Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 242

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 242
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 Warrants, or $4.68 (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations and the like), unless such December Series A Warrants are exercised by the holders. December Series B Warrants The December Series B Warrants have an exercise price of $0.002 per share and were not initially exercisable for any shares of Common Stock, but are all currently exercisable for up to the “Maximum Eligibility Amount, The December Series B Warrants are also subject to customary adjustments for stock dividends, stock splits, distributions and the like. If a Fundamental Transaction (as defined in the December Series A Warrants) occurs, then the successor entity will succeed to, and be substituted for the Company, and may exercise every right and power that the Company may exercise and will assume all of the Company’s obligations under the December Series B Warrants with the same effect as if such successor entity had been named in such warrants itself. If holders of Company’s Common Stock are given a choice as to the securities, cash or property to be received in a Fundamental Transaction, then the holder shall be given the same choice as to the consideration it receives upon any exercise of such warrants following such Fundamental Transaction. As of the date hereof, the December Series B Warrants have been adjusted to the Floor Price of $6.24. A holder of December Series B Warrants does not have the right to exercise any portion of the December Series B Warrants if the holder (together with its affiliates) would beneficially own in excess of 4.99% of the number of shares of the Company’s Common Stock outstanding immediately after giving effect to the exercise, as such percentage ownership is determined in accordance with the terms of the December Series B Warrants. However, any holder may increase or decrease such percentage to any other percentage not in excess of 9.99%, provided that any increase in such percentage shall not be effective until 61 days following notice from the holder to the Company. The December Series B Warrants contain a standard cashless exercise provision permitting the holder to exercise the December Series B Warrants on a cashless basis if the market price of the Company’s Common Stock at the time of exercise is in excess of the exercise price of the December Series B Warrants and there is not an effective resale registration statement available for the resale of the shares of Common Stock underlying the December Series B Warrants. 150 January/February Series A Warrants and March Series A Warrants The terms of the January/February