Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 139

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 139
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 expense,         
 stock-based employee compensation, issuance cost towards November and December 2024 offering, note issue expenses, gain on trouble restructuring, 
 Interest expenses on redeemable promissory note and finance leases, depreciation and amortization of long-lived assets and intangibles            
 assets, discount on issuance of common stock and warrants, among others.                                                                          |

| 2. | Net decrease in working capital                                                                                                         
 of $4.68 million was a result of improved working capital management during the nine months ended December 31, 2024, as compared to the 
 nine months ended December 31, 2023.                                                                                                    |

Investing Activities Net cash generated from investing activities totaled $0.46 million for the nine months ended December 31, 2024, as compared to Net cash used for investing activities totaled $0.06 million during the same period in 2023. The increase in cash generated during the nine months ended December 31, 2024, is largely attributable to receipt of proceeds from maturity of investment in fixed deposits during the current nine months as compared use of proceeds to investment in fixed deposits during the nine months ended December 31,2023. Financing Activities Net cash generated from financing activities totaled $7.70 million and $11.20 million during the nine months ended December 31, 2024, and December 31, 2023, respectively. The Company received proceeds from issue of redeemable promissory notes $3.00 million out of which note issuance expenses of $0.49 million has been paid, issuance of equity and warrants amounting to $14.63 million out of which $2.18 million paid in relation to issuance expenses of equity and warrants, and repayment of redeemable promissory note of $3.80 million, debt repayments and principal payment of finance lease obligations totaled to $3.46 million during the nine months ended December 31, 2024 as compared to proceeds from the issuance of Senior Subordinated convertible promissory note of $13.18 million which was partly offset by note issuance cost, debt repayments and principal payment of finance lease obligations totaled to $1.37 million, during the nine months ended December 31, 2023. As the Company’s cash position decreased, critical payments and debt repayments were not being made in the ordinary course of business. 81 Contractual Obligations and Commitments Contractual obligations are cash amounts that we are obligated to pay as part of certain contracts that we