Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 22

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 22
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 on December 24, 2024, the December Offering was closed, pursuant to which the Company sold to the December Selling Holders, an aggregate of (i) 3,095,925 shares of Common Stock, (ii) Pre-Funded Warrants exercisable for an aggregate of 420,000 shares of Common Stock, (iii) December Series A Warrants to purchase up to a maximum of 54,252,769 shares of Common Stock and December Series B Warrants to purchase up to a maximum of 14,063,700 shares of Common Stock for an aggregate investment amount of $5.485 million. The December Selling Holders were provided with the option to have all or a portion of the shares of Common Stock issued pursuant to Pre-Funded Warrants to the extent that the issuance of shares of Common Stock would cause any of the December Selling Holders to beneficially own more than 4.99% or 9.99% of the shares of Common Stock outstanding, at the option of each December Selling Holder. After the deduction of fees and expenses payable to the Placement Agent, and other offering expenses, the net proceeds to the Company was approximately $4.79 million.For more information on the terms of the December Offering, see “ Private Placements.” The January/February Offering On January 31, 2025, the Company entered into the January/February Securities Purchase Agreement, in connection with the January/February Offering and on February 4, 2025, the December Offering was closed, pursuant to which the Company sold to the January/February Selling Holders, an aggregate of (i) 1,049,796 shares of Common Stock, (ii) Pre-Funded Warrants exercisable for an aggregate of 872,000 shares of Common Stock, (iii) January/February Series A Warrants to purchase up to a maximum of 30,028,071 shares of Common Stock and January/February Series B Warrants to purchase up to a maximum of 7,687,184 shares of Common Stock for an aggregate investment of $2,998,000; provided, however, that the Company did not receive any cash proceeds with respect to the sale of securities with a subscription price of $1,560,000 of such amount, as those securities were issued in consideration for the Former Consultant Settlement. The January/February Selling Holders were provided with the option to have all or a portion of the shares of Common Stock issued pursuant to Pre-Funded Warrants to the extent