Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 232

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 232
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 share, subject to certain adjustments; and (e) a settlement with prior investors in connection with which we issued to them, in the aggregate, 15,639,099 in value of securities of the Company consisting of (i) 501,318 shares of Common Stock, (ii) Series A Warrants to purchase up to a maximum of 6,706,192 shares of Common Stock, at an exercise price of $6.24 per share, subject to certain adjustments, and (iii) Series B Warrants to purchase up to a maximum of 2,005,073 shares of Common Stock, at an exercise price of $0.002 per share, subject to certain adjustments (collectively, the “Prior Transactions”), our pro forma net tangible book value as of December 31, 2024, would have been $(22,290,932), or $(6.07) per share of Common Stock. 144 After giving effect to the offering and our sale of the shares at an assumed public offering price of $4.07 per share, and after deduction of underwriting discounts and commissions from gross proceeds raised in the offering and estimated offering expenses payable by us, our pro forma, as adjusted basis, net tangible book value as of December 31, 2024, would have been approximately $(8,925,932), or approximately $(1.21) per share of Common Stock. This represents an immediate increase in net tangible book value of approximately $112.18 per share of Common Stock to our existing security holders and an immediate dilution in as adjusted net tangible book value of approximately $5.28 per share to purchasers of our securities in this offering, as illustrated by the following table:

| Offering price per share                                                                                               
 Net tangible book value per share as of December 31, 2024                                                              |     |     |    4.07 
 (113.39 | ) |
|:-----------------------------------------------------------------------------------------------------------------------|:----|:----|--------:|:--|
| Pro forma increase in net tangible book value per share attributable to Prior Transactions                             |     |     |  107.32 |   |
| Increase in pro forma net tangible book value per share attributable to this offering                                  |     |     |    4.86 |   |
| Pro forma, as adjusted net tangible book value per share as of December 31, 2024, after giving effect to this offering |     |     |   (1.21 | ) |
| Dilution in pro forma