Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 171

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 171
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 may not be a reliable indicator of its future results. 

The historical financial
information included in this Quarterly Report on Form 10-Qfrom Zoomcar’s operation as a private company prior to the Business Combination
does not necessarily reflect the results of operations and financial position we would have achieved as a publicly traded company during
the periods presented, or those that we will achieve in the future. This is primarily because of the following factors:

●Prior to the Business Combination, we operated as a private
company. Our historical financial information reflects allocations of corporate expenses as a private company. These allocations may
not reflect the costs we will incur for similar services in the future as a publicly traded company.

●Our historical financial information does not reflect changes
that we expect to experience in the future as a result of becoming a publicly traded company, including changes in the financing, insurance,
cash management, operations, cost structure and personnel needs of our business. As a publicly traded entity, we may be unable to purchase
goods, services and technologies, such as insurance and health care benefits and computer software licenses, or access capital markets,
on terms as favorable to us as those we obtained as a private company prior to the Business Combination, and our results of operations
may be adversely affected.

We also face additional costs
and demands on management’s time associated with being a publicly traded company, including costs and demands related to corporate
governance, investor and public relations and public reporting. Stockholder activism, the current political and social environment and
the current high level of government intervention and regulatory reform may lead to substantial new regulations and disclosure obligations,
which will likely result in additional compliance costs and could impact the manner in which Zoomcar operates its business in ways we
cannot currently anticipate. For additional information about our past financial performance, see “Management’s Discussion
and Analysis of Financial Condition and Results of Operations” and our Unaudited Condensed Consolidated Financial Statements and
the Notes thereto included elsewhere in this Quarterly Report on Form 10-Q.

104

Risks Related to Ownership of Our Common Stock

Future sales of our Common Stock could cause
the market price for our Common Stock to decline.

We cannot predict the effect,
if any, that market sales of shares of our Common Stock or the availability of shares of our Common Stock, including upon exercise or
conversion of any of our outstanding securities, for sale will have on the market price of our Common Stock prevailing from time to time.
Sales of substantial amount of shares of our Common Stock on the