Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 693

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 3
Chunk 693
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    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.

113

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 public market, or the perception that those sales will occur, including
sales pursuant to this quarterly report, could cause the market price of our Common Stock to decline or be depressed.

As described elsewhere herein,
we expect to issue additional securities in the future to raise capital to continue our operations. Additionally, we may issue our securities
if we need to raise capital in connection with capital expenditure, working capital requirement or acquisition. The number of shares of
our Common Stock issued in connection with a capital expenditure, working capital requirement or acquisition could constitute a material
portion of our then-outstanding shares of Common Stock. Any perceived excess in the supply of our shares in the market could negatively
impact