Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 576

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 576
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 July 7, 2025.

The Company, thereafter on
August 04, 2025, issued a total of 4,525,000 RSUs to its employees and directors in accordance with the Incentive Plan and adjusted a
cancellation of 2077 RSUs owing to employee exits till August 11, 2025.

This Registration Statement
also registered the 1,000,000 shares of Common Stock issuable to Deepankar Tiwari, to induce the employee to accept employment as the
Company’s Chief Executive Officer pursuant to a consulting agreement between the Company and Mr. Tiwari dated May 9, 2025. The inducement
award was approved by the Board of Directors. The inducement award was granted outside of the Incentive Plan. Of the issued 1,000,000
shares to Deepankar Tiwari, 500,000 have vested as of date of filing of this Quarterly Report on Form 10-Q.

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 additional securities upon
adjustments included in our existing securities. For example, on June 18, 2024, we closed a private placement transaction of notes and
warrants for $3 million of gross proceeds, on November 7, 2024, we closed a private placement transaction of shares and warrants for $9.15
million of gross proceeds, on December 24, 2024, we consummated the First Closing of that December 2024 offering in which we issued shares
and warrants for $5,484,843 of gross proceeds, and on and January 31, 2025, we consummated the Second Closing of the December 2024 Offering
in which we issued shares and warrants for $1.44 million. On March 31, 2025, we consummated the Third Closing of the December 2024 Offering
wherein the Company issued securities for an aggregate of $15,639,099 without receiving any cash or cash equivalents as the securities
were issued to investors either (i) as consideration for waiving certain rights that such investors may have had in connection with a
most favored nations provision included in the transaction documents for a prior financing of Zoomcar, Inc.