Company: ZCARW
Filing Date: 2025-01-21
Form Type: DEF 14A
Source: 0001213900-25-005022
Chunk: 15

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-01-21
Form: DEF 14A
Chunk 15
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 Stock, at an initial exercise price of $0.0001 per share, subject to adjustment, (iii) Institutional Investors Series A Warrants to purchase up to 4,275,700 shares of Common Stock, at an initial exercise price of $4.03 per share, subject to adjustment, and (iv) Institutional Investors Series B Warrants for a maximum eligibility of 9,214,513 shares, at an initial exercise price of $0.0001 per share, subject to adjustment.

The Institutional Investors Series A Warrants are each initially exercisable for one share of Common Stock at an initial exercise price of $4.03
per share. The Institutional Investors Series A Warrantsmay be exercised at any time on
or after the later of (a) ten (10) trading days after Institutional Offering Stockholder Approval (as defined hereafter) is obtained or (b) the earliest of (i) the date which is ten (10) consecutive trading days after all of the shares included for registration in the initial registration statement registering the shares of Common Stock, Shares of Common Stock issuable upon exercise of the Institutional Investors Pre-Funded Warrants and shares of Common Stock issuable upon exercise of the Institutional Investors Series B Warrants, have been registered (the “ Investors Resale Registration Effective Date”) or (ii) 12 months and ten (10) trading days following the issuance date of the Institutional Investors Series A Warrants (such earlies date being the “ Institutional Offering Reset Date”). The exercise price and the number of shares available for exercise pursuant to the Institutional Investors Series A Warrants are subject to adjustment, as provided below.

The Institutional Investors Series B Warrants are not initially exercisable for any shares of Common Stock, but contain a reset adjustment on the Institutional Offering Reset Date, depending on the price determined by the VWAP Formula provided in the Institutional Investors Series B Warrants, if it is less than the per unit purchase price on the Institutional Offering Closing Date, then the maximum eligibility number of shares of Common Stock will be determined so that the sum of (a) the number of shares of Common Stock and/or shares of Common Stock underlying Institutional Investors Pre-Funded Warrants issued on the Institutional Offering Closing Date and (b) the number of shares of Common Stock issuable pursuant to the Institutional Investors Series B Warrants on the Institutional Offering Reset Date would equal the number of shares of Common Stock and/or Institutional Investors Pre-Funded Warrants that would have been issued to the Institutional Investors on the Institutional Offering Closing Date