Zoomcar shareholders approve reverse stock split, warrant issuances, and equity plan amendment

Zoomcar Holdings, Inc.

Reverse stock split approved at ratio between 1:2 and 1:20, effective at board's discretion.
Institutional Investors Bridge Warrants issuance approved for November 2024 private placement.
Reg D Bridge Warrants offering of up to $30M approved; offering period expires March 31, 2025.
2023 Equity Incentive Plan amended to increase reserve by 15% of outstanding shares as of March 31, 2025.
Issuance of common stock to consultant under October 2024 consulting agreement approved.

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