Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 29

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 29
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 Offering for gross proceeds of $5,484,843 (including $50,000 of which was provided by the Company’s Chief Executive Officer and $300,000 of which was provided by a consultant to the Company) (before deduction of fees to the placement agent and other offering expenses payable by the Company). Pursuant to the December Offering, the Company issued an aggregate of (i) 3,095,925 shares of Common Stock (ii) Pre-Funded Warrants issued to certain of the investors, at their option, exercisable for an aggregate of up to 420,000 shares of Common Stock. Also issued along with the shares of Common Stock and/or the Pre-Funded Warrants were (x) Series A Warrants to initially purchase up to an aggregate of 8,680,443 shares of Common Stock, subject to certain adjustments and (y) Series B Warrants to initially purchase no shares of Common Stock, subject to certain adjustments as provided in the Series B Warrants.At closing of the December Offering, the Company received $4,786,963 of cash and cash equivalents after giving effect to offering fees and expenses. Further, on February 4, 2025, the Company held the January/February Offering for gross proceeds of approximately $1.44 million (provided that the Company did not receive any cash proceeds with respect to securities with a subscription price of $1,560,000, as those securities were issued in consideration for the settlement of litigation with a claimant) (before deduction of fees to the placement agent and other offering expenses payable by the Company). Pursuant to the January/February Offering, the Company issued an aggregate of (i) 1,049,796 shares of Common Stock (ii) Pre-Funded Warrants issued to certain of the investors, at their option, exercisable for an aggregate of up to 872,000 shares of Common Stock. Also issued along with the shares of Common Stock and/or the Pre-Funded Warrants were (x) Series A Warrants to initially purchase up to an aggregate of 4,804,491 shares of Common Stock, subject to certain adjustments and (y) Series B Warrants to initially purchase no shares of Common Stock, subject tocertain adjustments as provided in the Series B Warrants. At closing of the December Offering, the Company received approximately $1.25 million of cash and cash equivalents after giving effect to offering fees and expenses. 15 The Company believes that current cash and cash equivalents will allow the Company to continue operations