Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 233

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 233
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, as adjusted net tangible book value per share to investors participating in this offering       |     |     |    5.28 |   |

A $1.00 increase or decrease in the assumed public offering price of $4.07 per share, would correspondingly increase or decrease the pro forma, as adjusted net tangible book value per share by $0.46, and the dilution in pro forma, as adjusted net tangible book value per share to new investors by approximately $0.54, assuming the number of shares offered remains unchanged and after deducting underwriting discounts, commissions, and estimated offering expenses payable by us. An increase or decrease of 1,000,000 shares offered at the assumed public offering price of $4.07 per share would correspondingly increase or decrease the pro forma, as adjusted net tangible book value per share by $$0.59 and $ 0.78and the dilution in pro forma, as adjusted net tangible book value per share to new investors by approximately $0.59 and 0.78 respectively , assuming the offering price remains unchanged and after deducting underwriting discounts, commissions, and estimated offering expenses. The table and information above assume that the underwriters do not exercise their option to purchase additional shares of Common Stock (or Pre-Funded Warrants). If the underwriters fully exercise their option to purchase an additional shares of Common Stock, the pro forma, as adjusted net tangible book value per share after the offering would increase to $-0.87, and the dilution in pro forma, as adjusted net tangible book value per share to new investors would decrease to approximately $4.94, assuming the offering price remains unchanged and after deducting underwriting discounts, commissions, and estimated offering expenses. The above discussion is based on 338,912 shares of Common Stock issued and outstanding as of December 31, 2024. The discussion above also assumes no sale of Pre-Funded Warrants, which, if sold, would reduce the number of shares of Common Stock that we are offering on a one-for-one basis. To the extent that convertible and exercisable securities discussed above have been or may be converted or exercised or we issue other shares of Common Stock or securities convertible or exercisable into shares of Common Stock, investors purchasing securities in this offering may experience further dilution. In addition, we may seek to raise additional capital in the future through the sale of equity or convertible debt securities. To the extent we raise additional capital through the sale of equity or convertible debt securities,