Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 150

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 150
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 to disclose changes made in its internal controls and procedures on a quarterly basis, we will not be required
to make our first annual assessment of its internal control over financial reporting pursuant to Section 404 until the year following
our first annual report required to be filed with the SEC.

To comply with the requirements of being a public
company, we have undertaken various actions, and will need to take additional actions, such as implementing numerous internal controls
and procedures and hiring additional accounting or internal audit staff or consultants. Testing and maintaining internal control can divert
Zoomcar’s management’s attention from other matters that are important to the operation of Zoomcar’s business. Additionally,
when evaluating Zoomcar’s internal control over financial reporting, we may identify material weaknesses that we may not be able
to remediate in time to meet the applicable deadline imposed upon us for compliance with the requirements of Section 404. Investors may
lose confidence in the accuracy and completeness of our financial reports and the market price of our Common Stock could be negatively
affected if any of the following occurs: (i) we identify any material weaknesses in its internal control over financial reporting; (ii)
we are unable to comply with the requirements of Section 404 in a timely manner; (iii) we assert that our internal control over financial
reporting is ineffective; or (iv) our independent registered public accounting firm is unable to express an opinion as to the effectiveness
of our internal control over financial reporting once we are no longer an emerging growth company. We could also become subject to investigations
by the SEC, the stock exchange on which its securities are listed, or other regulatory authorities, which could require additional financial
and management resources. In addition, if we fail to remedy any material weakness, our financial statements could be inaccurate, and we
could face restricted access to capital markets.

91

If we do not adequately protect our intellectual
property and our data, our business, results of operations, and financial condition could be materially adversely affected. 

We rely on a combination
of trademark, copyright, domain names, trade names and trade secret laws, international treaties, our terms of service, other contractual
provisions, user policies, restrictions on disclosures, and confidentiality agreements with our employees and consultants to protect our
intellectual property rights from infringement and misappropriation. We currently have 21 registered trademarks and 1 recent trademark
application that has passed the formalities check and is now under further examination along with 3 trademarks at variance – refused,
abandoned and opposed,