Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 386

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1A
Chunk 386
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 and other affiliates. 

We filed resale registration
statements on December 12, 2024, to register for resale a total of shares of Common Stock 660,320 (13,206,386 shares of Common Stock
prior to giving effect to the Second Reverse Split) including shares of Common Stock issuable upon exercise of outstanding warrants.

56

We also filed resale registration
statements March 4, 2025, to register for resale a total of 6,682,720 shares of Common Stock (133,654,397 shares of Common Stock prior
to giving effect to the Second Reverse Split) including shares of Common Stock issuable upon exercise of outstanding warrants.

All of the remaining Registrable
Securities in the above mentioned offerings were included in those registration statements. These registration statements are still pending
and a large number of such Registrable Securities continue to be unregistered, but upon effectiveness of that registration statement,
it is likely that many of the securities registered for resale thereunder will be sold.

As of March 31, 2025, the
Company entered into a securities purchase agreement, substantially in the same form as the December 2024 SPA and the January 2025 SPA
with certain additional accredited investors in connection with the third closing of the Offering (the “Third Closing”).
The Company did not receive any cash proceeds in the Third Closing. The securities were issued to the investors either (i) as consideration
for waiving certain rights that such investors may have had in connection with a most favored nations provision included in the transaction
documents for a prior financing of Zoomcar, Inc. or (ii) to settle outstanding amounts owed by the Company to its Placement Agent and
the Legal Counsels (Aegis Settlement and Law Firm Settlement described below). Pursuant to the terms and conditions of the Securities
Purchase Agreement, the Company issued to such investors an aggregate of $15,639,099 of securities consisting of 501,318 shares of common
stock of the Company, par value $0.0001 per share (the Common Stock). The Company along with the Common Stock issued (i) Series A Warrants
to purchase up to an aggregate of 6,706,192 shares of Common Stock at an exercise price of $6.24 per share, which takes into account
a “share combination event” adjustment effective following the issuance of such warrants as a result of the Reverse Split
(the “Series A Warrants”) and (ii) Series B Warrants to purchase