Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 109

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 109
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 on our Common Stock for the foreseeable future, you may not receive any return on your investment unless you sell your Common Stock at a price greater than what you paid for it.

We intend to retain future
earnings, if any, for future operations, expansion and debt repayment and there are no current plans to pay any cash dividends for the
foreseeable future. The declaration, amount and payment of any future dividends on shares of our Common Stock will be at the sole discretion
of the Board. The Board may take into account general and economic conditions, our financial condition and results of operations, our
available cash and current and anticipated cash needs, capital requirements, contractual, legal, tax and regulatory restrictions, implications
of the payment of dividends by us to our stockholders or by our subsidiaries to us and such other factors as the Board may deem relevant.
As a result, you may not receive any return on an investment in the Common Stock unless you sell your Common Stock for a price greater
than that which you paid for it.

Our warrants issued prior to the date hereof may have an adverse effect on the market price of our Common Stock.

As of March [ ],
2025, we have issued and outstanding options to purchase [ ] shares of our Common Stock with a weighted average exercise price of $11,460;
Pre-Funded Warrants to purchase up to [ ] shares of Common Stock at an exercise price of $0.0001
per share; warrants to purchase [ ] shares of Common Stock with an exercise price of $6,000 per
share which were assumed by the Company in connection with the Business Combination; 11,500,000 Public Warrants to purchase 5,750 shares
of our Common Stock, each Public Warrant exercisable into one two thousandth of one share of Common Stock at an exercise price of $11,420
per full share; June 2024 Warrants and June 2024 Placement Agent Warrants to purchase up to an aggregate of [ ]
shares of Common Stock; November Series A Warrants, November Placement Agent Common Warrants and November Placement Agent Series A Warrants
issued in connection with the November Offering to purchase up to an aggregate of [ ] shares
of Common Stock at an exercise price of $16.12 per share, November Series B Warrants and November Placement Agent Series B Warrants for
a maximum of [ ] shares of Common Stock at an exercise price of $0.0001 per share;
December Series A Warrants, December Placement Agent