Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 315

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1A
Chunk 315
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 price of our Common Stock and have difficulty selling their shares.

    ●
    Because our Common Stock
    is quoted on the OTCQX and not listed on an exchange, U.S. broker-dealers may be discouraged from effecting transactions in shares
    of our Common Stock because it may be considered a penny stock and thus be subject to the penny stock rules.

    ●
    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.

    ●
    In addition to our defaults
    under current indebtedness described elsewhere here, certain of our debt financing arrangements are currently in default and we have
    delayed certain other payments to lenders, which may restrict our current and future business and operations; 

    ●
    We require additional capital to support
current operations and will require additional capital to support the growth of our business, which may not be available on terms acceptable
to us, or at all. 

    ●
    Future sales of our securities may affect
the market price of the Common Stock and result in material dilution, including the anti-dilution protection in the warrants issued in
2024. We are also in default of various outstanding debt obligations, including under the Notes issued to ACM, and may issue shares of
Common Stock or other securities to satisfy those obligations in the future (in the case of ACM, subject to receipt of shareholder approval).
The issuance of shares of Common Stock or other securities in the future will dilute your percentage ownership interest and may also
result in downward pressure on the price of our Common Stock.

24

    ●
    Our operating and financial
    forecasts are subject to various known and unknown contingencies and factors outside of our control and may not prove accurate, and
    we may not achieve results consistent with management’s expectations;

    ●
    We have issued a significant number of warrants and exercise of these securities and the sale of the shares of Common Stock issuable thereunder (along with the issuance of any similar securities in the future,) will dilute your percentage ownership interest and may also result in downward pressure on the price of our Common Stock.

    ●
    The market for online platforms for peer-to-peer car sharing is relatively new and rapidly evolving. If we fail to successfully adapt to developments in our market, or if peer-to-peer car sharing online platforms do not achieve general acceptance, it could adversely affect our business, financial condition and operating results.;