Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 106

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 106
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 warrants as a result of the Reverse Split
(the “Series A Warrants”) and (ii) Series B Warrants to purchase initially no shares of Common Stock and then up to
a maximum of 2,004,955 shares of Common Stock subject to certain adjustments, at an initial exercise price of $0.002.

The Company has yet to file
a resale registration statement for resale of the securities that were issued in the Third Closing. While these securities continue to
be unregistered, upon filing of a resale registration statement and subsequent effectiveness of that registration statement, it is likely
that most of the securities registered for resale thereunder will be sold.

In addition, the shares of
Common Stock reserved for future issuance under the Incentive Plan will become eligible for sale in the public market once those shares
are issued, subject to any applicable vesting requirements, lock-up agreements and other restrictions imposed by law. As of June 27, 2025,
a total of 370,955 shares of Common Stock have been reserved for future issuance under the Incentive Plan, 19,609 shares of which have
been registered in a Form S-8 Registration Statement filed with SEC on February 11, 2025. On March 31, 2025, the number of shares of Common
Stock reserved under the Incentive Plan was increased by a number of shares of Common Stock equal to 15% of the number of shares of Common
Stock issued and outstanding on March 31, 2025, or an additional 369,311 shares. We intend to file a registration statement on Form S-8
under the Securities Act to register these additional shares of Common Stock or securities convertible into or exchangeable for shares
of Common Stock issued pursuant to the Incentive Plan. Accordingly, shares to be registered under such a registration statement will be
available for sale in the open market upon the effectiveness of the registration statement.

In the future, we may also
issue our securities to raise capital or in connection with investments or acquisitions. We may also issue additional securities upon
adjustments included in our existing securities. For example, on June 18, 2024, we closed a private placement transaction of notes and
warrants for $3 million of gross proceeds, on November 7, 2024, we closed a private placement transaction of shares and warrants for
$9.15 million of gross proceeds, on December 24, 2024, we consummated the December Offering