Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 187

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 187
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 the same investor.” With respect to the offering closed in December 2024, there is a claim for a cash fee of 7% of the aggregate gross proceeds received from the same investor and 7% warrant coverage, with respect to that investor, but no specific amount is claimed. A similar claim was also made to the extent that such investor participated in the offering closed in February 2025. The Company is currently reviewing with legal counsel and has not yet determined the validity of any of the claims and how it plans to respond. Settlement with Law Firm Effective as of March 31, 2025, the Company entered into a settlement (the “Law Firm Settlement”) with the Company’s corporate securities attorneys (the “Law Firm”), in connection with the payment of outstanding amounts owed by the Company to the Law Firm. Pursuant to the Law Firm Settlement, the Law Firm agreed to settle the payment of outstanding legal fees due and payable by the Company to the Law Firm for services rendered through December 31, 2023, in consideration for the issuance of $4,000,000 of securities of the Company consisting of an aggregate of (a) 128,206 shares of Common Stock, (b) Series A Warrants to purchase up to 2,003,206 shares of Common Stock at an exercise price of $6.24 per share and (c) Series B Warrants to purchase up to 512,821 shares of Common Stock at an exercise price of $0.002 per share. These securities were issued in the March Offering. 117 Management Executive Officers and Board of Directors The following table sets forth the name, age and position of each of our directors and executive officers as of the date of this prospectus:

| Name                   |     | Age |     | Position                                            |
| Executive Officers     |     |     |     |                                                     |
| Hiroshi Nishijima (1)  |     |  47 |     | Chief Operating Officer and Chief Executive Officer |
| Sachin Gupta (2)       |     |  37 |     | Chief Financial Officer                             |
| Shachi Singh (3)       |     |  31 |     | Chief Legal Officer and General Counsel             |
| Non-Employee Directors |     |     |     |                                                     |
| Uri Levine (4)         |     |  60 |     | Director and Chairman                               |
| Mohan Ananda           |     |  77 |     | Director                                            |
| Evelyn D’An