Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 41

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 41
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 and the three-year anniversary of the issuance date (a “Share Combination Event”). In the event of a Share Combination Event, the exercise price of the warrants will be reset to a price equal to the lesser of (i) the then exercise price and (ii) the lowest volume weighted average price (VWAP) during the period commencing five trading days immediately after the date the Company effects a reverse stock split, subject to a floor price of $56.64 for the June Warrants, $16.12 for the November Series A Warrants and $6.24 for the Series A Warrants issued at in the December Offering and the January/February Offering (as may be adjusted in the future for any stock dividend, stock split, stock combination, reclassification or similar transaction, the “Floor Price”). The June Warrants, the November Series A Warrants and the Series A Warrants issued in the December Offering and January/February Offering are also subject to full ratchet anti-dilution protection for any issuances of Company securities (other than certain excluded issuances) at a price or effective price that is less than the then current exercise price of the warrants following the issuance date. In the event of a Dilutive Issuance, the exercise price of the June Warrants and the November Series A Warrants will be reduced to the lower of the Dilutive Issuance Price and the lowest VWAP during the five consecutive trading days commencing after the date of the Dilutive Issuance, in each case, subject to the Floor Price, and there will be a proportionate adjustment to the number of shares underlying such warrants The exercise price of the Series A Warrants issued at the First Closing and the Second Closing will be reduced to the Dilutive Issuance Price, subject to the Floor Price, and there will be a proportionate adjustment to the number of shares underlying the such warrants. As a result, of any of the foregoing, the exercise price of the Series A Warrants issued in the December Offering and the January/February Offering would be reduced, subject to the $6.24 Floor Price. All warrants, including the above mentioned June Warrants, the November Series A Warrants and the Series A Warrants issued in the December Offering and January/February Offering, have already been reduced to their applicable Floor Price and, therefore, no further adjustments are applicable. 18 Further, the June Warrants, the November Series A Warrants and the Series A Warrants issued in the December Offering and January/February