Zoomcar announced a 1-for-20 reverse stock split effective March 21, 2025, at 4:30 p.m. Eastern Time, with split-adjusted trading beginning March 24. The move will reduce outstanding shares from approximately 14.2 million to 710,431, while maintaining the same par value per share. The company's stock will continue trading on Nasdaq under the symbol "ZCAR" with a new CUSIP number 45784G309.The reverse split, approved by stockholders on February 18 and the Board on March 9, aims to increase the per-share trading price to attract institutional investors and maintain Nasdaq listing compliance. The split will proportionally adjust exercise prices and share numbers for outstanding stock options, warrants, and equity incentive plans. Equiniti Trust Company will serve as the exchange agent, with any fractional shares being rounded up to the nearest whole share.

Zoomcar announced a 1-for-20 reverse stock split effective March 21, 2025, at 4:30 p.m. Eastern Time, with split-adjusted trading beginning March 24. The move will reduce outstanding shares from approximately 14.2 million to 710,431, while maintaining the same par value per share. The company's stock will continue trading on Nasdaq under the symbol "ZCAR" with a new CUSIP number 45784G309.The reverse split, approved by stockholders on February 18 and the Board on March 9, aims to increase the per-share trading price to attract institutional investors and maintain Nasdaq listing compliance. The split will proportionally adjust exercise prices and share numbers for outstanding stock options, warrants, and equity incentive plans. Equiniti Trust Company will serve as the exchange agent, with any fractional shares being rounded up to the nearest whole share.