Company: ZCARW
Filing Date: 2025-01-21
Form Type: DEF 14A
Source: 0001213900-25-005022
Chunk: 16

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-01-21
Form: DEF 14A
Chunk 16
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 if the per unit purchase price had been the price determined pursuant to the VWAP Formula. For the purposes of determining the reset price, the VWAP Formula will be subject to a minimum price of $0.806, which is the floor price set after the Institutional Offering Stockholder Approval is obtained.

Pursuant to the terms of the
Institutional Offering Securities Purchase Agreement, the Company is required to hold a special meeting of stockholders (which may also
be at the annual meeting of stockholders) at the earliest practicable date after the issuance date, but in no event later than sixty (60)
days after the Institutional Offering Closing Date for the purpose of obtaining stockholder approval for the exercisability of the Institutional
Investors Bridge Warrants and for certain of the provisions included therein, including, adjustments to the exercise price and number
of shares issuable upon exercise of the Institutional Investors Bridge Warrants (a) following a Dilutive Issuance (as defined hereafter),
(b) in connection with any reset of the Institutional Investors Bridge Warrants, (c) in connection with any Share Combination Event (as
defined hereafter), (d) in connection with any increase in the maximum eligibility amount of shares issuable under the Institutional Investors
Series B Warrants and (v) in connection with any voluntary adjustment of the exercise price of the Institutional Investors Series A Warrants
(“Institutional Offering Stockholder Approval”). In the event Institutional Offering Stockholder Approval does not
occur, the Company will be required to hold additional meetings at least one time every sixty (60) days until the earlier of the date
Institutional Stockholder Approval is obtained or the Institutional InvestorsBridge Warrants
are no longer outstanding. In the event that the Company is unable to obtain Institutional Stockholder Approval, the Institutional InvestorsBridge Warrants will not be exercisable and therefore will have no value.

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The Institutional Investors Bridge Warrants contain a standard cashless exercise provision permitting the holder to exercise the Institutional InvestorsBridge Warrants on a cashless basis if the market price of the Common Stock at the time of exercise is in excess of the
exercise price of the Institutional InvestorsBridge Warrants and there is not an effective
resale registration statement available for the resale of the Institutional InvestorsBridge
Warrants.

In addition, the Institutional Investors Series A Warrants include a provision that resets the exercise price of the Institutional Investors Series A Warrants with a proportionate adjustment to the number of shares