Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 1000

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 2
Chunk 1000
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,068,925 shares
at an exercise price of $0.806 per share, Placement Agent November Series A Warrants, which when they become exercisable, upon obtaining
stockholder approval for such exercise, will become exercisable into 2,138,750 shares at an exercise price of $0.806 per share and Placement
Agent November Series B Warrants to purchase up to maximum of 921,451 shares at an exercise price of $0.0001 per share assuming the maximum
reset to the Floor Price of $0.806 on the November Reset Date.

Further
in the closings of the private placement in December and February (the “Reg D Private Placement”), we issued Reg D Series
A Warrants which when they become exercisable, upon obtaining stockholder approval for such exercise, will become exercisable into 30,882,904
shares of Common Stock at an exercise price of $0.806 per share and November Series B Warrants to purchase up to maximum of 7,687,184
shares at an exercise price of $0.0001 per share which assumes the maximum reset to the Floor Price of $0.312 on the applicable Reset
Date. We also issued the Placement Agent warrants which will be exercisable on the applicable resale registration statement set forth
in such Placement Agent warrant to purchase 371,960 shares at an exercise price of $0.806 per share, Placement Agent Series A Warrants,
which when they become exercisable, upon obtaining stockholder approval for such exercise, will become exercisable into 3,262,4878 shares
at an exercise price of $0.806 per share and Placement Agent November Series B Warrants to purchase up to maximum of 2,175,089 shares
at an exercise price of $0.0001 per share assuming the maximum reset to the Floor Price of $0.312 on the applicable Reset Date.

Among
the adjustments and resets included in the warrants issued in June to the investors and Placement Agent and the warrants issued in the
November 7 Placement and the Reg D Private Placement to the investors and Placement Agent are price based anti-dilution protection and
adjustments following a Share Combination Event, in each case based, in part, on the lowest volume weighted average price during the five
trading days after such event. All such warrants, other than potentially the June Warrants, November Series A Warrants and the
placement agent warrants issued in both offerings, are out of the money as of