Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1127

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 2
Chunk 1127
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OOMCAR HOLDINGS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

33Financial
Instruments - Fair Value Measurements (Continued)

The changes in the fair value are summarized
below:

    Preferred stock warrant liability  
    Notes  
    SSCPN  
    Unsecured Convertible Note (‘Atalaya Note’)  
    Derivative financial instruments 

    Balance as of April 1, 2023 
    $1,190,691  
    $10,944,727  
    $17,422,132  
    $-  
    $14,373,856 
  
    Issue of unsecured convertible note at discount 
     -  
     -  
     -  
     8,434,605  
     - 
  
    Issue of SSCPN and warrants 
     -  
     -  
     13,175,026  
     -  
     - 
  
    Change in fair value of convertible preferred stock warrant 
     5,284,494  
     -  
     -  
     -  
     - 
  
    Change in fair value of SSCPN 
     -  
     -  
     (3,448,845) 
     -  
     - 
  
    Change in fair value of Notes 
     -  
     (6,990,870) 
     -  
     -  
     - 
  
    Change in fair value of derivative financial instrument 
     -  
     -  
     -  
     -  
     3,465,293 
  
    Conversion to Common Stock 
     -  
     (3,953,857) 
     (27,148,313) 
     -  
     - 
  
    Reclassification on conversion of preferred stock warrants and derivative financial instruments of Zoomcar, Inc. to common stock warrants of the Company 
     (6,475,185) 
     -  
     -  
     -  
     (17,839,149)
  
    Change in fair value of unsecured convertible note 
     -  
     -  
     -  
     1,632,996  
     - 
  
    Balance