Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 281

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 281
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 prospectus in electronic
format may be made available on a website maintained by the underwriter. In connection with the offering, the underwriter or selected
dealers may distribute prospectuses electronically. No forms of electronic prospectus other than prospectuses that are printable as Adobe®
PDF will be used in connection with this offering.

Other than the prospectus
in electronic format, the information on the underwriter’s website and any information contained in any other website maintained
by the underwriter is not part of the prospectus or the registration statement of which this prospectus forms a part, has not been approved
and/or endorsed by us or the underwriter in its capacity as an underwriter and should not be relied upon by investors.

Price Stabilization, Short Positions

In connection with this offering,
the underwriter may engage in activities that stabilize, maintain or otherwise affect the price of our common shares during and after
this offering, including:

| ● | stabilizing transactions;                            |
| ● | short sales;                                         |
| ● | purchases to cover positions created by short sales; |
| ● | imposition of penalty bids; and                      |
| ● | syndicate covering transactions.                     |

Stabilizing transactions
consist of bids or purchases made for the purpose of preventing or retarding a decline in the market price of our securities while this
offering is in progress. Stabilization transactions permit bids to purchase the underlying security so long as the stabilizing bids do
not exceed a specified maximum. These transactions may also include making short sales of our common shares, which involve the sale by
the underwriter of a greater number of common shares than they are required to purchase in this offering and purchasing common shares
on the open market to cover short positions created by short sales. Short sales may be “covered short sales,” which are short
positions in an amount not greater than the underwriter s’ option to purchase additional shares referred to above, or may be “naked
short sales,” which are short positions in excess of that amount.

The underwriter may close
out any covered short position by either exercising its option, in whole or in part, or by purchasing shares in the open market. In making
this determination, the underwriter will consider, among other things, the price of shares available for purchase in the open market as
compared to the price at which they may purchase shares through the over-allotment option.

Naked short sales are short
sales made in excess of the over-allot