Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 7

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 7
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 the Closing. “ Code” means the Internal Revenue Code of 1986, as amended. “ Founder Shares” means Class B Ordinary Shares initially purchased by the Sponsor in the private placement prior to the IPO, and the shares of Common Stock issued upon the conversion thereof at the Closing. “ DGCL” means the General Corporation Law of the State of Delaware, as amended. “ Effective Time” means the effective time of the Merger in accordance with the Merger Agreement. “ Incentive Plan” means the Zoomcar Holdings, Inc. 2023 Equity Incentive Plan. “ Exchange Act” means the Securities Exchange Act of 1934, as amended. “GAAP”means generally accepted accounting principles in the United States. “ IOAC” means the Company prior to the Closing. “ IPO” means the initial public offering of IOAC’s Units at a public offering price of $10.00 per Unit that it consummated on October 29, 2021. “ Merger” means the merger of Merger Sub with and into Zoomcar, with Zoomcar continuing as the surviving corporation and as a wholly-owned subsidiary of the Company, in accordance with the terms of the Merger Agreement. iii “ Merger Agreement” means the Agreement and Plan of Merger and Reorganization, dated as of October 13, 2022, as amended by the Post-Closing Amendment, by and among IOAC, Zoomcar, Merger Sub and the Seller Representative. “ Nasdaq” means The Nasdaq Stock Market LLC. “ Ordinary Shares” means the Class A Ordinary Shares and Class B Ordinary Shares. “ Post-Closing Amendment” means the amendment to the Merger Agreement, dated as of December 29, 2023. “ Private Placement Shares” means the Class A ordinary shares issued by IOAC to the Sponsor, Cantor and CCM in a private placement simultaneously with the closing of the IPO. “ Public Warrants” or “ Warrants” means one (1) whole redeemable warrant that was included in as part of each Unit, entitling the holder thereof to purchase one (1) share of Common Stock after the Business Combination at a purchase price of $5.71 per share. “ Amended and Restated Registration Rights Agreement” means the Amended and Restated Registration Rights Agreement, dated as of December 28, 2023, by and among the Company, the Sponsor, certain shareholders of IOAC and certain stockholders of Zoomcar. “ SEC” means the U