Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 198

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 198
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,400 to the Settlement Investors (the “Settlement Warrants”), with each Settlement
Warrant having an exercise price of $0.0001 per share of Common Stock, in consideration for the full payment of liquidated damages owed
to each Settlement Investor under Section 2.4 of the applicable RRA, and each Settlement Investor’s release of the Company from
any and all claims thereunder including, without limitation any additional liquidated damages. The liquidated Damages were calculated
till such period that the Investor first became eligible to freely resell the underlying securities under Rule 144 of the Securities Act
of 1933. The valuation of the Settlement Warrants was calculated based on the volume-weighted average price of the Company’s common
stock over the five (5) trading days immediately preceding June 6, 2025.

116

The Settlement Warrants may
be exercised at any time until they are exercised, in full, at an exercise price of $0.0001 per share of Common Stock, and may also be
exercised on a cashless exercise basis, in lieu of any cash payment, in accordance with the formula provided in the Settlement Warrants.

Once the restriction under
Rule 144 of Securities Act of 1933 are removed from the above mentioned Settlement Warrants and common stock is issued pursuant to that,
it is most likely that most of the securities will be sold.

In addition, the shares of
Common Stock reserved for future issuance under the Incentive Plan will become eligible for sale in the public market once those shares
are issued, subject to any applicable vesting requirements, lock-up agreements and other restrictions imposed by law. As of November 12,
2025, a total of 486,754 shares of Common Stock have been reserved for future issuance under the Incentive Plan.

On February 11, 2025, the
Company has filed Form S-8 Registration Statement with the U.S. Securities and Exchange Commission (SEC), to register an aggregate of
392,189 shares of Common Stock, which are reserved for issuance under Zoomcar Holdings, Inc. 2023 Equity Incentive Plan. This Registration
Statement is being filed in order to register the Registrant’s Common Stock that may be offered or sold to participants under the
Plan, either directly or upon exercise of options or other share-based awards granted under the Plan.

Thereafter, the company filed
another S-8 for the registration of an additional 5,008,017