Company: ZCARW
Filing Date: 2025-01-10
Form Type: PRER14A
Source: 0001213900-25-002658
Chunk: 16

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-01-10
Form: PRER14A
Chunk 16
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 the Institutional InvestorsSeries A Warrants will be reset to a price equal to the lesser of (i) the then exercise price and (ii) the lowest VWAP
during the period commencing five trading days immediately after the date the Company effects a reverse stock split, subject to a floor
price of $4.03 (which is the “Minimum Price” under Nasdaq Listing Rules (the “Nasdaq Minimum Price”)) prior
to receipt of stockholder approval or $0.806 following receipt of Institutional Offering Stockholder Approval (in each case, adjusted
for any stock dividend, stock split, stock combination, reclassification or similar transaction, the “Institutional Offering Floor Price”). Additionally, and the number of Institutional InvestorsSeries A
Warrant shares issuable upon exercise of the Institutional InvestorsSeries A Warrants shall
be increased such that the aggregate exercise price, after taking into account the decrease in the exercise price, shall be equal to the
aggregate exercise price on the issuance date (adjusted for any Institutional InvestorsSeries
A Warrants exercised or sold by the holder prior to the date of such Share Combination Event) for the Series A Warrant Shares then outstanding.

The Institutional Investors
Series A Warrants are also subject to full ratchet anti-dilution protection for any issuances of Company securities (other than certain
excluded issuances) at a price or effective price (as determined in accordance with the terms of the Institutional Investors Series A
Warrants, the “Dilutive Issuance Price”) that is less than the then current exercise price of the Institutional Investors
Series A Warrants following the issuance date (a “Dilutive Issuance”). In the event of a Dilutive Issuance, the exercise
price of the Institutional Investors Series A Warrants will be reduced to the lower of the Dilutive Issuance Price and the lowest VWAP
during the five consecutive trading days commencing after the date of the Dilutive Issuance, in each case, subject to the Institutional
Offering Floor Price and the number of shares issuable upon exercise of the Institutional Investors Series A Warrants shall be proportionately
adjusted such that the aggregate exercise price of the Institutional Investors Series A Warrants shall remain unchanged.

The Institutional InvestorsBridge Warrants are also subject to customary adjustments for stock dividends, stock splits, distributions and the like.
If a fundamental transaction occurs, then the successor entity will succeed to, and be substituted for the Company, and may exercise every
right and power