Company: ZCARW
Filing Date: 2025-01-10
Form Type: PRER14A
Source: 0001213900-25-002658
Chunk: 40

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-01-10
Form: PRER14A
Chunk 40
---
 of shares held
by each individual holder of Common Stock would be reduced if the Reverse Split is implemented. This will increase the number of stockholders
who hold less than a “round lot,” or 100 shares. Typically, the transaction costs to stockholders selling “odd
lots” are higher on a per share basis. Consequently, the Reverse Split could increase the transaction costs to existing holders
of Common Stock in the event they wish to sell all or a portion of their position.

Although our Board believes
that the decrease in the number of shares of our Common Stock outstanding as a consequence of the Reverse Split and the anticipated increase
in the market price of our Common Stock could encourage interest in our Common Stock and possibly promote greater liquidity for our stockholders,
such liquidity could also be adversely affected by the reduced number of shares outstanding after the Reverse Split.

Effecting the Reverse Split

Upon receipt of stockholder
approval for the Reverse Split Proposal, if our Board concludes that it is in the best interests of our Company and our stockholders
to effect the Reverse Split, the Reverse Split Amendment will be filed with the Secretary of State of Delaware. The actual timing of
the filing of the Reverse Split Amendment with the Secretary of State of Delaware to effect the Reverse Split will be determined by our
Board. In addition, if for any reason our Board deems it advisable to do so, the Reverse Split may be abandoned at any time prior to
the filing of the Reverse Split Amendment, without further action by our stockholders. The Reverse Split will be effective as of the
date of filing with the Secretary of State of the State of Delaware (the “Effective Time”).

Upon the filing of the
Reverse Split Amendment, without further action on our part or our stockholders, the outstanding shares of Common Stock held by stockholders
of record as of the Effective Time would be converted into a lesser number of shares of Common Stock based on a Reverse Split ratio as
determined by the Board. For example, if you presently hold 1,000 shares of our Common Stock, you would hold 200 shares of
our Common Stock following the Reverse Split if the ratio is one-for-five or you would hold 100 shares of our Common Stock if the
ratio is one-for-ten.

Effect on Outstanding Shares, Options and Certain Other Securities

If the Reverse Split is
implemented, the percentage of our Common Stock owned by each stockholder will remain unchanged except for any de minimus change resulting
from rounding up to the nearest number