Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 101

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 101
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% with respect to certain of the December Selling Holders who are deemed “insiders,” (ii) a non-accountable expense allowance of up to 3% of the aggregate gross proceeds raised by the Placement Agent in the Offering (1.5% with respect to “insiders”), (iii) a five-year placement agent warrant which are currently exercisable for up to 439,492 shares at a current exercise price of $1.56 per share, which reflects an adjustment on December 31, 2024 and is subject to additional adjustments, in the future and (iv) December Series A Placement Agent Warrants and December Series B Placement Agent Warrants similar to the December Series A Warrants and December Series B Warrants issued to the December Selling Holders to purchase 10% of the number of shares Common Stock issuable to the December Selling Holders pursuant to exercise of the December Series A Warrants and the December Series B Warrants. The Company also agreed to pay a warrant solicitation fee of 5% of the proceeds received from the cash exercise of any December Series A Warrants. The amount of shares of Common Stock exercisable under the Placement Agent Warrants and the applicable exercise prices have been adjusted as provided in this prospectus. 52 Also under the terms of the PAA, the Company has agreed for a period of 18 months after the December Offering Closing Date, unless it obtains the consent of the Placement Agent, subject to certain exceptions not to sell any equity securities or securities convertible in equity securities or file any registration statements relating thereto. The Company has also agreed, unless it obtains the consent of the Placement Agent, not to conduct any variable rate transactions until the later of (a) 18 months after the Closing Date and (b) the three month anniversary of the Release Date. The Company has also granted the Placement Agent a right of first refusal for a period of two years after the December Offering Closing Date, to act as sole book-runner, sole manager, sole placement agent or sole agent with respect to any future financings. The Company has also agreed for a period of 18 months after the Closing Date to pay the Placement Agent tail fees similar to the fees provided for under the PAA, with respect to any investors that were introduced to the Company by the Placement Agent. For information on the terms of the Pre-Funded Warrants, the December Series A Warrants and the December Series B Warrants, and certain registration rights, see “ Description of Securities.” January/February Offering On January