Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 467

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 4
Chunk 467
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 the future (in the case of ACM, subject to receipt of shareholder approval).
The issuance of shares of Common Stock or other securities in the future will dilute your percentage ownership interest and may also result
in downward pressure on the price of our Common Stock.

We will finance our immediate
cash needs (and expect to finance our future cash needs until we become profitable, if ever) through equity offerings, debt financings
or other third-party funding, marketing and distribution arrangements and other collaborations, strategic alliances and licensing arrangements.
We will require substantial funding to fund our business. In June 2024 we issued warrants that contain an “alternative cashless
exercise” provision which gives the warrant holder the right to exchange the warrant on a one-for-one basis for shares of Common
Stock at any time that the warrant is exercisable without any cash payment and without regard to the then market price of the Company’s
Common Stock or exercise price of the warrant. In addition, the warrants include a provision that resets the warrant exercise price with
a proportionate adjustment to the number of shares underlying the warrant in the event of a reverse split of the Company’s Common
Stock at any time between the issuance date and the three year anniversary of the issuance date (a “Share Combination Event”).
In the event of a Share Combination Event, the exercise price of the warrant will be reset to a price equal to the lesser of (i) the
then exercise price and (ii) the lowest volume weighted average price (VWAP) during the period commencing five trading days immediately
after the date the Company effects both the reverse stock splits, subject to a floor price of $283.2 prior to receipt of stockholder approval
or $56.64 following receipt of stockholder approval (in each case, adjusted for any stock dividend, stock split, stock combination, reclassification
or similar transaction, the “Floor Price”). The warrants are also subject to full ratchet anti-dilution protection
for any issuances of Company securities (other than certain excluded issuances) at a price or effective price (as determined in accordance
with the terms of the warrant, the “Dilutive Issuance Price”) that is less than the then current exercise price of
the warrants following the issuance date (a “Dilutive Issuance”). In the event of a Dilutive Issuance, the exercise
price of the warrants will be reduced to the lower of the Dilutive Issuance Price and the lowest VWAP