secwatch.observer — SEC 8-K summary
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Issuer:     Zoomcar Holdings, Inc. (ZCAR)
CIK:        0001854275
Form:       8-K
Filed at:   2024-02-02T23:59:59+00:00
Accession:  0001213900-24-009335
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zoomcar grants lock-up release for 4.42M shares; director David Ishag resigns
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- Released 2,375,925 shares (ASJC Global) and 2,041,575 shares (Cohen Sponsor) from lock-up for 120 days.
- Consideration: cash fee of $0.50–$1.50 per share sold less legal fees up to $50,000, paid within 3 days after each 14-day period.
- Director David Ishag resigned January 30, 2024; not related to any disagreement with the company.
- Shares not sold during the 120-day period will have lock-up restrictions re-affixed; no fee due for those unsold shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854275/000121390024009335/0001213900-24-009335-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854275/000121390024009335/ea192584-8k_zoomcar.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-009335

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