Company: ZCARW
Filing Date: 2025-02-06
Form Type: 8-K
Source: 0001213900-25-010935
Chunk: 1

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-06
Form: 8-K
Item: Item 1.01
Chunk 1
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 Stock, as determined
on the Reset Date (as described below), subject to certain adjustments (the “ Series B Warrants” and collectively with
the Shares, the Pre-Funded Warrants and the Series A Warrants, the “ Securities”). The Securities were offered at a
price of $1.56 for an aggregate investment of $2,998,000; provided, however, that the Company did not receive any cash proceeds with respect
to Securities with a subscription price of $1,560,000 of such amount, as those Securities were issued in consideration for the settlement
of litigation with a claimant. The Series A Warrants are exercisable for a period of five years from the date that they are initially
exercisable, at an initial exercise price of $1.95 per share. The exercise price and the number of shares available for exercise pursuant
to the Series A Warrants are subject to adjustment, as provided below. The Series B Warrants are exercisable until they are exercised,
at an exercise price of $0.0001. The Second Closing occurred on February 4, 2025 (the “ Second Closing Date”). On the
Second Closing Date, the Company issued to the Investors 1,049,796 shares of Common Stock and Pre-Funded Warrants to purchase 872,000
shares of Common Stock. Purchasers of Pre-Funded Warrants paid $1.56 less $0.0001 for each Pre-Funded Warrant purchased. The Company raised
gross proceeds of approximately $1,44 million and after the deduction of fees and expenses payable to the Placement Agent (defined hereafter)
and other offering expenses, including legal fees payable to the Company’s and Placement Agent’s counsel, the net proceeds
to the Company was approximately $1.25 million.

All other terms and conditions
of the Securities Purchase Agreement are the same as those in the December SPA and the description of the Securities issued at the Second
Closing is the same as the securities issued by the Company at the First Closing, provided that all shares of Common Stock and all shares
of Common Stock issuable upon the exercise of any of the Securities issued at the Second Closing will be registered for resale in the
same resale registration statement that the Company is filing to register shares of Common Stock issued or issuable with respect to the
First Closing. For more information please refer to the Prior Form 8-K.

Placement Agent

In connection with the Offering,
the Company retained Aegis Capital Corp., pursuant