Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 26

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 26
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 Warrants to purchase up to a maximum of 6,706,192 shares of Common Stock and March Series B Warrants to purchase up to a maximum of 2,005,073 shares of Common Stock for an aggregate investment of $15,639,099; provided, however, that the Company did not receive any cash proceeds with respect to the sale of securities, as those securities were issued in satisfaction of certain most favored nations rights provided to prior investors and to settle certain outstanding claims. The March Investors were provided with the option to have all or a portion of the shares of Common Stock issued pursuant to Pre-Funded Warrants to the extent that the issuance of shares of Common Stock would cause any of the March Investors to beneficially own more than 4.99% or 9.99% of the shares of Common Stock outstanding, at the option of each March Investor. Certain Matters Approved by our Stockholders On February 18, 2025, we held a Special Meeting of Stockholders at which the following proposals were approved by our stockholders: Approval of Nasdaq 20% Rule for November Offering The stockholders approved the issuance of 20% or more of our outstanding shares of Common Stock, in connection with the November Offering, as required under Nasdaq Rule 5635(d) and upon obtaining such stockholder approval, the November Series A Warrants and the November Series B Warrants all became exercisable. Approval of Nasdaq 20% Rule for December Offering, January/February Offering and March Offering The stockholders approved the issuance of 20% or more of our outstanding shares of Common Stock, in connection with a private placement offering, which terminates on March 31, 2021, and includes the December Offering, the January/February Offering and the March Offering, as required under Nasdaq Rule 5635(d) and upon obtaining such stockholder approval, the December Series A Warrants, December Series B Warrants, the January/February Series A Warrants, and January/February Series B Warrants all became exercisable. The March Series A Warrants and March Series B Warrants were all exercisable upon issuance. 7 Increase in Shares of Common Stock Available for Issuance under the Zoomcar Holdings, Inc. 2023 Equity Incentive Plan (the “2023 Plan”) The stockholders approved a one-time increase in the number of shares of Common Stock available for issuance under the Incentive Plan, effective as of March 31, 2025, and equal to