Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 6

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 6
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 Closing of the Business Combination. “ Closing” means the closing of the Business Combination. “ Closing Date” means December 28, 2023. “ Common Stock” means the shares of Common Stock, par value $0.0001 per share, of the Company. “Company” means Zoomcar Holdings, Inc., a Delaware corporation, following the Closing. “ Code” means the Internal Revenue Code of 1986, as amended. “ Founder Shares” means Class B Ordinary Shares initially purchased by the Sponsor in the private placement prior to the IPO, and the shares of Common Stock issued upon the conversion thereof at the Closing. “ DGCL” means the General Corporation Law of the State of Delaware, as amended. “ Effective Time” means the effective time of the Merger in accordance with the Merger Agreement. “ Incentive Plan” means the Zoomcar Holdings, Inc. 2023 Equity Incentive Plan. “ Exchange Act” means the Securities Exchange Act of 1934, as amended. “ GAAP”means generally accepted accounting principles in the United States. “ IOAC” means the Company prior to the Closing. iii “ IPO” means the initial public offering of IOAC’s Units at a public offering price of $20,000 per Unit that it consummated on October 29, 2021. “ Merger” means the merger of Merger Sub with and into Zoomcar, with Zoomcar continuing as the surviving corporation and as a wholly-owned subsidiary of the Company, in accordance with the terms of the Merger Agreement. “ Merger Agreement” means the Agreement and Plan of Merger and Reorganization, dated as of October 13, 2022, as amended by the Post-Closing Amendment, by and among IOAC, Zoomcar, Merger Sub and the Seller Representative. “ Nasdaq” means The Nasdaq Stock Market LLC. “ Ordinary Shares” means the Class A Ordinary Shares and Class B Ordinary Shares. “ OTCQX” means the OTCQX Best Market of the OTC Markets Group. “ Post-Closing Amendment” means the amendment to the Merger Agreement, dated as of December 29, 2023. “ Private Placement Shares” means the Class A ordinary shares issued by IOAC to the Sponsor, Cantor and CCM in a private placement simultaneously with the closing of the IPO. “ Public Warrants” or “ Warrants” means one (1) whole redeemable warrant that was included in as part of each Unit, ent