Company: ZCARW
Filing Date: 2025-06-18
Form Type: 8-K
Source: 0001213900-25-055667
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Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-18
Form: 8-K
Item: Item 1.01
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Item 1.01. Entry into a Material Definitive Agreement

The Company entered into Securities Purchase Agreements
and related agreements dated December 23, 2024 and January 31, 2025, respectively, with certain accredited investors (the “ Investors”)
in connection with a private placement offering of shares of the Company’s common stock, par value $0.0001 per share (the “Common
Stock”) and certain warrants that are discussed more fully in the Current Reports on Form 8-K filed by the Company on December
26, 2024 and February 6, 2025, respectively (the “Offering”).

On June 6, 2025, the Company issued a settlement
letter (the “ Settlement Letter”) to each of certain of the Investors (the “ Settlement Investors”),
pursuant to which the Settlement Investors agreed to the settlement of liquidated damages arising from Section 2.4 of the Registration
Rights Agreements with the Investors, entered into on December 23, 2024 and January 31, 2025, respectively (“RRAs”),
in connection with the Offering. Under the provisions of the Settlement Letter, the Company agreed to issue an aggregate of 1,950,600
pre-funded warrants with an aggregate value of US$3,023,400 to the Settlement Investors (the “ Settlement Warrants”),
with each Settlement Warrant having an exercise price of $0.0001 per share of Common Stock, in consideration for the full payment of liquidated
damages owed to each Settlement Investor under Section 2.4 of the applicable RRA, and each Settlement Investor’s release of the
Company from any and all claims thereunder including, without limitation any additional liquidated damages. The valuation of the Settlement
Warrants was calculated based on the volume-weighted average price of the Company’s common stock over the five (5) trading days
immediately preceding June 6, 2025.

The Settlement Warrants may be exercised at any
time until they are exercised, in full, at an exercise price of $0.0001 per share of Common Stock, and may also be exercised on a cashless
exercise basis, in lieu of any cash payment, in accordance with the formula provided in the Settlement Warrants. The Settlement Warrants
provide for certain penalties in the event that the shares of Common Stock are not delivered on a timely basis, in connection with any
exercise, and are subject to certain beneficial