secwatch.observer — SEC 8-K summary
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Issuer:     Zoomcar Holdings, Inc. (ZCAR)
CIK:        0001854275
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0001213900-24-095607
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854275/000121390024095607/0001213900-24-095607-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854275/000121390024095607/ea0220425-8k_zoomcar.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-095607

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer