Company: ZCARW
Filing Date: 2025-01-10
Form Type: PRER14A
Source: 0001213900-25-002658
Chunk: 25

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-01-10
Form: PRER14A
Chunk 25
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 stock split equal to the applicable Nasdaq Minimum Price, prior to receipt of the Reg D Offering Stockholder
Approval, or 20% of the applicable Nasdaq Minimum Price following receipt of Reg D Offering Stockholder Approval (in each case, adjusted
for any stock dividend, stock split, stock combination, reclassification or similar transaction, the “Reg D Offering Floor Price”).
Additionally, the number of shares of Common Stock issuable upon exercise of the Reg D InvestorsSeries A Warrants shall be increased such that the aggregate exercise price, after taking into account the decrease in the exercise
price, shall be equal to the aggregate exercise price on the issuance date (adjusted for any Reg D InvestorsSeries A Warrants exercised or sold by the holder prior to the date of such Share Combination Event).

The Reg D Investors Series
A Warrants are also subject to full ratchet anti-dilution protection for any issuances of Company securities (other than certain excluded
issuances) at a price or effective price (as determined in accordance with the terms of the Reg D Investors Series A Warrants, the “Dilutive Issuance Price”) that is less than the then current exercise price of the Reg D Investors Series A Warrants following the issuance
date, as well as any adjustment in the Institutional Investors Series A Warrants (a “Dilutive Issuance”). In the event
of a Dilutive Issuance, the exercise price of the Reg D Investors Series A Warrants will be reduced to the Dilutive Issuance Price, in
each case, subject to the Reg D Offering Floor Price and the number of shares issuable upon exercise of the Reg D Investors Series A Warrants
shall be proportionately adjusted such that the aggregate exercise price of the Reg D Investors Series A Warrants shall remain unchanged.
The exercise price of the Reg D Investors Series A Warrants and the number of shares exercisable thereunder, will also adjust in the same
manner in which the Institutional Investors Series A Warrants adjust, at the time of the adjustment of the Institutional Investors Series
A Warrants.

The Reg D InvestorsBridge Warrants are also subject to customary adjustments for stock dividends, stock splits, distributions and the
like. If a fundamental transaction occurs, then the successor entity will succeed to, and be substituted for the Company, and may exercise
every right and power that the Company may exercise and will assume all of the Company’s obligations under the Reg D InvestorsBridge Warrants with the same effect as if