other material
confidence high
sentiment negative
materiality 0.70
Zoomcar Board resets Series B warrant exercise price to $0.312 floor; authorizes claim settlements with offering units
Zoomcar Holdings, Inc.
- Board fixed Reset Price of all Series B Warrants to Floor Price of $0.312 per share ($6.24 post-reverse split effective March 21).
- Series B Warrants become immediately exercisable up to Maximum Eligibility Amount at the new Reset Price.
- Board authorized management to settle outstanding claims using units in the existing private placement offering.
- Previous closings raised ~$5.48M (Dec 25, 2024) and ~$1.44M (Feb 4, 2025) under the Offering.