Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 326

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 326
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 These warrants are each exercisable     
 at an exercise price of $4.03 per share and are classified as equity instruments.               |

The common units and pre-funded units are issued at a price of $4.2800 and $4.2799, respectively. Pre-funded warrants can be exercised at any time. The exercise price for the pre-funded warrants is $0.0001, which is to be paid by the warrant holder at the time of exercise of these warrants. As of December 31, 2024, 410,000 Prefunded warrants have been exercised and are converted into common stock.

On December 24, 2024, the Company sold (i) 3,095,925 Common Units, each consisting of one share of common stock, Series A Warrants (“Series A Warrants - December 2024 Offering”) and maximum number of Series B Warrants (“Series B Warrants - December 2024 Offering”) as mentioned in the agreement, and (ii) 420,000 Pre-Funded Units, each consisting of one Pre-Funded Warrant (“Pre Funded Warrants - December 2024 Offering”), such number of Series A Warrants and maximum number of Series B Warrants as mentioned in the agreement, through the placement agent (collectively referred to “December 2024 Offering”). Along with a cash fee, the Company has issued to the placement agent, warrants to purchase 10% of the shares of Common Stock and shares of Common Stock underlying the Pre-funded Warrants*; Series A Warrants equal to 10% of the Series A Warrants sold at closing and Series B Warrants equal to 10% of the Series B Warrants issued at or following the Reset Date.

| * | 351,593                                                                                       
 warrants to the placement agent as a part of compensation for services rendered in connection 
 with the November 2024 offering. These warrants are each exercisable at an exercise price     
 of $1.95 per share and are classified as equity instruments.                                  |

The common units and pre-funded units are issued at a price of $1.56 and $1.5599, respectively. Pre-funded warrants can be exercised at any time. The exercise price for the pre-funded warrants is $0.0001, which is to be paid by the warrant holder at the time of exercise of these warrants.

The holders of Common Stock are entitled to one vote per share on all matters submitted to the stockholders for their vote or approval. On all matters to