Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 107

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 107
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 at pricing. Assuming a gross proceed of $2.5 million with no change in the offering price, the net tangible asset would be $(20,363,432). Assuming a gross proceed of $5 million with no change in the offering price, the net tangible asset would be $(18,075,932). Assuming a gross proceed of $7.5 million with no change in the offering price, the net tangible asset would be $(15,788,432). Assuming a gross proceed of $10 million with no change in the offering price, the net tangible asset would be $(13,500,932). The above discussion is based on 338,912 shares of Common Stock issued and outstanding as of December 31, 2024. The discussion above also assumes no sale of Pre-Funded Warrants, which, if sold, would reduce the number of shares of Common Stock that we are offering on a one-for-one basis. 57 DIVIDEND POLICY We have never declared or paid any cash dividends on our shares of Common Stock to date and do not intend to pay cash dividends. We anticipate that we will retain all available funds and any future earnings, if any, for use in the operation of our business and do not anticipate paying cash dividends in the foreseeable future. In addition, future debt instruments may materially restrict our ability to pay dividends on our shares of Common Stock. Payment of future cash dividends, if any, will be at the discretion of the board of directors after taking into account various factors, including our financial condition, operating results, current and anticipated cash needs, the requirements of then-existing debt instruments and other factors the board of directors deems relevant. MARKET INFORMATION Our shares of Common Stock are quoted on the OTCQX under the symbol “ZCAR.” As of May 07, 2025, there were approximately 731 holders of record of our shares of Common Stock. This includes Cede & Co., which holds shares on behalf of the beneficial owners of the Company’s shares of Common Stock. Because brokers and other institutions hold many of our shares on behalf of stockholders, we are unable to estimate the total number of stockholders represented by these record holders. 58 Management’s Discussion and Analysis of Financial Condition and Results of Operations The following “Management’s Discussion and Analysis of Financial Condition and Results of Operations” should be read in conjunction with the “Business” section and our unaudited condensed consolidated financial statements for the three and nine months ended December 31, 2024 and 2023