Company: ZCARW
Filing Date: 2025-01-10
Form Type: PRER14A
Source: 0001213900-25-002658
Chunk: 41

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-01-10
Form: PRER14A
Chunk 41
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 of whole shares of Common Stock so that we are not obligated to issue cash in lieu of any fractional
shares that such Common Stockholder would have received as a result of the Reverse Split. The number of shares of our Common Stock that
may be purchased upon exercise of outstanding options or exercise or conversion of other securities convertible into, or exercisable
or exchangeable for, shares of our Common Stock, and the exercise or conversion prices for these securities, will also be ratably adjusted
in accordance with their terms as of the Effective Time.

Effect on Registration

Our Common Stock is currently
registered under the Securities Act of 1933, as amended, and we are subject to the periodic reporting and other requirements
of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The proposed Reverse
Split will not affect the registration of our Common Stock.

Fractional Shares; Exchange of Stock Certificates

Our Board does not intend
to issue fractional shares of Common Stock in connection with the Reverse Split. Therefore, we do not expect to issue certificates representing
fractional shares. In lieu of any fractional shares, we will issue to stockholders of record who would otherwise hold a fractional share
because the number of shares of Common Stock they hold of record before the Reverse Split is not evenly divisible by the Reverse Split
ratio that number of shares of Common Stock as rounded up to the nearest whole share. For example, if a stockholder holds 150.25 shares
of Common Stock following the Reverse Split, that stockholder will receive a certificate representing 151 shares of Common Stock.
No stockholders will receive cash in lieu of fractional shares.

As of the Record Date,
we had 719 holders of record of our Common Stock (although we have significantly more beneficial holders). We do not expect the Reverse
Split and the rounding up of fractional shares to whole shares to result in a reduction in the number of record holders. We presently
do not intend to seek any change in our status as a reporting company for federal securities law purposes, either before or after the
Reverse Split.

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On or after the Effective
Time, we will mail a letter of transmittal to each stockholder. Each stockholder will be able to obtain a certificate evidencing his,
her or its post-Reverse Split shares only by sending the exchange agent (who will be the Company’s transfer agent) the stockholder’s
old stock certificate(s), together with the properly executed and completed letter