Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 339

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 339
---
 Private Limited |     |             | 10,848,308 |     |                               |   7,542 |     |                                |    754,169 |
| Issue of common shares on conversion                     
 of SSCPN                                                 |     |             |          - |     |                               |  42,482 |     |                                |  4,248,173 |
| Total                                                    |     |             |            |     |                               | 273,791 |     |                                | 27,327,481 |

| 4 | Reverse Stock Split |

The Company’s shareholders authorized, and the Board of Directors approved for a 1-for-100Reverse Stock Split, which became effective on October 21, 2024. Any fractional shares that would have otherwise resulted from the Reverse Stock Split were rounded up to the nearest whole share. Accordingly, all share and per share amounts for all periods presented in the accompanying consolidated financial statements and notes thereto have been adjusted retroactively, where applicable, to reflect this Reverse Stock Split and adjustment of the stock conversion ratios.

Every 100shares of issued and outstanding Common Stock has been consolidated into oneshare, without affecting the par value. In addition, (i) a proportionate adjustment has been made to the number of outstanding warrants, per share exercise price and the number of shares issuable upon the exercise of all outstanding stock options and warrants to purchase shares of common stock as per the terms and conditions of the respective warrant agreements, and (ii) the number of shares reserved for issuance pursuant to the Company’s equity incentive plans will also be reduced proportionately.

| 5 | Cash and cash equivalents |

The components of cash and cash equivalents were as follows:

| (In USD)                  | As at |   |     March 
       31, 
      2024 |     |   |     March 
       31, 
      2023 |
|:--------------------------|:------|:--|----------:|:----|:--|----------:|
| Balances in bank accounts |       | $ | 1,495,097 |     | $ | 3,657,580 |
| Certificate of deposits   |       |   |         - |     |   |    15,633 |
| Cash                      |       |   |     1,047 |     |   |    13,528 |
| Cash and cash equivalents |       |   | 1,496,144 |     |   | 3,686,