Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 49

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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INGS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

21Capital Stock

On November 7, 2024, the Company sold
(i) 1,302,850 Common Units, each consisting of one share of common stock, two Series A Warrants (“Series A Warrants - November 2024
Offering”) and maximum number of Series B Warrants (“Series B Warrants - November 2024 Offering”) as mentioned in the agreement,
and (ii) 835,000 Pre-Funded Units, each consisting of one Pre-Funded Warrant (“Pre Funded Warrants - November 2024 Offering”),
two Series A Warrants, and maximum number of Series B Warrants as mentioned in the agreement, through the placement agent (collectively
referred to “November 2024 Offering”). Along with a cash fee, the Company has issued to the placement agent, warrants to purchase
10% of the shares of Common Stock and shares of Common Stock underlying the Pre-funded Warrants (“Common Stock Warrants”)*;
Series A Warrants equal to 10% of the Series A Warrants sold at closing and Series B Warrants equal to 10% of the Series B Warrants issued
at or following the Reset Date.

*213,785 Common Stock Warrants were issued to the placement
agent as a part of compensation for services rendered in connection with the November 2024 offering. These warrants are each exercisable
at an exercise price of $4.03 per share and are classified as equity instruments.

The common units and pre-funded units are issued at a price of $4.2800
and $4.2799, respectively. Pre-funded warrants can be exercised at any time. The exercise price for the pre-funded warrants is $0.0001,
which is to be paid by the warrant holder at the time of exercise of these warrants. As of December 31, 2024, 410,000 Prefunded warrants
have been exercised and are converted into common stock.

On December 24, 2024, the Company
sold (i) 3,095,925 Common Units, each consisting of one share of common stock, Series A Warrants (“Series A Warrants - December 2024
Offering”) and maximum number of Series B Warrants (“Series B Warrants - December 2024 Offering”) as mentioned in the agreement,
and (ii) 420,000