Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 238

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 238
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 the terms of the November Series A 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 November Series A Warrants contain a standard cashless exercise provision permitting the holder to exercise the November Series A 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 November Series A Warrants and there is not an effective resale registration statement available for the resale of the shares of Common Stock underlying the November Series A Warrants. November Series B Warrants The November Series B Warrants have an exercise price of $0.002 per share and were not initially exercisable for any shares of Common Stock, but also contain a reset adjustment on the December Reset Date, depending on the price determined by the VWAP Formula, if it is less than the per unit purchase price on the Closing Date, then the maximum eligibility number of shares of Common Stock will be determined so that the sum of (a) the number of shares of Common Stock and/or shares of Common Stock underlying the November Pre-Funded Warrants issued on the Closing Date and (b) the number of shares of Common Stock issued pursuant to the November Series B Warrants on the November Reset Date would equal the number of shares of Common Stock and/or November Pre-Funded Warrants that would have been issued to certain of the November Investors on the Closing Date if the per unit purchase price had been the price determined pursuant to the VWAP Formula. The number of shares of Common Stock available for exercise under the November Series B Warrants have all been set at the “Maximum Eligibility Amount,” based on the floor price of $16.12 per share The November 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 November 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 November 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