Company: ZCARW
Filing Date: 2025-01-21
Form Type: DEF 14A
Source: 0001213900-25-005022
Chunk: 43

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-01-21
Form: DEF 14A
Chunk 43
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her or its post-Reverse Split shares only by sending the exchange agent (who will be the Company’s transfer agent) the stockholder’s
old stock certificate(s), together with the properly executed and completed letter of transmittal and such evidence of ownership of the
shares as we may require. Stockholders will not receive certificates for post-Reverse Split shares unless and until their old certificates
are surrendered. Stockholders should not forward their certificates to the exchange agent until they receive the letter of transmittal,
and they should only send in their certificates with the letter of transmittal. The exchange agent will send each stockholder, if elected
in the letter of transmittal, a new stock certificate after receipt of that stockholder’s properly completed letter of transmittal
and old stock certificate(s). A stockholder that surrenders his, her or its old stock certificate(s) but does not elect to receive
a new stock certificate in the letter of transmittal will be deemed to have requested to hold that stockholder’s shares electronically
in book-entry form with our transfer agent.

Certain of our registered
holders of Common Stock hold some or all of their shares electronically in book-entry form with our transfer agent. These stockholders
do not have stock certificates evidencing their ownership of our Common Stock. They are, however, provided with a statement reflecting
the number of shares registered in their accounts. If a stockholder holds registered shares in book-entry form with our transfer agent,
the stockholder may return a properly executed and completed letter of transmittal.

Stockholders who hold
shares in street name through a nominee (such as a bank or broker) will be treated in the same manner as stockholders whose shares are
registered in their names, and nominees will be instructed to effect the Reverse Split for their beneficial holders. However, nominees
may have different procedures and stockholders holding shares in street name should contact their nominees.

Stockholders will not
have to pay any service charges in connection with the exchange of their certificates.

Anti-Takeover and Dilutive Effects

The authorized Common
Stock and preferred stock will not be diluted as a result of the Reverse Split. The Common Stock and preferred stock that are authorized
but unissued provide the Board with flexibility to effect among other transactions, public or private financings, acquisitions, stock
dividends, stock splits and the granting of equity incentive awards. However, these authorized but unissued shares may also be used by
our Board, consistent with and