Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 243

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 243
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 court were to find either exclusive-forum provision in the Charter to be inapplicable or unenforceable in an action, Zoomcar may incur further significant additional costs associated with resolving the dispute in other jurisdictions, all of which could seriously harm Zoomcar’s business. Section 203 of the Delaware General Corporation Law.Zoomcar is subject to Section 203 of the DGCL, which prohibits a Delaware corporation from engaging in any business combination with any interested stockholder for a period of three years after the date that such stockholder became an interested stockholder, with the following exceptions:

| ● | before such date, the board of directors                                                                                               
 of the corporation approved either the business combination or the transaction that resulted in the stockholder becoming an interested 
 stockholder;                                                                                                                           |

| ● | upon completion of the transaction                                                                                                          
 that resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock      
 of the corporation outstanding at the time the transaction began, excluding for purposes of determining the voting stock outstanding (but   
 not the outstanding voting stock owned by the interested stockholder) those shares owned (i) by persons who are directors and also officers 
 and (ii) employee stock plans in which employee participants do not have the right to determine confidentially whether shares held subject  
 to the plan will be tendered in a tender or exchange offer; or                                                                              |

| ● | on or after such date, the business                                                                                                     
 combination is approved by the board of directors and authorized at an annual or Extraordinary General Meeting of the stockholders, and 
 not by written consent, by the affirmative vote of at least 662∕3% of the outstanding voting stock that is not owned by the interested  
 stockholder.                                                                                                                            |

In general, Section 203 of the DGCL fines a “business combination” to include the following:

| ● | any merger or consolidation involving           
 the corporation and the interested stockholder; |

| ● | any sale, transfer, pledge or other                                                               
 disposition of 10% or more of the assets of the corporation involving the interested stockholder; |

| ● | subject to certain exceptions, any                                                                                                     
 transaction that results in the issuance or transfer by the corporation of any stock of the corporation to the interested stockholder; |

| ● | any transaction involving the corporation                                                                                              
 that has the effect of increasing the proportionate share of the stock or any class or series of the corporation beneficially owned by 
 the interested stockholder; and