Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 256

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 256
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 removal of existing management. At present,
we have no plans to issue any preferred stock.

Warrants

Pre-Funded Warrants have
an initial exercise price equal to $0.0001 per share of Common Stock. The Pre-Funded Warrants were exercisable immediately, and may be
exercised at any time until the Pre-Funded Warrants are exercised in full. The exercise price and number of shares of Common Stock issuable
upon exercise is subject to appropriate proportional adjustment in the event of share dividends, share splits, reorganizations or similar
events affecting shares of our Common Stock and the exercise price.

The Pre-Funded Warrants may
also be exercised, in whole or in part, at any time by means of “cashless exercise” in which the holder shall be entitled
to receive upon such exercise (either in whole or in part) the net number of shares of Common Stock determined according to a formula
set forth in the Pre-Funded Warrants.

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Except as otherwise provided
in the Pre-Funded Warrants or by virtue of such holder’s ownership of the underlying shares of Common Stock, the holders of the
Pre-Funded Warrants do not have the rights or privileges of holders of shares of our Common Stock, including any voting rights, until
they exercise their Pre-Funded Warrants.

In the event of a fundamental
transaction, as described in the Pre-Funded Warrants and generally including any reorganization, recapitalization or reclassification
of our shares of Common Stock, the sale, transfer or other disposition of all or substantially all of our properties or assets, our consolidation
or merger with or into another person, the acquisition of more than 50% of our outstanding shares of our Common Stock, the holders of
the Pre-Funded Warrants will be entitled to receive upon exercise of the Pre-Funded Warrants the kind and amount of securities, cash or
other property that the holders would have received had they exercised the Pre-Funded Warrants immediately prior to such fundamental transaction.

The
November Series A Warrants were initially exercisable at an exercise price of $4.03 per share and contain a reset adjustment occurring
on the date that is the later of (a) ten trading days after Stockholder Approval or (b) the earliest of (i) the date which is ten consecutive
trading days Resale Registration Effective Date or (ii) 12 months and ten trading days following the issuance date of the November