Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 637

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 1
Chunk 637
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 at the sole discretion
of the Board. The Board may take into account general and economic conditions, our financial condition and results of operations, our
available cash and current and anticipated cash needs, capital requirements, contractual, legal, tax and regulatory restrictions, implications
of the payment of dividends by us to our stockholders or by our subsidiaries to us and such other factors as the Board may deem relevant.
As a result, you may not receive any return on an investment in the Common Stock unless you sell your Common Stock for a price greater
than that which you paid for it.

106

Future sales, or the perception of future
sales, by us or our stockholders in the public market could cause the market price for the Common Stock to decline.

The sale of shares of our
Common Stock on the public market, or the perception that such sales could occur, could harm the prevailing market price of shares of
Common Stock. These sales, or the possibility that these sales may occur, also might make it more difficult for us to sell equity securities
in the future at a time and at a price that it deems appropriate.

As of August 13, 2025 we have
a total of 6,374,874 shares of Common Stock outstanding (i) without giving effect to any awards that may be issued under the Incentive
Plan and (ii) assuming no exercise of the outstanding options and warrants. All shares currently held by public stockholders and all of
the shares issued in the Business Combination to former Zoomcar Stockholders are freely tradable without registration under the Securities
Act (except for the Common Stock that are the subject of resale registration statement pending effectiveness or filing ), and without
restriction by persons other than our “affiliates” (as defined under Rule 144 under the Securities Act, (“Rule 144”)),
including our directors, executive officers and other affiliates.

We filed resale registration
statements on December 12, 2024, to register for resale a total of shares of Common Stock 660,320 (13,206,386 shares of Common Stock prior
to giving effect to the Second Reverse Split) including shares of Common Stock issuable upon exercise of outstanding warrants.

We also filed resale registration
statements March 4, 2025, to register for resale a total of 6,682,720 shares of Common Stock (133,654,397 shares of Common Stock prior
to giving effect to the Second Reverse Split) including shares of Common Stock issuable upon exercise