Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 3

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 3
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 of our Common Stock by the Selling Holders or the perception in the market that holders of a large number of shares intend to sell their shares, the market price of shares of our Common Stock could decline significantly and the volatility of the market price of our Common Stock could increase significantly. Sales of a substantial number of shares of our Common Stock by the Selling Holders in the public market could occur at any time. Sales of our Common Stock by the Selling Holders, or the perception that such sales may occur, may also cause the market price of our Common Stock to drop significantly even if our business is doing well. See “Risk Factors.” Our registration of the securities covered by this prospectus does not mean that the Selling Holders will offer or sell any of the securities. The Selling Holders may offer and sell the securities covered by this prospectus in a number of different ways and at varying prices. We provide more information about how the Selling Holders may sell the shares in the section entitled “ Plan of Distribution.” In addition, certain of the securities being registered hereby are subject transfer restrictions that may prevent the Selling Holders from offering or selling such securities upon the effectiveness of the registration statement of which this prospectus is a part. See “ Description of Securities” for more information. You should read this prospectus and any prospectus supplement or amendment carefully before investing in our securities. Our Common Stock trades on the Nasdaq Global Market under the symbol “ZCAR,” and certain of our warrants (the “Public Warrants”) trade on the Nasdaq Capital Market under the symbol “ZCARW.” On February 26, 2025, the closing price of our Common Stock as reported by The Nasdaq Stock Market LLC was $0.547 per share and the closing price of our Public Warrants as reported by Nasdaq was $0.017. Each of our Public Warrants is exercisable for one share of Common Stock at an exercise price of $571 per share (see “ Description of Securities” regarding the recent adjustment to the exercise price of the Public Warrants). On October 21, 2024, the Company effected a reverse stock split of its Common Stock at a ratio of 1-for 100 (the “Reverse Stock Split”). The Common Stock began trading on the Nasdaq Global Market on a post-Reverse Split basis at the beginning of trading on October 22, 2024. As a result every one hundred (100) shares of Common Stock then issued and outstanding was automatically converted into one (1) share