Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 342

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 342
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On July 31, 2025 , the Company
entered into Securities Purchase Agreements with certain institutional accredited investors pursuant to which the Company issued Bridge
notes for a total principal amount of $206,225 with an initial issue discount of $23,725. The net proceeds disbursed to the Company were
$175,000 after deduction of legal and due diligence fees of $7,500.

On August 19, 2025, the Company
closed a Securities Purchase Agreement (“Labrys SPA”) with Labrys Fund II, L.P. (“Labrys”) pursuant to which it
issued a promissory note totaling $180,000 at a discount of $18,000. The note is repayable in 12 months maturing on August 19, 2026 with
interest accruing at 12 % per annum on the outstanding principal. The Company received net proceeds of $158,500 after adjusting deduction
of legal and due diligence fees of $3,500.

On August 24, 2025, the Company
issued a convertible note to AES Capital Management, LLC(“AES”) totaling $112,500 through 2 convertible notes of $75,000,
and $37,500 respectively (“AES Notes”). The note amounting $75,000 is the “Primary Note” and the subsequent note
of $37,500 is the “Secondary Note”. The AES Notes are repayable in 12 months from their respective closing dates with interest
accruing at 8% per annum on the outstanding principal. As of date of filing of this 10-Q, the Company received net proceeds of $ 71,000
after adjusting deduction of legal and due diligence fees of $4,000 from the issuance and closing of the Primary Notes.  

On August 24, 2025, the Company
issued a convertible note to CFI CAPITAL LLC (“CFI”) totaling $150,000 at a discount of $15,000 (“CFI Note”).
The CFI Note is repayable in 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 legal cost of $5000.

We believe that the current
cash and cash equivalents will allow us to continue operations through March 31, 2026 assuming we do not make any payments on our currently
outstanding indebtedness and withhold some future accruals, however