Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 288

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 288
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     | $ |   1,749,891 |   |
| Accumulated other comprehensive                            
 income                                                     |       | $ | 2,154,326 |   |     | $ |   1,795,992 |   |

F-34 ZOOMCAR HOLDINGS, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

| 21 | Capital Stock |

On November 7, 2024, the Company sold (i) 1,302,850Common Units, each consisting of oneshare 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) 835,000Pre-Funded Units, each consisting of onePre-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 of compensation for services rendered in connection with the November 
 2024 offering. These warrants are each exercisable at an exercise price of $4.03                                                         
 per share and are classified as equity instruments.                                                                                      |

The common units and pre-funded units are issued at a price of $ 4.2800and $ 4.2799, respectively. Pre-funded warrants can be exercised at any time. The exercise price for the pre-funded warrants is $ 0.0001, which is to be paid by the warrant holder at the time of exercise of these warrants. As of December 31, 2024, 410,000Prefunded warrants have been exercised and are converted into common stock.

On December 24, 2024, the Company sold (i) 3,095,925Common