Zoomcar Holdings, Inc. (ZCAR): Nasdaq/NYSE listing notice — Nasdaq grants Zoomcar continued listing conditional on transfer to Capital Market and $2.5M equity by March 31

Zoomcar Holdings, Inc.

Panel Decision Letter dated Feb 10, 2025 grants continued listing subject to transfer to Nasdaq Capital Market and meeting $2.5M stockholders' equity by March 31, 2025.
Company must apply for transfer to Nasdaq Capital Market on or before February 19, 2025.
Prior delisting notices for failure to maintain market value of listed securities (MVLS) and publicly held shares (MVPHS).
If conditions are not satisfied, delisting and trading suspension may occur.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Zoomcar Holdings, Inc. received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(C)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(2)(C)

Exact text from the filing

January 23, 2025, the Company received a further notice from the Staff, notifying the Company that its failure to maintain compliance with the market value of publicly held shares requirement for continued listing on The

View on SEC.gov

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Zoomcar Holdings, Inc. received a nasdaq extension granted notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: extension granted
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

February 10, 2025, the Company received a letter from the Panel (the “ Panel Decision Letter ”) stating that, based on the information presented, the Panel has determined to grant the Company’s request for continued list

View on SEC.gov

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Zoomcar Holdings, Inc. received a nasdaq extension granted notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: extension granted
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

February 10, 2025, the Company received a letter from the Panel (the “ Panel Decision Letter ”) stating that, based on the information presented, the Panel has determined to grant the Company’s request for continued listing on Nasdaq, subject to the Company satisfying certain conditions, including transferring its listing to The Nasdaq Capital Market and demonstrating compliance with Nasdaq Listing Rule 5550(b)(1), which requires a stockholders' equity of at least $2.5 million for continued listing on The Nasdaq Capital Market (the “ Equity Rule ”), on or before March 31, 2025. The Company is

View on SEC.gov

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Zoomcar Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-013559

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