Extracted from this filing and checked against the source text.
Listing & Compliance Notices
SEC 8-K Item 3.01
confidence 0.95
Zoomcar Holdings, Inc. received a nasdaq noncompliance notice notice regarding minimum bid price (rules 5450(a)(1)).
- Exchange
- nasdaq
- Notice
- noncompliance notice
- Deficiency
- minimum bid price
- Rules
- 5450(a)(1)
Exact text from the filing
May 6, 2024, the Company received a notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq ”), notifying the Company that, because the closing bid price for the Common Stock has fallen below $1.00 per share for 33 consecutive business days, the Company no longer complies with the minimum bid price requirement for continued listing on the Nasdaq Global Market under Rule 5450(a)(1) of Nasdaq Listing Rules. Nasdaq’s notice has no immediate effect on the listing of the Company’s Common Stock on the Nasdaq Global Market. Pursuant to Nasdaq Marketplace Rule 5810(
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Zoomcar Holdings, Inc. entered into White Lion Registration Rights Agreement with White Lion Capital LLC valued at Agreement to file a resale registration statement covering the resale by White Lion of shares (effective 2024-05-06).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- White Lion Capital LLC
- Value
- Agreement to file a resale registration statement covering the resale by White Lion of shares
- Effective
- 2024-05-06
Exact text from the filing
Concurrently with the Common Stock Purchase Agreement, the Company entered into the White Lion RRA with White Lion, in which the Company agreed to file, within 10 days following the filing of the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, a resale registration statement with the SEC covering the resale by White Lion of the maximum number of shares permitted to be included thereon in accordance with applicable SEC rules, regulations and interpretations.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Zoomcar Holdings, Inc. entered into Common Stock Purchase Agreement with White Lion Capital LLC valued at Up to $25,000,000 in aggregate gross purchase price of newly issued shares of Common Stock, and an a (effective 2024-05-06).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- White Lion Capital LLC
- Value
- Up to $25,000,000 in aggregate gross purchase price of newly issued shares of Common Stock, and an a
- Effective
- 2024-05-06
Exact text from the filing
On May 6, 2024, by Zoomcar Holdings, Inc. (the “ Company ”) entered into a common stock purchase agreement (the “ Common Stock Purchase Agreement ”) and a related registration rights agreement (the “ White Lion RRA ”) with White Lion Capital LLC (“ White Lion ”).
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