Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 27

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 27
---
 Company’s
and Placement Agent’s counsel, the net proceeds to the Company was $7.625 million. Proceeds were also used to repay $3.804 million
of outstanding indebtedness to debt investors pursuant to an offering in June 2024. Further, $200,000 of the proceeds were held back in
a separate escrow account for the payment of any indemnification liabilities suffered by the Placement Agent. All shares of Common Stock,
shares of Common Stock (other than the shares of Common Stock issued to the November Selling Holders included in this prospectus), issuable
upon exercise of pre-funded warrants issued in the November Offering and shares of Common Stock issuable upon the maximum number of shares
of Common Stock issuable upon exercise of the November Series B Warrants (other than the shares of Common Stock issuable upon exercise
of the November Series B Warrants to the November Selling Holders included in this prospectus) were registered for resale in the Company’s
Registration Statement on Form S-1 filed by the Company with the SEC on December 2, 2024, and declared effective on December 13, 2024
(the “Initial November Offering Resale Registration Statement”). For more information on the terms of the November Offering,
see “Private Placements.”

<div align='center'>6</div>

On
December 23, 2024, the Company entered into the December Securities Purchase Agreement, in connection with the December Offering and on
December 24, 2024, the December Offering was closed, pursuant to which the Company sold to the December Selling Holders, an aggregate
of (i) 3,095,925 shares of Common Stock, (ii) Pre-Funded Warrants exercisable for an aggregate of 420,000 shares of Common Stock, (iii)
December Series A Warrants to purchase up to a maximum of 54,252,769 shares of Common Stock and December Series B Warrants to purchase
up to a maximum of 14,063,700 shares of Common Stock for an aggregate investment amount of $5.485 million. The December Selling Holders
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 December Selling Holders to beneficially own more than 4.99% or 9.99%
of the shares of Common Stock outstanding, at the option of each December Selling