Company: ZCARW
Filing Date: 2025-01-10
Form Type: PRER14A
Source: 0001213900-25-002658
Chunk: 37

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-01-10
Form: PRER14A
Chunk 37
---
 described below, the Reverse Split will not have any dilutive effect on our stockholders
since each stockholder would hold the same percentage of our Common Stock (in hand or on an as converted basis) outstanding immediately
following the Reverse Split as such stockholder held immediately prior to the Reverse Split. The relative voting and other rights that
accompany the shares would not otherwise be affected by the Reverse Split.

The
table below sets forth the number of shares of our Common Stock outstanding before and approximate
number of shares of our Common Stock outstanding after the Reverse Split based on 6,771,662
shares of our Common Stock.

|                                                     |     | Prior to the  
 Reverse Split |           |     | Assuming a 
 One-for-   
 Two        
 Reverse    
 Split      |           |     | Assuming a 
 One- for-  
 Five       
 Reverse    
 Split      |           |     | Assuming a  
 One-for-Ten 
 Reverse     
 Split       |         |     | Assuming a 
 One-for-   
 Fifteen    
 Reverse    
 Split      |         |     | Assuming a              
 One- for-Twenty Reverse 
 Split                   |         |
| Aggregate                                           
 Number of Shares of Common Stock Outstanding(1) (2) |     |               | 6,771,662 |     |            | 3,385,831 |     |            | 1,354,333 |     |             | 677,167 |     |            | 451,445 |     |                         | 338,584 |

| (1) | The number of outstanding shares of Common Stock                                                  
 as of the Record Date does not include additional shares of Common Stock that have been exercised 
 and/or sold by certain warrant holders, pursuant to warrants that were outstanding on the         
 Record Date, or additional shares of Common Stock which are outstanding, but were not exercisable 
 under warrants that were outstanding on the Record Date, but will become exercisable if Proposal  
 1 and Proposal 2 are approved by stockholders at the Special Meeting and the Institutional        
 Investors Bridge Warrants and the Reg D Investors Bridge Warrants become exercisable.             |

| (2) | The Company cannot effect a Reverse Split in any                                            
 ratio which would cause the number of publicly held shares of Common Stock to be less than  
 1,100,000 shares of Common Stock, if the Common Stock is listed on the Nasdaq Global Market 
 or less than 500,000 shares of Common Stock, if listed on the Nasdaq Capital Market