Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 99

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 99
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 unchanged.. 51 December Offering On December 23, 2024, the Company entered into the December Securities Purchase Agreement with the December Selling Holders, in connection with the first closing of a Regulation D Private Placement Offering in which the Company can raise up to a maximum of $30 million (the “Reg D Private Placement”). The December Offering, as it is referred to in this prospectus, was closed on December 24, 2024 (the “December Offering Closing Date”), the December Offering was closed, pursuant to which the Company sold to the December Selling Holders, an aggregate of (i) 3,095,925 shares of Common Stock, (ii) Pre-Funded Warrants exercisable for an aggregate of 420,000 shares of Common Stock, (iii) December Series A Warrants to purchase up to a maximum of 54,252,769 shares of Common Stock and December Series B Warrants to purchase up to a maximum of 14,063,700 shares of Common Stock for an aggregate investment amount of $5.485 million. The December Selling Holders were provided with the option to have all or a portion of the shares of Common Stock issued pursuant to Pre-Funded Warrants to the extent that the issuance of shares of Common Stock would cause any of the December Selling Holders to beneficially own more than 4.99% or 9.99% of the shares of Common Stock outstanding, at the option of each December Selling Holder. After the deduction of fees and expenses payable to the Placement Agent, and other offering expenses, the net proceeds to the Company was approximately $4.79 million.The purchasers were provided with the option to have all or a portion of the shares of Common Stock issued pursuant to Pre-Funded Warrants to the extent that the issuance of shares of Common Stock would cause any of such purchaser to beneficially own more than 4.99% or 9.99% of the shares of Common Stock outstanding, at the option of the purchaser. The December Series A Warrants are exercisable for a period of five years from the date that they are initially exercisable and at an initial exercise price of $1.56 per share, which has subsequently been reduced to $0.806 per share. The current exercise price and number of shares exercisable under the December Series A Warrants reflects an adjustment triggered by an adjustment in the exercise price of the November Series A Warrants on February 18, 2025, as a result of the Stockholder Approval,