Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 230

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 230
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 exercise of November Series A Warrants (see Footnote 2) and 402,821 
 shares of Common Stock issuable upon exercise of November Series B Warrants.                                                             |

| 14. | Shares to be sold in this offering                                                                                                            
 consist of an aggregate of 58,411 shares of Common Stock, 584,110 shares of Common Stock issued or issuable upon exercise of November         
 Series A Warrants (see Footnote 2) and 251,762 shares of Common Stock issuable upon exercise of November Series B Warrants. Adam Stern,       
 in his capacity as trustee of Stern Aegis Ventures LLC Defined Benefit Pension Plan, may also be deemed to have investment discretion         
 and voting power over the shares held by Stern Aegis Ventures LLC Defined Benefit Pension Plan.                                               |
| 15. | Included among the “Securities to be Sold                                                                                                     
 in This Offering” are the maximum number of shares of Common Stock issuable upon exercise of December Series B Warrants and January/February  
 Series B Warrants. Such December Series B Warrants and January/February Series B Warrants are not included in the calculation of each         
 Selling Holder’s beneficial ownership, because the number of shares of Common Stock issuable upon exercise of such warrants is                
 not determinable until the date that the registration statement registering the resale of the shares of Common Stock issuable upon exercise   
 of such warrants is declared effective. Each December Series B Warrants and January/February Series B Warrants is exercisable into the        
 maximum eligibility number of shares of Common Stock, which will be determined at the Reset Date. Also Included among the “Securities         
 to be Sold in This Offering” are the maximum number of shares of Common Stock issuable upon exercise of December Series A Warrants            
 and January/February Series A Warrants. Such shares of Common Stock issuable upon exercise of December Series A Warrants and January/February 
 Series A Warrants are included in the beneficial ownership calculation of each Selling Holder’s beneficial ownership.                         |
| 16. | Shares to be sold in this offering                                                                                                            
 consist of 12,821 shares of Common Stock issued in the December Offering, 200,331 shares of Common Stock issuable upon exercise of December   
 Series A Warrants and 51,284 shares of Common Stock issuable upon exercise of December Series B Warrants (see Footnote 15).                   |
| 17. | Shares to be sold in this offering                                                                                                            
 consist of 224,359 shares of Common