Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 21

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 21
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 for an aggregate investment of $9.15 million, $2.5 million of which was provided by one of the Company’s directors. Each unit consisted of one (1) share of Common Stock, two Series A Warrants each to purchase one share ofCommon Stock (the “November Series A Warrants”) and a Series B Warrant to purchase such number of shares of Common Stock, as determined under the terms of the documents relating to the November Offering (the “November Series B Warrants”). The purchasers were provided with the option to have all or a portion of the shares of Common Stock issued pursuant to Pre-Funded Warrants to the extent that the issuance of shares of Common Stock would cause any of such purchaser to beneficially own more than 4.99% or 9.99% of the shares of Common Stock outstanding, at the option of each purchase (the “November Pre-Funded Warrants”). After the deduction of fees and expenses payable to Aegis Capital Corp., the placement agent in connection with the November Offering (the “Placement Agent”) and other offering expenses, including legal fees payable to the Company’s and Placement Agent’s counsel, the net proceeds to the Company was $7.625 million. Proceeds were also used to repay $3.804 million of outstanding indebtedness to debt investors pursuant to an offering in June 2024. Further, $200,000 of the proceeds were held back in a separate escrow account for the payment of any indemnification liabilities suffered by the Placement Agent. All shares of Common Stock, shares of Common Stock (other than the shares of Common Stock issued to the NovemberSelling Holders included in this prospectus), issuable upon exercise of pre-funded warrants issued in the November Offering and shares of Common Stock issuable upon the maximum number of shares of Common Stock issuable upon exercise of the November Series B Warrants (other than the shares of Common Stock issuable upon exercise of the November Series B Warrants to the November Selling Holders included in this prospectus) were registered for resale in the Company’s Registration Statement on Form S-1 filed by the Company with the SEC on December 2, 2024, and declared effective on December 13, 2024 (the “Initial November Offering Resale Registration Statement”). For more information on the terms of the November Offering, see “ Private Placements.” 5 The December Offering On December 23, 2024, the Company entered into the December Securities Purchase Agreement, in connection with the December Offering and