Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 342

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 3
Chunk 342
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 of securities in the offerings closed by
the Company in June 2024, November 2024, December 2024 and February 2025. The demand is for 7% of the aggregate gross proceeds received
by the Company in each of those offerings from investors on a “tail list” provided by the Prior Placement Agent and warrants
to purchase up to 7% of the aggregate number of shares of common stock issued in each of the offerings to investors on the “tail
list,” which warrants are to have the same terms and warrants offered to investors in each of the offerings, with an exercise price
equal to 125% of the applicable offering price.

With respect to the offering
closed in June 2024, the claim is made with respect to one investor claimed to be on the “tail list,” for a cash fee of 7%
of the aggregate gross proceeds received from such investor and 7% warrant coverage, with respect to that investor, but no specific amount
is claimed. With respect to the offering closed in November 2024, there is a claim for a cash fee of $77,000 and warrants to purchase
an aggregate of 17,900 shares of common stock at an exercise price of $107 per share, for the same investor.” With respect to the
offering closed in December 2024, there is a claim for a cash fee of 7% of the aggregate gross proceeds received from the same investor
and 7% warrant coverage, with respect to that investor, but no specific amount is claimed. A similar claim was also made to the extent
that such investor participated in the offering closed in February 2025.

The Company has taken necessary
financial provisions of $202,999 as recorded in the “Other expense/(income), net” in the Unaudited Condensed Consolidated
Financial Statements for the three months ending on June 30, 2025.

Other Matters

Zoomcar utilizes a set of
Terms and Conditions (“T&Cs”) tailored specifically for each of the jurisdictions in which we operate which includes privacy
policy, platform use policy, terms and conditions for Host and Guest. These T&Cs are in the form of a clickwrap agreement which lays
down the duties, risks, and the liabilities of Zoomcar, Hosts and the Guests in relation to use of services rendered by Zoomcar through
its Platform. These T&Cs inter alia cover the eligibility criteria for listing/leasing of vehicles, facilitation of booking,