Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 112

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 112
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to register these additional shares of Common Stock or securities convertible into or exchangeable for shares of Common Stock issued pursuant
to the Incentive Plan. Accordingly, shares to be registered under such a registration statement will be available for sale in the open
market upon the effectiveness of the registration statement.

In the future, we may also
issue our securities to raise capital or in connection with investments or acquisitions. We may also issue additional securities upon
adjustments included in our existing securities. For example, on June 18, 2024, we closed a private placement transaction of notes and
warrants for $3 million of gross proceeds, on November 7, 2024, we closed a private placement transaction of shares and warrants for $9.15
million of gross proceeds, on December 24, 2024, we consummated the First Closing of this Offering in which we issued shares and warrants
for $5,484,843 of gross proceeds, and on February 4, 2025, we consummated the Second Closing of this Offering in which we issued shares
and warrants for $1,400,000 of gross proceeds. The amount of shares of Common Stock issued or issuable upon exercise or conversion of
securities issued in connection with a capital raise or an investment or acquisition could constitute a material portion of the then-outstanding
shares of the Common Stock. Any issuance of additional securities in connection with capital raising activities, investments or acquisitions
may result in additional dilution to our stockholders.

Our permitting certain holders of our Series B Warrants to exercise their Series B Warrants before they may be exercisable under their terms could result in claims and/or litigation against us by our stockholders.

The Series B Warrants issued
in connection with the December 2024 Offering and the January/February Offering are exercisable for zero shares of Common Stock, until
the applicable Reset Date, as defined in the respective Series B Warrants, has been triggered. The applicable Reset Date is triggered
on the date that is the later of (a) ten trading days after stockholder approval for the Series B Warrants has been obtained, which occurred
at a meeting of stockholders on February 28, 2025 or (b) the earliest of (i) the date on which for ten consecutive trading days all shares
of Common Stock registrable under the applicable registration rights agreements (“Registrable Securities”) have become and
remained registered pursuant to an effective registration statement that is available for the