Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 290

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 290
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4:

| (In USD)            
 As at               |     | Fair              
 Value Outstanding 
 December          
 31,               
 2024              |           |     | March 
 31,   
 2024  |   |
|:--------------------|:----|:------------------|----------:|:----|:------|:--|
| Current             |     |                   |           |     |       |   |
| Series A and Series 
 B Warrants          |     | $                 | 7,950,503 |     | $     | - |
| Total               |     | $                 | 7,950,503 |     | $     | - |

On November 7, 2024, the Company had issued, in the November 2024 Offering, 4,275,700Series A warrants, each exercisable for oneshare of Common Stock at an initial exercise price of $ 4.03per share. Each Series A warrant is exercisable on or after the initial exercise date as defined in the agreement and until expiry of five yearsfrom such date. On the Reset Date, as defined in the agreement, the exercise price of the warrants shall be adjusted to equal the lower of the exercise price and the Reset Price. Upon such reset, the number of warrant shares issuable upon exercise shall be increased such that aggregate exercise price remains unchanged. The Reset Price is defined as greater of a) the lowest daily volume weighted average price (“VWAP”) during the ten trading day period following the Reset Date and b) the floor price as mentioned in the agreement. The Company has issued 427,570Series A warrants to the placement agent as a part of compensation for services rendered in connection with the November 2024 offering.

The Company had also sold, in the November 2024 Offering, Series B warrants, with a maximum eligibility at issue date equal to zero which shall be increased on the reset date as defined in the agreement to equal the Reset Share Amount. Each warrant will be exercisable for oneshare of Common Stock at a nominal exercise price of $ 0.0001per share. Reset Share Amount means the number of shares of Common Stock obtained by subtracting (a) the total number of shares and warrants purchased by the holder from (b) the quotient determined by dividing (i) the aggregate purchase price paid by the holder (including all exercise prices paid or payable in respect of pre-funded warrants) by (ii) the Reset Price. The Company also issued Series B