Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 272

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 8
Chunk 272
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 of period 
    $46,101  
    $115,818 
  
    Recognized during the period, net of taxes amounts to $NIL 
     (54,353) 
     (48,593)
  
    Reclassification to net income: Amortization losses/(gains) 
     (5,008) 
     (21,124)
  
    Balance, end of period 
    $(13,260) 
    $46,101 

    Foreign currency translation adjustment 

    Balance, beginning of period 
    $1,749,891  
    $15,594,868 
  
    Translation adjustments gain recognized during the period, net of taxes amounts to $NIL 
     417,695  
     (13,844,977)
  
    Balance, end of period 
    $2,167,586  
    $1,749,891 
  
    Accumulated other comprehensive income  
    $2,154,326  
    $1,795,992 

33

ZOOMCAR HOLDINGS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

21Capital Stock

On November 7, 2024, the Company sold
(i) 1,302,850 Common Units, each consisting of one share of common stock, two Series A Warrants (“Series A Warrants - November 2024
Offering”) and maximum number of Series B Warrants (“Series B Warrants - November 2024 Offering”) as mentioned in the agreement,
and (ii) 835,000 Pre-Funded Units, each consisting of one Pre-Funded Warrant (“Pre Funded Warrants - November 2024 Offering”),
two Series A Warrants, and maximum number of Series B Warrants as mentioned in the agreement, through the placement agent (collectively
referred to “November 2024 Offering”). Along with a cash fee, the Company has issued to the placement agent, warrants to purchase
10% of the shares of Common Stock and shares of Common Stock underlying the Pre-funded Warrants (“Common Stock Warrants”)*;
Series A Warrants equal to 10% of the Series A Warrants sold at closing and Series B Warrants equal to 10% of the Series B Warrants issued
at or following the Reset Date.

*213,785 Common Stock Warrants were issued to the placement
agent as a part