Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 136

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 136
---
,000 against issuance of 16,667 shares (1,666,666 prior to Reverse Stock Split) to Mohan Ananda, Chairman of Board of Directors and our largest shareholder. In May 2024, we issued 6,256 shares (12,512,080 prior to the First Reverse Split and 125,120 shares prior to the Second Reverse Split) to Atalaya Note holders to settle a part of the unsecured promissory note liability. Issue of Unsecured Convertible Note In December 2023, we issued an Unsecured Convertible Note bearing a principal amount of $8,434,605. Issue of Redeemable Promissory Note On June 18, 2024 , the Company entered into a Securities Purchase Agreement with certain institutional accredited investors pursuant to which the Company issued and sold an aggregate of $3,600,000 in principal amount of notes and warrants to purchase up to an aggregate of 63,387 shares (52,966,102 shares prior to the First Reverse Stock Split and 1,267,728 shares prior to the Second Reverse Split) of Company Common Stock for gross proceeds of $3,000,000. The closing occurred on June 20, 2024. Out of the proceeds of November Offering, this note has been repaid along with accrued interest. 79 Private Placement of Equity and Warrants All share and per share information provided below does not reflect the Section Reverse Split in a ratio of 1-for-20. On November 7, 2024, the Company sold (i) 1,302,850 Common Units, each consisting of one share of common stock, two Series A Warrants and maximum number of Series B Warrants as mentioned in the agreement, and (ii) 835,000 Pre-Funded Units, each consisting of one Pre-Funded Warrant, two Series A Warrants, and maximum number of Series B Warrants as mentioned in the agreement, through the placement agent (collectively referred to “November 2024 Offering”) for a value of $9.15 million). The Company paid $3.80 million from these net proceeds towards the outstanding Redeemable Promissory Notes. Further, there is a holdback of $0.2 million from the remaining proceeds for indemnification of the placement agent in the financing. On December 24, 2024, the Company sold (i) 3,095,925 Common Units, each consisting of one share of common stock, Series A