Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 385

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1A
Chunk 385
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 of operations, capital requirements, and future agreements and financing instruments, business prospects and such
other factors as our Board deems relevant.

Because there are no current plans to pay
cash dividends on our Common Stock for the foreseeable future, you may not receive any return on investment unless you sell your Common
Stock at a price greater than what you paid for it.

We intend to retain future
earnings, if any, for future operations, expansion and debt repayment and there are no current plans to pay any cash dividends for the
foreseeable future. The declaration, amount and payment of any future dividends on shares of our Common Stock will be at the sole discretion
of the Board. The Board may take into account general and economic conditions, our financial condition and results of operations, our
available cash and current and anticipated cash needs, capital requirements, contractual, legal, tax and regulatory restrictions, implications
of the payment of dividends by us to our stockholders or by our subsidiaries to us and such other factors as the Board may deem relevant.
As a result, you may not receive any return on an investment in the Common Stock unless you sell your Common Stock for a price greater
than that which you paid for it.

Future sales, or the perception of future
sales, by us or our stockholders in the public market could cause the market price for the Common Stock to decline.

The sale of shares of our
Common Stock in the public market, or the perception that such sales could occur, could harm the prevailing market price of shares of
Common Stock. These sales, or the possibility that these sales may occur, also might make it more difficult for the us to sell equity
securities in the future at a time and at a price that it deems appropriate.

As of June 27, 2025 we have
a total of 6,284,491 shares of Common Stock outstanding (i) without giving effect to any awards that may be issued under the Incentive
Plan and (ii) assuming no exercise of the outstanding options and warrants. All shares currently held by public stockholders and all of
the shares issued in the Business Combination to former Zoomcar Stockholders are freely tradable without registration under the Securities
Act (except for the Common Stock that are the subject of resale registration statement pending effectiveness or filing ), and without
restriction by persons other than our “affiliates” (as defined under Rule 144 under the Securities Act, (“Rule 144”)),
including our directors, executive officers