Zoomcar has received approval from the Nasdaq Hearing Panel for continued listing, subject to specific conditions. The company must transfer its listing to The Nasdaq Capital Market and demonstrate compliance with the minimum stockholders' equity requirement of $2.5 million by March 31, 2025.This development follows multiple listing compliance issues, including the company's failure to maintain required market value of listed securities and publicly held shares on the Nasdaq Global Market. Zoomcar is required to submit its transfer application to the Nasdaq Capital Market by February 19, 2025.The company is actively working to meet these conditions, though success is not guaranteed. This transition comes after receiving a staff delist determination letter in November 2024 and subsequent compliance discussions with Nasdaq authorities in January 2025.

Zoomcar has received approval from the Nasdaq Hearing Panel for continued listing, subject to specific conditions. The company must transfer its listing to The Nasdaq Capital Market and demonstrate compliance with the minimum stockholders' equity requirement of $2.5 million by March 31, 2025.This development follows multiple listing compliance issues, including the company's failure to maintain required market value of listed securities and publicly held shares on the Nasdaq Global Market. Zoomcar is required to submit its transfer application to the Nasdaq Capital Market by February 19, 2025.The company is actively working to meet these conditions, though success is not guaranteed. This transition comes after receiving a staff delist determination letter in November 2024 and subsequent compliance discussions with Nasdaq authorities in January 2025.