Company: ZCARW
Filing Date: 2025-04-04
Form Type: 8-K
Source: 0001213900-25-029037
Chunk: 0

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-04-04
Form: 8-K
Item: Item 1.01
Chunk 0
---
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 “December 2024 Form 8-K”)
reporting the Company’s having entered into a Securities Purchase Agreement, dated December 23, 2024 (the “December 2024
SPA”) with certain accredited investors relating to a private placement offering in which the Company offered 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 December 2024 Form 8-K.

Second Closing of Offering

On February 6, 2025, the Company
filed a Current Report on Form 8-K (the “February 2025 Form 8-K”) reporting the Company’s having entered into
a Securities Purchase Agreement, dated January 31, 2025 (the “January 2025 SPA”) with certain accredited investors
relating to a private placement offering in which the Company offered certain additional of the Company’s securities, pursuant to
the Offering. On February 4, 2025, the Company held the second closing of the Offering in which it raised gross proceeds of $1.44 Million
and also issued securities in settlement of a claim in the amount of $1.56 Million for which it did not receive any proceeds (the “Second
Closing”). For more information on the Offering and the Second Closing, please refer to the February 2025 Form 8-K.

Reverse Stock Split

All share and per-share amounts
reported in this Current Report on Form 8-K reflect a 1-for-20 reverse stock split of the Company’s common stock (the “ Common
Stock”), effective as of March 21, 2025 (the “Reverse Split”). The Common Stock commenced trading on the
Nasdaq Stock Market on a post-Reverse Split basis on March 24, 2025.

Securities Purchase Agreement, Registration