Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 24

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 24
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 of the December Investors to beneficially own more than 4.99% or 9.99% of the shares of Common Stock outstanding, at the option of each December Investor. After the deduction of fees and expenses payable to the Placement Agent, and other offering expenses, the net proceeds to the Company was approximately $4.79 million. The January/February Offering On January 31, 2025, the Company entered into the January/February Securities Purchase Agreement, in connection with the January/February Offering and on February 4, 2025, the January/February Offering was closed, pursuant to which the Company sold to investors in the January/February Offering (the” January/February Investors”), an aggregate of (i) 52,490 shares of Common Stock, after giving effect to the Second Reverse Stock Split, (ii) Pre-Funded Warrants exercisable for an aggregate of 43,600 shares of Common Stock, after giving effect to the Second Reverse Stock Split, (iii) January/February Series A Warrants to purchase up to a maximum of 1,501,404 shares of Common Stock, after giving effect to the Second Reverse Stock Split, and January/February Series B Warrants to purchase up to a maximum of 384,360 shares of Common Stock for an aggregate investment of $2,998,000; provided, however, that the Company did not receive any cash proceeds with respect to the sale of securities with a subscription price of $1,560,000 of such amount, as those securities were issued in consideration for the Former Consultant Settlement. The January/February Investors were provided with the option to have all or a portion of the shares of Common Stock issued pursuant to Pre-Funded Warrants to the extent that the issuance of shares of Common Stock would cause any of the January/February Investors to beneficially own more than 4.99% or 9.99% of the shares of Common Stock outstanding, at the option of each January/February Investor. After the deduction of fees and expenses payable to the Placement Agent, and other offering expenses, the net proceeds to the Company was approximately $1.25 million. The March Offering As of March 31, 2025, the Company entered into the March Securities Purchase Agreement, in connection with the March Offering and the March Offering was closed as of March 31, 2025, pursuant to which the Company sold to the certain investors in the March Offering (the “March Investors”), an aggregate of (i) 501