Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 865

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 1
Chunk 865
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 including and not limited to unusual weather conditions, epidemic outbreaks, terrorist acts and political events could disrupt our business schedule.

79

Risks related to our Financial Condition

We have a history of operating losses and
negative cash flow, we have limited cash resources, we will need to raise additional funds imminently to finance operations and as a result
there is substantial doubt about our ability to continue as a going concern. 

We have a history of operating
losses and expect to continue incurring operating losses in the foreseeable future as we continue to develop our current business model
and enhance our platform offerings. We also have indebtedness that is in default in excess of our current capital resources (see “Management’s
Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources” in this Quarterly
Report on Form 10-Q for the six months ended September30, 2025). On June 18, 2024, the Company entered into a securities purchase agreement
with certain institutional accredited investors (the “June Aegis Securities Purchase Agreement”) pursuant to which the Company
issued and sold an aggregate of $3,600,000 in principal amount of notes (the “June Notes”) and warrants to purchase up to
an aggregate of 1,267,728 shares of Common Stock (which takes into account an adjustment following the Company’s Share Combination
Event that was effective on October 22, 2024, but not reflecting the Reverse Stock Splits) (the “June Warrants”) for gross
proceeds of $3,000,000.

Additionally, on November
7, 2024, the Company closed the November 7 Placement for gross proceeds of $9.15 million (including $2.5 million of which was provided
by one of the Company’s directors) (before deduction of fees to the placement agent and other offering expenses payable by the Company).
The Placement Agent in this Offering acted as exclusive placement agent in the November 7 Placement. At closing of the November 7 Placement,
the Company issued an aggregate of 2,137,850 units at a price of $4.28 per unit, each unit consisting of one share of Common Stock (or
pre-funded warrant in lieu thereof), two November Series A Warrants (as hereinafter defined) each to purchase one share of Common Stock
and a November Series B Warrant (as hereinafter defined) to purchase such number of shares of Common Stock, as determined on the November
Reset Date