Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 102

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 102
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 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 April 30,
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 $2.61 on April 8, 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 such 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 losses.

55

A proportion of our common
stock may be traded by short sellers which may put pressure on the supply and demand for our common stock, creating further price volatility.
In particular, a possible “short squeeze” due to a sudden increase in demand of our common stock that largely exceeds supply
may lead to sudden extreme price volatility in our common stock. Investors may purchase our common stock to hedge existing exposure in