Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 29

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 29
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 the November Series
B Warrants all became exercisable.

Approval of Nasdaq 20% Rule for December Offering and January/February Offering

The
stockholders approved the issuance of 20% or more of our outstanding shares of Common Stock, in connection with a private placement offering,
which terminates on March 31, 2021, and includes the December Offering and the January/February Offering, as required under Nasdaq Rule
5635(c) and upon obtaining such stockholder approval, the December Series A Warrants, December Series B Warrants, the January/February
Series B A Warrants and the January/February Series B Warrants all became exercisable.

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Increase in Shares of Common Stock Available for Issuance under the Zoomcar Holdings, Inc. 2023 Equity Incentive Plan (the “2032 Plan”)

The
stockholders approved a one-time increase in the number of shares of Common Stock available for issuance under the 2023 Plan, effective
as of March 31, 2021, and equal to 15% of the number of shares of Common Stock issued and outstanding on that date.

Approval of the Issuance of Shares of Common Stock to a Consultant

The
stockholders approved the issuance of 17,794 shares of Common Stock to Uri Levine, pursuant to the Strategic Advisory Agreement, representing
$250,000 of the $500,000 of compensation payable to him thereunder, as required under Nasdaq Rule 5635(b).

Approval of Possible Reverse Stock Split

The
stockholders approved a possible reverse stock split of our Common Stock in a ratio ranging from between one-for-two and one-for-twenty,
with the ratio to be determined in the sole discretion of the Board, in the event that it is necessary in order to maintain compliance
with Nasdaq continued listing requirements.

Corporate Information

Zoomcar Holdings, Inc. is
a Delaware corporation. Our principal executive offices are located at Anjaneya Techno Park, No.147, 1st Floor, Kodihalli, Bangalore,
India 560008, and our telephone number is +91 8048821871. Our principal website address is www.zoomcar.com. Information contained
in, or accessible through, our website is not a part of, and is not incorporated into, this prospectus.

Implications of Being an Emerging Growth Company and a Smaller Reporting Company

We qualify as an “emerging
growth company” (“EGC