Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 49

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 49
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 price of $16.12 per share.

As of June 27, 2025, we also
have issued and outstanding December 2024 Series A Warrants to purchase 86,571 shares of Common Stock at a current exercise price of $6.24
per share, December Series B Warrants to purchase up to 177,572 shares of Common Stock at a current exercise price of $0.002 per share,

As of June 27, 2025, we also
have issued and outstanding February 2025 Series B Warrants to purchase up to 89,744 shares of Common Stock at a current price of $0.002
per share,

As of June 27, 2025, we have also issued and outstanding March 2024 Series
A Warrants to purchase 2,544,1343 shares of Common Stock at a current exercise price of $6.24 per share, and March Series B Warrants to
purchase up to 591,275 shares of Common Stock at a current exercise price of $0.002 per share,

30

All Series B Warrants issued
in the December Offering, the January/February Offering and the March Offering are exercisable for the maximum number of shares of Common
Stock, because on March 18, 2025. the Board determined to fix the “Reset Price” of all of such Series B Warrants down to
the “Floor Price” of $6.24 per share. The Company has agreed to deem the “Reset Date” of the Series B Warrants
to be effective.

Because the market for
our Common Stock is thinly traded, the sales and/or the perception that those sales may occur, could adversely affect the market
price of our Common Stock. Furthermore, even though, as of the date hereof, the options and warrants are all currently out of the money
(other than the Series B Warrants, which all have an exercise price of $0.002 per share), the mere existence of a significant number
of shares of Common Stock issuable upon exercise of these securities may be perceived by the market as having a potential dilutive
effect, which could lead to a decrease in the price of our Common Stock.

Risks related to our Business and Operations

Our current business model’s limited
operating history and financial results make our future results, prospects and the risks we may encounter difficult to predict. 

Although Zoomcar commenced
operating in 2013,