Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1503

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 4
Chunk 1503
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(48,593)
  
    Reclassification to net income: Amortization losses/(gains) 
     (6,624) 
     (21,124)
  
    Balance, end of period 
    $(18,186) 
    $46,101 

    Foreign currency translation adjustment 

    Balance, beginning of period 
    $1,749,891  
    $1,712,181 
  
    Translation adjustments gain recognized during the period, net of taxes amounts to $NIL 
     399,817  
     37,710 
  
    Balance, end of period 
    $2,149,708  
    $1,749,891 
  
    Accumulated other comprehensive income 
    $2,131,522  
    $1,795,992 

(This space has been left intentionally blank)

F-34

    ZOOMCAR HOLDINGS, INC.
  
    NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

    23
    Capital Stock and Warrants

    During the year, the Company executed four equity offerings. These offerings involved the sale of Common Stock, Pre-Funded Warrants, Series A Warrants and a maximum number of Series B Warrants as defined in the respective agreements. All securities issued have been adjusted to reflect the Second Reverse Stock Split. During the year, the Company issued 773,785 common shares, 106,350 pre-funded warrants, and 4,217,882 Series A Warrants. Pre-funded warrants are exercisable at any time at nominal prices of $0.002. 21,750 Pre Funded Warrants were exercised and converted into common stock by March 31, 2025. On the Reset Date, as defined in the agreement, the exercise price of the warrants shall be adjusted to equal the lower of the exercise price and the Reset Price. Upon such reset, the number of warrant shares issuable upon exercise shall be increased such that aggregate exercise price remains unchanged.         Out of above, a total of 523,318 Common Stock, 28,000 Pre-Funded Warrants,
3,454,810 Series A Warrants and maximum number of Series B warrants as per agreement were issued in settlement of litigation with Randall
Yanker, settlement of litigation with Aegis Capital Corp and Ellenoff Grossman & Schole LLP and to the investors in exchange for waivers
of rights under prior financing agreements. These have been recorded as