Zoomcar Holdings announces 1-for-100 reverse stock split effective Oct 21

Zoomcar Holdings, Inc.

Reverse split approved by shareholders and board; ratio set at 1:100.
Effective 4:30 p.m. ET Oct 21, 2024; split-adjusted trading begins Oct 22.
Common stock continues on Nasdaq under symbol ZCAR; new CUSIP 45784G200.
Aim to raise per-share price to attract investors and maintain Nasdaq minimum bid.
Proportionate adjustments to options, warrants, and equity plan reserves.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Zoomcar Holdings, Inc.: Amendment to certificate of incorporation to effect a 1-for-100 reverse stock split (effective 2024-10-21).

Change: charter amendment
Effective: 2024-10-21

Exact text from the filing

The Company intends to file with the Secretary of State of the State of Delaware a Certificate of Amendment to its Certificate of Incorporation (the “Certificate of Amendment”) on October 21, 2024 to effect the Reverse Stock Split.

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Zoomcar Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-088548

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