Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 359

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 359
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 value of shares of Common Stock on a daily basis during the 20 trading days preceding the applicable Conversion Date, or a greater amount upon obtaining the Company’s prior written consent.

“Amortization Conversion Price” means the lower of (i) the Conversion Price, and (ii) a 7.5% discount to the lowest VWAP over the 20 trading days immediately preceding the applicable payment date or other date of determination, subject to the terms of the Note. The “Conversion Price” of the Atalaya Note, immediately after the Original Note Issuance Date is $ 1,000($ 10prior to Reverse Stock Split), provided, however, that Conversion Price is subject to adjustment under various circumstances, including in the event of a future issuance of Common Stock at a price that is lower than the then Conversion Price, and other circumstances, subject in all cases to a conversion floor price of $ 25($ 0.25prior to Reverse Stock Split) (the “Conversion Floor”), provided, that if the Conversion Price or the Amortization Conversion Price is lower than the Conversion Floor, the amount due to the holder of the Note upon an applicable Conversion Date shall be made in cash, in lieu of shares, unless otherwise agreed by the Note Purchaser and the Company.

Additionally, 1,640( 164,000prior to Reverse Stock Split) registered and unrestricted shares of Common Stock were issued and delivered to Midtown Madison Management LLC, the service provider of the Atalaya Note Purchaser. This was accounted at the fair value of the shares issued amounting to $ 492,000in the Consolidated Statement of Operations.

(This space has been left intentionally blank) F-91 ZOOMCAR HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

| 21 | Other current liabilities |

The components of other current liabilities were as follows:

(In USD)

|                                   | As at |   |     March 
       31, 
      2024 |     |   |     March 
       31, 
      2023 |
|:----------------------------------|:------|:--|----------:|:----|:--|----------:|
| Payable to renters                |       | $ |   576,052 |     | $ |   647,283 |
| Statutory dues payable            |       |   | 1,550,688 |     |   | 1,583,639 |
| Capital creditors                 |       |   |