Zoomcar Holdings announced on March 18, 2025, that its Board has fixed the Reset Price of all Series B Warrants issued in their recent private placement offering to the Floor Price of $0.312 ($6.24 post-reverse split). The Series B Warrants will be immediately exercisable up to the Maximum Eligibility Amount, subject to beneficial ownership limitations.The company previously completed two closings of its private placement offering, raising approximately $5.48 million in the First Closing on December 25, 2024, and $1.44 million in the Second Closing on February 4, 2025. The total offering aimed to raise between $4 million and $30 million through common stock and warrants.The Board has also authorized management to settle certain outstanding claims against the company using units from the offering. A reverse stock split will become effective on March 21, 2025, adjusting the warrant price accordingly.

Zoomcar Holdings announced on March 18, 2025, that its Board has fixed the Reset Price of all Series B Warrants issued in their recent private placement offering to the Floor Price of $0.312 ($6.24 post-reverse split). The Series B Warrants will be immediately exercisable up to the Maximum Eligibility Amount, subject to beneficial ownership limitations.The company previously completed two closings of its private placement offering, raising approximately $5.48 million in the First Closing on December 25, 2024, and $1.44 million in the Second Closing on February 4, 2025. The total offering aimed to raise between $4 million and $30 million through common stock and warrants.The Board has also authorized management to settle certain outstanding claims against the company using units from the offering. A reverse stock split will become effective on March 21, 2025, adjusting the warrant price accordingly.