Company: ZCARW
Filing Date: 2025-02-06
Form Type: 8-K
Source: 0001213900-25-010935
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Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-06
Form: 8-K
Item: Item 1.01
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Item 1.01. Entry into a Material Definitive Agreement

First Closing of Offering

On December 26, 2024, Zoomcar
Holdings, Inc. (the “ Company”) filed a Current Report on Form 8-K (the “Prior Form 8-K”) reporting
the Company’s having entered into a Securities Purchase Agreement (the “ December SPA”) with certain accredited
investors relating to a private placement offering in which the Company is offering certain of the Company’s securities for minimum
gross proceeds of $4 million and up to a maximum of $30 million, pursuant to a Confidential Private Placement Memorandum, dated December
3, 2024, as such may be amended from time to time (the “ Offering”). On December 25, 2024, the Company held the first
closing of the Offering in which it raised gross proceeds of $5.48 Million (the “ First Closing”). For more information
on the Offering and the First Closing please refer to the Prior Form 8-K.

Securities Purchase Agreement, Registration
Rights and Second Closing

On January 31, 2024, the Company
entered into a securities purchase agreement, substantially the same as the December SPA (the “ Securities Purchase Agreement”)
with certain additional accredited investors (the “ Investors”), in connection with the second closing of the Offering
(the “ Second Closing”). Pursuant to the terms and conditions of the Securities Purchase Agreement, the Company agreed
to sell to such Investors an aggregate of (i) 1,049,796 shares of common stock (the “Shares’) of the Company, par value
$0.0001 per share (the “ Common Stock”) and (ii) pre-funded warrants issued to certain of the Investors, at their option,
exercisable for an aggregate of up to 872,000 shares of Common Stock, to the extent that the issuance of shares of Common Stock would
cause such Investors to beneficially own more than 4.99% or 9.99% of the shares of Common Stock outstanding (the “Pre-Funded
Warrants”). Also issuable along with the Shares and/or the Pre-Funded Warrants are (i) Series A Warrants to initially purchase
up to an aggregate of 4,804,491 shares of Common Stock, subject to certain adjustments (the “ Series A Warrants”) and
(ii) Series B Warrants to purchase initially no shares of Common Stock and then up to such number of shares of Common