Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 103

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 103
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 a number of shares of Common Stock equal to 15% of the number of shares of Common Stock issued and outstanding on March 31, 2025, or an additional 369,311shares. We intend to file a registration statement on Form S-8 under the Securities Act to register these additional shares of Common Stock or securities convertible into or exchangeable for shares of Common Stock issued pursuant to the Incentive Plan. Accordingly, shares to be registered under such a registration statement will be available for sale in the open market upon the effectiveness of the registration statement. In the future, we may also issue our securities to raise capital or in connection with investments or acquisitions. We may also issue additional securities upon adjustments included in our existing securities. For example, on June 18, 2024, we closed a private placement transaction of notes and warrants for $3 million of gross proceeds, on November 7, 2024, we closed a private placement transaction of shares and warrants for $9.15 million of gross proceeds, on December 24, 2024, we consummated the December Offering in which we issued shares and warrants for $5,484,843 of gross proceeds, and on February 4, 2025, we consummated the January/February Offering in which we issued shares and warrants for $1,400,000 of gross proceeds. The amount of shares of Common Stock issued or issuable upon exercise or conversion of securities issued in connection with a capital raise or an investment or acquisition could constitute a material portion of the then-outstanding shares of the Common Stock. Any issuance of additional securities in connection with capital raising activities, investments or acquisitions may result in additional dilution to our stockholders. Our permitting certain holders of our Series B Warrants to exercise their Series B Warrants before they may be exercisable under their terms could result in claims and/or litigation against us by our stockholders. The Series B Warrants issued in connection with the December 2024 Offering, the January/February Offering and the March Offering were exercisable for zero shares of Common Stock, until the applicable Reset Date, as defined in the respective Series B Warrants, has been triggered. The applicable Reset Date is triggered on the date that is the later of (a) ten trading days after stockholder approval for the Series B Warrants has been obtained, which occurred at a meeting of stockholders on February 28, 2025 or (b) the earliest of (i) the date on which for ten consecutive