Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 121

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 121
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2023, change in the fair value of Atalaya note resulted in $1.73 million expenses during the nine months ended December 31, 2023 as compared to the same being gain and accounted under other income during the nine months ended December 31, 2024. Additionally, note issue expenses reduced to Nil during the nine months ending December 31, 2024, as compared to $1.56 million incurred during the nine months ended December 31, 2023. This decrease has been partially offset by increase in the cost is primarily due to issuance cost on issuance of November 2024 and December 2024 private placement offerings amounting to $ 2.87 million, $2.00 million in accrued interest on a redeemable promissory note and $0.40 million increase in borrowing cost respectively during the three months ended December 31, 2024, compared to the three months ended December 31, 2023. This increase has been partially offset Gain on troubled debt restructuring

|                                     |     | Three months ended December 31, 
 2024                            |          |   |     | 2023 |   |     | Change |          |   |     | %      
 Change |     |   |     | Nine months ended December 31, 
 2024                           |          |   |     | 2023 |   |     | Change |          |   |     | %      
 Change |     |   |
|:------------------------------------|:----|:--------------------------------|:---------|:--|:----|:-----|:--|:----|:-------|:---------|:--|:----|:-------|----:|:--|:----|:-------------------------------|:---------|:--|:----|:-----|:--|:----|:-------|:---------|:--|:----|:-------|----:|:--|
| Gain on troubled debt restructuring |     | $                               | (124,299 | ) |     | $    | - |     | $      | (124,299 | ) |     |        | 100 | % |     | $                              | (476,746 | ) |     | $    | - |     | $      | (476,746 | ) |     |        | 100 | % |

Gain on troubled debt restructuring during the three months ended December 31, 2024, was $0.12 million vs Nil during