Zoomcar raises $9.15M in private placement, regains Nasdaq bid price compliance

Zoomcar Holdings, Inc.

Gross proceeds $9.15M from 2,137,850 units at $4.28/unit; net proceeds $7.625M after fees.
Director invested $2.5M; $3.804M used to repay June 2024 debt; retained $3.621M net.
Each unit contains 1 share (or pre-funded warrant), two Series A warrants (exercise $4.03, 5-year) and a Series B warrant with reset.
Regained compliance with Nasdaq minimum bid price rule; closing bid price above $1.00 for 12 consecutive days.
Lock-up agreements for insiders; placement agent Aegis Capital received warrants and fees.

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