Zoomcar Holdings is seeking shareholder approval for several key proposals at an upcoming Special Meeting on February 7, 2025. The company aims to approve the issuance of shares and warrants from recent private placements, potentially diluting existing shareholders by up to 452%.The proposals include approving warrants from a $9.15 million institutional offering and a $30 million Reg D offering, amending the 2023 Equity Incentive Plan to increase available shares by 15%, and approving share issuance to a consultant. Zoomcar requires these approvals to comply with Nasdaq listing rules and fulfill obligations to investors.If approved, the proposals would significantly increase Zoomcar's outstanding shares, potentially diluting current shareholders' voting power and stock value. The company states these measures are necessary to raise capital and compensate employees and directors. Shareholders will vote on these proposals and an adjournment option if needed.

Zoomcar Holdings is seeking shareholder approval for several key proposals at an upcoming Special Meeting on February 7, 2025. The company aims to approve the issuance of shares and warrants from recent private placements, potentially diluting existing shareholders by up to 452%.The proposals include approving warrants from a $9.15 million institutional offering and a $30 million Reg D offering, amending the 2023 Equity Incentive Plan to increase available shares by 15%, and approving share issuance to a consultant. Zoomcar requires these approvals to comply with Nasdaq listing rules and fulfill obligations to investors.If approved, the proposals would significantly increase Zoomcar's outstanding shares, potentially diluting current shareholders' voting power and stock value. The company states these measures are necessary to raise capital and compensate employees and directors. Shareholders will vote on these proposals and an adjournment option if needed.