: Item 1.01
Chunk 2
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 of shares of Common Stock that the Series B Warrants may be exercisable into
is 2,004,955 shares. The Third Closing occurred as of March 31, 2025. As mentioned above, the Company did not receive any proceeds at
the Third Closing.

All other terms and conditions
of the Securities Purchase Agreement are the same as those in the December 2024 SPA and the January 2025 SPA, provided that all pricing
terms, with respect to the Third Closing, reflect the Reverse Split. The description of the Securities issued at the Third Closing is
the same as the securities issued by the Company at the First Closing and the Second Closing.

Placement Agent

In connection with the Offering, the Company retained Aegis Capital
Corp., pursuant to a Placement Agent Agreement (the “ PAA”) to act as the placement agent (“Aegis”).

Since the Company did not receive any proceeds from the sale of the
Securities at the Third Closing, the Company did not pay Aegis any cash compensation and did not issue Aegis any Placement Agent Warrants
at the Third Closing. For more information regarding the PAA and the compensation arrangement between the Company and Aegis, please see
the December 2024 Form 8-K and February 2025 Form 8-K.

Private Placement Offering

None of the securities sold
in the Offering, including those issued at the Third Closing, have been registered under the Securities Act of 1933, as amended (the “Securities
Act”), and were offered and sold pursuant to an exemption from registration under Section 4(a)(2) of the Securities Act and
Section 506(b) of Regulation D promulgated under the Securities Act.

The foregoing description
of the Offering and the Third Closing does not purport to be complete and is qualified in its entirety by reference to the Securities
Purchase Agreement, the Series A Warrants, the Series B Warrants, the Registration Rights Agreement, and the Placement Agent Agreement,
copies of which are filed as Exhibits 10.1, 4.1, 4.2, 4.3, 10.2 and 10.3, respectively to this Current Report on Form 8-K.

Settlement Agreements

The Company entered into a settlement (the “ Aegis
Settlement”) with Aegis and certain affiliated parties (the “Aegis Settlement Parties”). Pursuant to the
Aegis Settlement, the Aegis Settlement Parties agreed to settle and dismiss an existing