Company: ZCARW
Filing Date: 2025-01-10
Form Type: PRER14A
Source: 0001213900-25-002658
Chunk: 24

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-01-10
Form: PRER14A
Chunk 24
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 practicable date after the issuance date, but in no event later than sixty (60)
days after the first Reg D Offering Closing Date for the purpose of obtaining stockholder approval for the exercisability of the Reg D
Investor Bridge Warrants and for certain of the provisions included therein, including, adjustments to the exercise price and number of
shares issuable upon exercise of the Reg D Investors Series A Warrants (a) following a Dilutive Issuance (defined hereafter), (b) in connection
with any Reg D Offering Reset (as defined hereafter), (c) in connection with any Share Combination Event, (d) in connection with any increase
in the maximum eligibility amount of shares issuable pursuant to the Reg D Investors Series BWarrants
and (v) in connection with any voluntary adjustment of the exercise price of the Reg D Investors Series A Warrants (“Reg D Offering Stockholder Approval”). In the event the Reg D Offering Stockholder Approval does not occur, the Company will be required to
hold additional meetings at least one time every sixty (60) days until the earlier of the date Reg D Offering Stockholder Approval is
obtained or the Reg D InvestorsBridge Warrants are no longer outstanding. In the event that
the Company is unable to obtain Reg D Offering Stockholder Approval, the Reg D InvestorsBridge
Warrants will not be exercisable and therefore will have no value.

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The Reg D Investors Bridge Warrants contain a standard cashless exercise provision permitting the holder to exercise the Reg D InvestorsBridge Warrants on a cashless basis if the market price of the Common Stock at the time of exercise is in excess of
the exercise price of the Reg D InvestorsBridge Warrants and there is not an effective resale
registration statement available for the resale of the shares of Common Stock exercisable pursuant to the Reg D InvestorsBridge Warrants.

In addition, the Reg D Investors Series A Warrants include a provision that resets the Reg D Investors
Series A Warrant exercise price with a proportionate adjustment to the number of shares underlying the Reg D Investors Series A Warrants in the event of a Share Combination Event. In the event of a Share Combination Event, the exercise
price of the Reg D InvestorsSeries A Warrants will be reset to a price equal to the lesser
of (i) the then exercise price and (ii) the lowest VWAP during the period commencing five trading days immediately after the date the
Company effects a reverse