Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 640

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 3
Chunk 640
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 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. Also issued along
with the shares of Common Stock and/or the Pre-Funded Warrants were (x) Series A Warrants to initially purchase up to an aggregate of
4,804,491 shares of Common Stock, which does not reflect the Second Reverse Split, subject to certain adjustments and (y) Series B Warrants
to initially purchase no shares of Common Stock, subject to certain adjustments as provided in the Series B Warrants. As a result of the
First Closing, the Company received $1,249,911 of cash and cash equivalents after giving effect to offering fees and expenses.

On June 24, 2025, the Company
closed two Securities Purchase Agreements (each, a “Purchase Agreement”) with 1800 Diagonal Lending LLC, a Virginia limited
liability company (“DLL”), and Boot Capital LLC, a Delaware limited liability company (“Boot”) (both investors
collectively “June 2025 Noteholders”), respectively, in connection with a private placement offering of convertible bridge
notes (each, a “Note” and collectively, the “Notes”) in the aggregate principal amount of $290,240.00 and $111,760.00,
respectively. Pursuant to the Purchase Agreements, DLL purchased a Note in the original principal amount of $290,240.00 with an original
issue discount of $30,240.00 and net proceeds to the Company of $250,000.00, after fees. Boot purchased a Note in the original principal
amount of $111,760.00 with an original issue discount of $11,760.00 and net proceeds to the Company of $100,000.00. Each Note bears interest
at a rate of 12% per annum and is due on March 30, 2026. The Notes include scheduled installment repayments, and may be prepaid in full
by the Company at a discount to the outstanding balance. The Notes are subject to default interest at a rate of 22% per annum and include
customary events of default and covenants.

On July 31, 2025 , the Company further entered into two Securities
Purchase Agreements (each a “Purchase Agreement”) with 1800 Diagonal Lending LLC, a Virginia limited liability company (“DLL”),
and Boot Capital LLC, a Delaware