Zoomcar closes $1.44M second offering tranche; settles litigation with equity; CEO title updated

Zoomcar Holdings, Inc.

Second closing of private placement raised approx. $1.44M gross; net proceeds ~$1.25M.
Issued 1,049,796 shares, pre-funded warrants for 872,000 shares, plus Series A/B warrants.
Settled litigation with Randall Yanker by issuing 1M shares, 2.5M Series A warrants, Series B warrants.
CEO Hiroshi Nishijima's designation changed from 'Active CEO' to 'CEO' effective Feb 1, 2025.
CFO Sachin Gupta annual salary increased to $189,000.

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