Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 369

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 369
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 ratio of 1:1 in exchange for 9,192,377shares of the SPAC, b) 536( 10,715prior to the Second Reverse Stock Split and 1,071,506prior to First Reverse Stock Split) common shares were issued to Mohan Ananda against Ananda Note having outstanding principal and interest amount of $ 10,715,068c) 834( 16,667prior to the Second Reverse Stock Split and 1,666,666prior to First Reverse Stock Split) common shares were issued to Mohan Ananda in exchange for cash consideration of $ 5,000,000and d) 1,809( 36,173prior to the Second Reverse Stock Split and 3,617,333prior to First Reverse Stock Split) shares of common stock were issued to vendors as compensation for services received by the Company which includes 1,434( 28,667prior to the Second Reverse Stock Split and 2,866,666prior to First Reverse Stock Split) shares issued against liabilities assumed under Reverse Recapitalization amounting to $ 17,100,000.

The Original Earnout Terms were modified pursuant to the terms and provisions set forth in the Post-Closing Amendment, effective immediately upon the adoption of the Post- Closing Amendment on December 29, 2023 resulting in distribution of 10,000( 199,994prior to Second Reverse Stock Split and 19,999,407prior to First Reverse Stock Split) shares of common stock to the holders of common stock, preferred stock and holders of SSCPN of Zoomcar, Inc. as it became distributable to stockholders in accordance with the terms of the Merger Agreement.

The holders of the Common Stock are entitled to receive dividends out of funds legally available therefore at such times and in such amounts as the Board of Directors may determine in its sole discretion. In the event of liquidation, dissolution, distribution of assets or winding up of the Company, whether voluntary or involuntary, after the payment or provision for payment of all debts and liabilities of the Company and any and all preferential amounts to which the holders of the Preferred Stock are entitled with respect to the distribution of the net assets of the Company in liquidation, the holders of Common Stock shall be entitled to share ratably in the remaining net assets of the Company available for distribution.

| 24(a) | Preferred 
 Stock     |

A summary of the Zoomcar, Inc. Preferred Stock authorized, issued and outstanding as of the