Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 1053

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 1A
Chunk 1053
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 with a capital expenditure, working capital requirement or acquisition could constitute a material
portion of our then-outstanding shares of Common Stock. Any perceived excess in the supply of our shares in the market could negatively
impact our share price and any issuance of additional securities in connection with investments or acquisitions may result in additional
dilution to you.

The market price and trading volume of our
Common Stock may continue to be highly volatile, which could lead to a loss of all or part of a stockholder’s investment.

The market price of our Common
Stock has fluctuated widely since the closing of our Business Combination. During the period from January 1, 2024 to November , 2025,
the trading price of our Common Stock has fluctuated from an intra-day high of $15,220 on January 12, 2024, to an intra-day low of $0.18
on November 6,, 2025.  

The market price of our Common
Stock is affected by a variety of factors, including but not limited to:

    ●
    our ability to execute our anticipated business plans and strategy;

    ●
    actual or anticipated fluctuations in our quarterly or annual operating results;

    ●
    our ability to obtain additional capital which will be necessary to continue our business and operations;

    ●
    changes in financial or operational estimates or projections;

    ●
    changes in the economic performance or market valuations of companies similar to ours;

    ●
    the impact of pandemics, inflation, war, other hostilities, and other disruptive events on our business or that of our customers, partners, and supply chain or on the global economy; and

In addition, the trading
price and trading volume of our Common Stock has very recently and at certain other times in the past exhibited, and may continue to exhibit,
extreme volatility, including within a single trading day. Such volatility could cause purchasers of our Common Stock to incur substantial
losses.. With respect to certain instances of trading volatility, we are not aware of any material changes in our financial condition
or results of operations that would explain such price volatility or trading volume, which we believe reflect market and trading dynamics
unrelated to our operating business or prospects and outside of our control. We are thus unable to predict when such instances of trading
volatility will occur or how long such dynamics may last. Under these circumstances, we would caution you against investing in our Common
Stock unless you are prepared to incur the risk of incurring substantial