Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 663

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 1A
Chunk 663
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 Capital Resources” in this Quarterly
Report on Form 10-Q for the three months ended June 30, 2025). On June 18, 2024, the Company entered into a securities purchase agreement
with certain institutional accredited investors (the “June Aegis Securities Purchase Agreement”) pursuant to which the Company
issued and sold an aggregate of $3,600,000 in principal amount of notes (the “June Notes”) and warrants to purchase up to
an aggregate of 1,267,728 shares of Common Stock (which takes into account an adjustment following the Company’s Share Combination
Event that was effective on October 22, 2024, but not reflecting the Reverse Stock Splits) (the “June Warrants”) for gross
proceeds of $3,000,000.

Additionally, on November 7, 2024, the Company
closed the November 7 Placement for gross proceeds of $9.15 million (including $2.5 million of which was provided by one of the Company’s
directors) (before deduction of fees to the placement agent and other offering expenses payable by the Company). The Placement Agent in
this Offering acted as exclusive placement agent in the November 7 Placement. At closing of the November 7 Placement, the Company issued
an aggregate of 2,137,850 units at a price of $4.28 per unit, each unit consisting of one share of Common Stock (or pre-funded warrant
in lieu thereof), two November Series A Warrants (as hereinafter defined) each to purchase one share of Common Stock and a November Series
B Warrant (as hereinafter defined) to purchase such number of shares of Common Stock, as determined on the November Reset Date, which
does not reflect the Second Reverse Split. As a result of the November 7 Placement, the Company received $3.62 million of cash and cash
equivalents after giving effect to offering fees and expenses, the payment of $3.8 million to the holders of the Company’s June
2024 notes and a holdback of $0.2 million for indemnification of the Placement Agent as described in more detail herein.

Further, on December 24,
2024, the Company held the First Closing of this Offering for gross proceeds of $5,484,843 (including $50,000 of which was provided by
the Company’s former Chief Executive Officer i.e., Hiroshi Nishijima and $300,000 of which