At Zoomcar's special meeting on February 18, 2025, shareholders approved six significant proposals with a 54.01% quorum. Key approvals include authorization for a reverse stock split at a ratio between 1:2 and 1:20, to be determined by the Board, and the issuance of Institutional Investors Bridge Warrants and Reg D Investors Bridge Warrants, both potentially exceeding 20% of outstanding common stock.Stockholders also approved an amendment to the 2023 Equity Incentive Plan, allowing a one-time 15% increase in shares reserved for issuance, effective March 31, 2025. Additionally, they authorized the issuance of common stock awards to a consultant and approved potential share issuances to former directors and the Acting CEO under private placement offerings.All proposals received strong support, with the reverse stock split garnering 3,292,349 votes in favor. The approval of these measures provides Zoomcar with enhanced flexibility in its capital structure and equity compensation arrangements.

At Zoomcar's special meeting on February 18, 2025, shareholders approved six significant proposals with a 54.01% quorum. Key approvals include authorization for a reverse stock split at a ratio between 1:2 and 1:20, to be determined by the Board, and the issuance of Institutional Investors Bridge Warrants and Reg D Investors Bridge Warrants, both potentially exceeding 20% of outstanding common stock.Stockholders also approved an amendment to the 2023 Equity Incentive Plan, allowing a one-time 15% increase in shares reserved for issuance, effective March 31, 2025. Additionally, they authorized the issuance of common stock awards to a consultant and approved potential share issuances to former directors and the Acting CEO under private placement offerings.All proposals received strong support, with the reverse stock split garnering 3,292,349 votes in favor. The approval of these measures provides Zoomcar with enhanced flexibility in its capital structure and equity compensation arrangements.