Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 862

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 1
Chunk 862
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 particular, the following considerations, among
others, may offset our competitive strengths or have a negative effect on our business strategy, which could cause a decline in the price
of shares of our Common Stock or Public Warrants and result in a loss of all or a portion of your investment.

Any of the risk factors we
describe below have affected or could materially adversely affect our business, financial condition and results of operations. The market
price of our securities could decline, possibly significantly or permanently, if one or more of these risks and uncertainties occurs:

●We
have a history of operating losses and negative cash flow, we have limited cash resources, we will need to raise funds imminently to
finance operations and as a result there is substantial doubt about our ability to continue as a going concern;

●Our
Common Stock is quoted on an OTC Markets Group trading platform, the OTCQB, instead of a national exchange or quotation system. Accordingly, our
investors may experience significant volatility in the market price of our Common Stock and have difficulty selling their shares.

●Because
our Common Stock is quoted on the OTCQB and not listed on a national
exchange, U.S. broker-dealers may be discouraged from effecting transactions in shares of our Common Stock because it may be considered
a penny stock and thus be subject to the penny stock rules.

●Failure to comply with the continued qualification standards within,
and any removal from OTCQB could materially and adversely affect the liquidity and market price of our common stock and our access to
capital.

●Our
current business model’s limited operating history and financial results make our future results, prospects, and the risks we may
encounter difficult to predict.

    ●
    In addition to our defaults under current indebtedness described elsewhere here, certain of our debt financing arrangements are currently in default and we have delayed certain other payments to lenders, which may restrict our current and future business and operations; 

    ●
    We require additional capital to support current operations and will require additional capital to support the growth of our business, which may not be available on terms acceptable to us, or at all.

    ●
    Future sales of our securities may affect the market price of the Common Stock and result in material dilution, including the anti-dilution protection in the warrants issued in 2024. We are also in default of various outstanding debt obligations, including under the Notes issued to ACM, and may issue shares of Common Stock or other securities to satisfy