Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 98

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 98
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 exercise of the Pre-Funded Warrants, as the case may be, the holder will be entitled to exercise the rights of a stockholder only as to matters for which the record date occurs after. The filing of the Registration Statement for this offering breaches the terms and conditions of the registration rights agreements we have entered into with the investors in the November Offering, the December Offering, the January/February Offering and the March Offering. Additionally, the investors in the November Offering, the December Offering, the January/February Offering and the March Offering have a claim for breach of contract and for liquidated damages pursuant to the terms of the registration rights agreement for failures related to the filing and effectiveness of their resale registration statement. Other than certain exceptions, which does not include this offering, we have agreed with the investors in the November Offering, the December Offering, the January/February Offering and the March Offering that we are not permitted to file a registration statement to register any of our securities until all of the Registrable Securities in such offerings have been registered for resale. While there is an effective registration statement for the resale of the shares and shares underlying the November Series B Warrants issued to the investors in the November Offering, there is not an effective registration statement for the resale of any of the other Registrable Securities issued in the November Offering, the December Offering, the January/February Offering and the March Offering. Accordingly, the filing of this registration statement constitutes a breach of contract under the registration rights agreements for each of the November Offering, the December Offering, the January/February Offering and the March Offering. 51 In addition to a claim for breach of contract associated with the filing of this Registration Statement, the investors in the November Offering, the December Offering, the January/February Offering and the March Offering may also have a claim for breach of contract related to our failure to timely file a resale registration statement for their Registrable Securities and to timely have such resale registration statement declared effective. Further, in addition to any remedies that the investors in the November Offering, the December Offering, the January/February Offering and the March Offering may have related to such a breach of contract claim, such investors are also entitled to liquidated damages in connection with such failures. Such liquidated damages are due and payable at a rate of 2 % per monthof the subscription amount for each investor (total subscription amount $8.48 millions) and are payable on an “Event Date” as defined in the registration rights agreements (which Event Date includes the date on which the company fails to timely