Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 1241

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 4
Chunk 1241
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 Common Stock.

Future sales, or the perception of future
sales, by us or our stockholders in the public market could cause the market price for the Common Stock to decline.

The sale of shares of our
Common Stock on the public market, or the perception that such sales could occur, could harm the prevailing market price of shares of
Common Stock. These sales, or the possibility that these sales may occur, also might make it more difficult for us to sell equity securities
in the future at a time and at a price that it deems appropriate.

As on February 10, 2025 we
have a total of 7,846,450 shares of Common Stock outstanding (i) without giving effect to any awards that may be issued under the Incentive
Plan and (iii) assuming no exercise of the outstanding options or warrants. All shares currently held by public stockholders and all of
the shares issued in the Business Combination to former Zoomcar Stockholders are freely tradable without registration under the Securities
Act, and without restriction by persons other than our “affiliates” (as defined under Rule 144 under the Securities Act, (“Rule
144”)), including our directors, executive officers, and other affiliates.

120

In addition, the shares of Common Stock
reserved for future issuance under the Incentive Plan will become eligible for sale in the public market once those shares are issued,
subject to any applicable vesting requirements, lock-up agreements and other restrictions imposed by law. As of January 31, 2025, a total
of 392,188 shares of Common Stock have been reserved for future issuance under the Incentive Plan.

On February 11, 2025, the Company has
filed Form S-8 Registration Statement with the U.S. Securities and Exchange Commission (SEC), to register an aggregate of 392,189 shares
of Common Stock, which are reserved for issuance under Zoomcar Holdings, Inc. 2023 Equity Incentive Plan. This Registration Statement
is being filed in order to register the Registrant’s Common Stock that may be offered or sold to participants under the Plan, either
directly or upon exercise of options or other share-based awards granted under the Plan.

Accordingly, shares registered under such a registration statement
will be available for sale in the open market upon the effectiveness of the registration statement.

In the future, we may also issue our securities to raise capital or
in connection with investments or acquisitions. We may also issue