Zoomcar Holdings entered into a securities purchase agreement on December 23, 2024, raising $5.48M in a private placement. The company issued 3,095,925 common shares and pre-funded warrants for 420,000 shares at $1.56 per unit, along with Series A and B warrants. Net proceeds totaled $4.79M after deducting fees and expenses.The Series A warrants are exercisable for 5 years at $1.95 per share, subject to adjustments. Both Series A and B warrants include reset provisions and anti-dilution protections. The company must obtain stockholder approval within 60 days for certain warrant provisions. Aegis Capital Corp. acted as placement agent, receiving fees and warrants.Zoomcar agreed to file a resale registration statement by January 10, 2025, and granted investors certain registration rights. The company also agreed to restrictions on future financings and variable rate transactions for 18 months post-closing.

Zoomcar Holdings entered into a securities purchase agreement on December 23, 2024, raising $5.48M in a private placement. The company issued 3,095,925 common shares and pre-funded warrants for 420,000 shares at $1.56 per unit, along with Series A and B warrants. Net proceeds totaled $4.79M after deducting fees and expenses.The Series A warrants are exercisable for 5 years at $1.95 per share, subject to adjustments. Both Series A and B warrants include reset provisions and anti-dilution protections. The company must obtain stockholder approval within 60 days for certain warrant provisions. Aegis Capital Corp. acted as placement agent, receiving fees and warrants.Zoomcar agreed to file a resale registration statement by January 10, 2025, and granted investors certain registration rights. The company also agreed to restrictions on future financings and variable rate transactions for 18 months post-closing.