Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 703

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 3
Chunk 703
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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 issuance cost of $5000. This note is subject to a default penalty
amounting to increase in the principal amount by 50% and includes customary events of default and covenants.

The amount of shares of Common
Stock issued or issuable upon exercise or conversion of securities issued in connection with a capital raise or an investment or acquisition
or any such bridge notes could constitute a material portion of the then-outstanding shares of the Common Stock. Any issuance of additional
securities in connection with capital raising activities, investments or acquisitions may result in additional dilution to our stockholders.

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds

There were no other sales
of equity securities during the period covered by this Report that were not registered under the Securities Act and were not previously
reported in a Current Report on Form 8-K filed by the Company except as set forth below:

On July 31, 2025, the Company
issued a $56,500 aggregate principal amount of unsecured bridge promissory note (the “Boot Note”) to Boot Capital LLC (“Boot”),
an accredited investor, for cash proceeds of $50,000 after accounting for an original issue discount of $6,500. The Boot Note is convertible
into shares of the Company’s common stock upon default under the terms of the note and is subject to customary covenants and events
of default and is convertible at a variable per share price equivalent to 75% of Market Price based on the lowest Trading Price for the
common stock during the ten (10) trading day period ending on the latest complete Trading Day prior to the Conversion Date. The issuance
was made in reliance on Section 4(a)(2) and/or Rule 506(b) of the Securities Act of 1933, as amended. No underwriters or brokers were
involved in the transaction. The Company intends to use the proceeds for working capital in its day-day to operations.

On July 31, 2025, the Company issued a $149,725 aggregate principal amount of unsecured bridge promissory note (the “DLL Note”)
to 1800 Diagonal Lending LLC, (“DLL”), an accredited investor, for cash proceeds of $132,500 after accounting for an original
issue discount of $