Company: ZCARW
Filing Date: 2025-02-18
Form Type: 8-K
Source: 0001213900-25-014877
Chunk: 1

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-18
Form: 8-K
Item: Item 5.07
Chunk 1
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approval, for purposes of complying with applicable Nasdaq Listing Rules, (i) the purchase of shares of the Company’s Common Stock
and shares of Common Stock issuable upon the exercise of certain unregistered warrants (collectively, the “ Reg D Investors Bridge
Warrants”), equal to or exceeding 20% of the outstanding shares of Common Stock, in a private placement offering of up to $30,000,000
of securities of the Company made or to be made to certain accredited investors (the “Reg D Investors”), pursuant to
an Amended and Restated Private Placement Memorandum, dated December 3, 2024, as such may be further amended from time to time, with an
offering period expiring on March 31, 2025 (the “Reg D Offering”), and (ii) the issuance of Common Stock and Reg D
Investors Bridge Warrants in the Reg D Offering to the Company’s Acting Chief Executive Officer and the Consultant (as defined below),
in the event that such issuance is deemed to be compensation under the Nasdaq Listing Rules. The vote on the proposal was as follows:

  FOR                     AGAINST                  ABSTAIN                 BROKER                    
                                                                           NON-VOTES                 
 ─────────────────────────────────────────────────────────────────────────────────────────────────────
           2,507,295                   36,125                   2,402                     1,112,113  

Proposal No. 2 was approved
by a majority of the votes cast. To the extent a holder of Common Stock as of the Record Date was also a holder of Reg D Investors Bridge
Warrants, such holder was not permitted to vote on proposal 2.

Proposal No. 3: Approval of Amendment to the
2023 Equity Incentive Plan

The third proposal was the
approval of an amendment to the Company’s 2023 Equity Incentive Plan (the “2023 Plan”), to be effective as of
March 31, 2025, if approved by the stockholders, amending Section 4(a) of the 2023 Plan to provide for a one-time increase in the number
of shares of Common Stock reserved for issuance with respect to awards granted under the 2023 Plan, by adding a number of additional shares
of Common Stock equal to 15% of the number of shares of Common Stock issued and outstanding on March 31, 2025. The vote on the proposal
was as follows:

  FOR                     AGAINST                  ABST