Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 280

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 280
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 of our Company, provided that such securities are issued as “restricted securities”
(as defined in Rule 144) and carry no registration rights that require or permit the filing of any registration statement in connection
therewith during the Standstill Period, and provided that any such issuance shall only be to a person or entity (or to the equityholders
of an entity) which is, itself or through its subsidiaries, an operating company or an owner of an asset in a business synergistic with
the business of our Company and shall provide to our Company additional benefits in addition to the investment of funds, but shall not
include a transaction in which our Company is issuing securities primarily for the purpose of raising capital or to an entity whose primary
business is investing in securities. In no event should any equity transaction during the Standstill Period result in the sale of equity
at an offering price to the public less than that of this offering.

Discretionary Accounts

Aegis has informed us that
they do not expect to make sales to accounts over which they exercise discretionary authority in excess of five percent (5%) of the securities
being offered in this offering.

Indemnification

We have agreed to indemnify
the underwriter against certain liabilities, including certain liabilities under the Securities Act. If we are unable to provide this
indemnification, we have agreed to contribute to payments the underwriter may be required to make in respect of those liabilities.

Stock Exchange

Our common shares are currently
listed on the Nasdaq Global Market under the symbol “ZCAR”.

Determination of Offering Price and Exercise Price

The actual public offering
price of the securities we are offering, and the exercise price of the warrants and Pre-Funded Warrants included in the Units that we
are offering, were negotiated between us and the underwriter based on the trading of our common shares prior to the offering, among other
things. Other factors considered in determining the public offering price of the securities we are offering, as well as the exercise price
of the warrants included in the Units and Pre-Funded Warrants that we are offering, include our history and prospects, the market price
of our common shares on Nasdaq, the stage of development of our business, our business plans for the future and the extent to which they
have been implemented, an assessment of our management, the general conditions of the securities markets at the time of the offering and
such other factors as were deemed relevant.

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Electronic Distribution

A