Company: ZCARW
Filing Date: 2025-01-21
Form Type: DEF 14A
Source: 0001213900-25-005022
Chunk: 14

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-01-21
Form: DEF 14A
Chunk 14
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alli, Bangalore, India 560008 with any questions about proposals described in this proxy statement or how to execute your
vote.

Principal Offices

The principal executive offices
of the Company are located at Anjaneya Techno Park, No.147, 1st Floor, Kodihalli, Bangalore, India 560008. The Company’s telephone
number at such address is +918048821871.

ALL PROXIES RECEIVED WILL BE VOTED IN ACCORDANCE WITH THE CHOICES SPECIFIED ON SUCH PROXIES. PROXIES WILL BE VOTED IN FAVOR OF EACH PROPOSAL IF NO CONTRARY SPECIFICATION IS MADE. ALL VALID PROXIES OBTAINED WILL BE VOTED AT THE DISCRETION OF THE PERSONS NAMED IN THE PROXY WITH RESPECT TO ANY OTHER BUSINESS THAT MAY COME BEFORE THE SPECIAL MEETING. THE BOARD UNANIMOUSLY RECOM MENDS A VOTE “FOR” EACH OF THE PROPOSALS.

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PROPOSAL 1

THE INSTITUTIONAL INVESTORS BRIDGE WARRANTS PROPOSAL</div>

Introduction

On November 5, 2024, the “Company entered into a securities purchase agreement (the “ Institutional Offering Securities Purchase Agreement”) with certain institutional and accredited investors (the “ Institutional Investors”), in connection with a private placement offering (the “ Institutional Offering”), pursuant to which the Company agreed to sell to the Institutional Investors an aggregate of 2,137,850 units at a price of $4.28 per unit for an aggregate investment of $9.15 million, $2.5 million of which was provided by one of the Company’s directors. Each unit consists of one share of Common Stock or a Pre-Funded Warrant to purchase one share of Common Stock (each an “ Institutional Investor Pre-Funded Warrant” and collectively, the “ Institutional Investors Pre-Funded Warrants”), two Institutional Investors Series A Warrants each to purchase one share of Common Stock and an Institutional Investors Series B Warrant to purchase such number of shares of Common Stock, as determined on the Institutional Offering Reset Date (as described below). The closing occurred on November 7, 2024 (the “ Institutional Offering Closing Date”). On the Institutional Offering Closing Date, the Company issued to the Institutional Investors (i) 1,301,850 shares of Common Stock, (ii) Institutional Investors Pre-Funded Warrants to purchase up to 835,000 shares of Common