Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 239

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 239
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 to the Company. 152 The December Series A Warrants contain a standard cashless exercise provision permitting the holder to exercise the December Series A Warrants on a cashless basis if the market price of the Company’s Common Stock at the time of exercise is in excess of the exercise price of the December Series A Warrants and there is not an effective resale registration statement available for the resale of the shares of Common Stock underlying the December Series A Warrants. The December Series A Warrants are callable by the Company at a price of $0.0001 per December Series A Warrant, provided thatthe daily VWAP of the Common Stock for each of five (5) consecutive trading days equals or is greater than 300% of the initial exercise price of the December Series A Warrants, or $4.68 (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations and the like), unless such December Series A Warrants are exercised by the holders. December Series B Warrants The December Series B Warrants have an exercise price of $0.0001 per share and are not initially exercisable for any shares of Common Stock, but also contain a reset adjustment on the December Reset Date, depending on the price determined by the VWAP Formula, if it is less than the per unit purchase price on the Closing Date, then the maximum eligibility number of shares of Common Stock will be determined so that the sum of (a) the number of shares of Common Stock and/or shares of Common Stock underlying Pre-Funded Warrants issued on the Closing Date and (b) the number of Shares issued pursuant to the December Series B Warrants on the December Reset Date would equal the number of shares of Common Stock and/or Pre-Funded Warrants that would have been issued to certain of the December Selling Holders on the Closing Date if the per unit purchase price had been the price determined pursuant to the VWAP Formula. For the purposes of determining the reset price, the VWAP Formula will be subject to the December Post-Stockholder Approval Floor Price. The December Series B Warrants are also subject to customary adjustments for stock dividends, stock splits, distributions and the like. If a Fundamental Transaction (as defined in the December Series A Warrants) occurs, then the successor entity will succeed to, and be substituted for the Company, and may exercise every right and power that the Company may exercise and will assume all of the Company’s obligations under the December Series B Warrants with the same effect as if such successor entity had been