Company: ZCARW
Filing Date: 2025-01-21
Form Type: DEF 14A
Source: 0001213900-25-005022
Chunk: 28

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-01-21
Form: DEF 14A
Chunk 28
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ale Registration Effective Date. The Company is required to ensure that the initial registration statement is effective within twenty
(20) calendar days of the filing date (up to forty-five (30) calendar days if the SEC conducts a full review) (the effective date of such
registration statement, the “Reg D Offering Registration Effective Date”).

In connection with the Reg
D Offering, the Company retained Aegis to act as the placement agent. For acting as the placement agent, the Company agreed to pay the
Aegis, subject to certain exceptions: (i) a cash fee equal to ten percent (10%) of the aggregate gross proceeds raised by the Aegis in
the offering (five percent (5%) with respect to certain Reg D Investors who were deemed to be “insiders”),
(ii) a non-accountable expense allowance of three percent (3.0%) of the aggregate gross proceeds raised by the Aegis in the offering (one and one-half percent (1.5%) with respect to “insiders”), (iii) a five-year warrant to purchase up to 10% of the number
of shares of Common Stock issued and issuable pursuant to any Reg D Investors Pre-Funded Warrants at an exercise price equal to one hundred
twenty-five percent (125%) of the applicable Nasdaq Minimum Price with respect to each Closing and (iv) Series A Placement Agent Warrants
and Series B Placement Agent Warrants, in substantially the same form as the Reg D Investors Series A Warrants and Reg D Investors Series B Warrants, respectively, for ten percent (10%)
of the number of shares exercisable by the Reg D Investors pursuant to the Reg D Investors Series A Warrants and the Reg D Investors Series
B Warrants issued to the Reg D Investors. The Company also agreed to pay a warrant solicitation fee of five percent (5%) of the proceeds
received from the cash exercise of any of the Reg D Investors Series A Warrants.

A first closing of the Reg
D Offering was held on December 24, 2024 (the “Reg D Offering First Closing Date”) at which the Company raised gross
proceeds of approximately $5.48 million and net proceeds of approximately $4.79 million after payment of placement agent fees. On the
Reg D Offering First Closing Date the Company issued to the Reg D Investors therein participating (i) 3,095,925 shares of Common Stock,
(ii) Reg D Investors Pre-Funded Warrants to purchase up to