Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 983

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 1A
Chunk 983
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 attributable
to the loan raised, thereby bringing the total debt issuance costs to $55,500.

On July 31, 2025 , the Company
entered into Securities Purchase Agreements with certain institutional accredited investors pursuant to which the Company issued Bridge
notes for a total principal amount of $206,225 with an initial issue discount of $23,725. The net proceeds disbursed to the Company were
$175,000 after deduction of legal and due diligence fees of $7,500.

On August 19, 2025, the Company
closed a Securities Purchase Agreement (“Labrys SPA”) with Labrys Fund II, L.P. (“Labrys”) pursuant to which it
issued a promissory note totaling $180,000 at a discount of $18,000. The note is repayable in 12 months maturing on August 19, 2026 with
interest accruing at 12 % per annum on the outstanding principal. The Company received net proceeds of $158,500 after adjusting deduction
of legal and due diligence fees of $3,500.

On August 24, 2025, the Company
issued a convertible note to AES Capital Management, LLC(“AES”) totaling $112,500 through 2 convertible notes of $75,000,
and $37,500 respectively (“AES Notes”). The note amounting $75,000 is the “Primary Note” and the subsequent note
of $37,500 is the “Secondary Note”. The AES Notes are repayable in 12 months from their respective closing dates with interest
accruing at 8% per annum on the outstanding principal. As of date of filing of this 10-Q, the Company received net proceeds of $ 71,000
after adjusting deduction of legal and due diligence fees of $4,000 from the issuance and closing of the Primary Notes.  

On August 24, 2025, the Company
issued a convertible note to CFI CAPITAL LLC (“CFI”) totaling $150,000 at a discount of $15,000 (“CFI Note”).
The CFI Note is repayable in 12 months maturing on August 24, 2026 with interest accruing at 6 % per annum on the outstanding principal.
The Company received net proceeds of $130,000 after adjusting legal cost of $5000.

We believe that the current
cash and cash equivalents will allow us to continue operations through March 31, 2026 assuming we do not