Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 257

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 257
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 In the ordinary course of their various business activities, the underwriter and its affiliates may make or hold a broad array of investments and actively trade debt and equity securities (or related derivative securities) and financial instruments (including bank loans) for their own account and for the accounts of their customers, and such investment and securities activities may involve securities and/or instruments of us. The underwriter and its respective affiliates may also make investment recommendations and/or publish or express independent research views in respect of these securities or instruments and may at any time hold, or recommend to clients that it acquires, long and/or short positions in these securities and instruments. We entered into securities purchase agreements on December 23, 2024 and January 31, 2025 with certain accredited investors (the “Investors”) relating to a private placement offering in which we were offering shares of common stock, Series A Warrants and Series B Warrants for minimum gross proceeds of $4 million and up to a maximum of $30 million, pursuant to a Confidential Private Placement Memorandum, dated December 3, 2024, as the same has been amended and supplemented from time to time (the “Offering”). On December 25, 2024, we held our first closing of the Offering in which it raised gross proceeds of approximately $5.48 Million (the “First Closing”). On February 4, 2025, we held the second closing of the Offering in which it raised gross proceeds of approximately $1.44 million (the “Second Closing”). On November 5, 2024, we entered into a securities purchase agreement with certain institutional accredited investors, in connection with a private placement offering, pursuant to which we agreed to sell to such investors an aggregate of 2,137,850 units at a price of $4.28 per unit for an aggregate investment of $9.15 million, $2.5 million of which was provided by one of our directors. The closing occurred on November 7, 2024 (the “Closing Date”). On the Closing Date, we issued to the investors 1,302,850 shares of common stock and pre-funded warrants to purchase 835,000 shares of common stock. Purchasers of pre-funded warrants paid the per unit price of $4.28 less $0.0001 for each pre-funded warrant purchased. We raised gross proceeds of $9.15 million and after the deduction of fees and expenses payable to the placement agent and other offering expenses, including legal fees payable to the our