Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1218

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 3
Chunk 1218
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 A claim has been made, pursuant to the terms of the Prior Placement Agreement, for the payment of cash fees
and the issuance of warrants to the Prior Placement Agent, as and for “tail fees” owed in connection with any financings
within 18 months after the expiration or termination of the Prior Placement Agreement. The claims are made with respect to the sales
of securities in the offerings closed by the Company in June 2024, November 2024, December 2024 and February 2025. The demand is for
7% of the aggregate gross proceeds received by the Company in each of those offerings from investors on a “tail list” provided
by the Prior Placement Agent and warrants to purchase up to 7% of the aggregate number of shares of common stock issued in each of the
offerings to investors on the “tail list,” which warrants are to have the same terms and warrants offered to investors in
each of the offerings, with an exercise price equal to 125% of the applicable offering price.

With
respect to the offering closed in June 2024, the claim is made with respect to one investor claimed to be on the “tail list,”
for a cash fee of 7% of the aggregate gross proceeds received from such investor and 7% warrant coverage, with respect to that investor,
but no specific amount is claimed. With respect to the offering closed in November 2024, there is a claim for a cash fee of $77,000 and
warrants to purchase an aggregate of 17,900 shares of common stock at an exercise price of $107 per share, for the same investor.”
With respect to the offering closed in December 2024, there is a claim for a cash fee of 7% of the aggregate gross proceeds received
from the same investor and 7% warrant coverage, with respect to that investor, but no specific amount is claimed. A similar claim was
also made to the extent that such investor participated in the offering closed in February 2025.

The Company has taken necessary financial provisions of $185,077 as
recorded in the “Other expense/(income), net” in the Consolidated Financial Statements for the year ending on March 31, 2025.

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Other Matters 

Zoomcar utilizes a set of
Terms and Conditions (“T&Cs”) tailored specifically for each of the jurisdictions in which we operate which includes
privacy policy, platform use policy, terms and conditions for Host and Guest. These T&