Zoomcar to effect 1-for-20 reverse stock split effective March 21, 2025

Zoomcar Holdings, Inc.

Stockholders approved reverse split range (1:2 to 1:20) on Feb 18; Board set 1-for-20 on Mar 9.
Reverse split reduces shares from ~14.2M to ~710k; ratio 1:20, par value unchanged.
Split effective 4:30pm ET March 21; trading on split-adjusted basis begins March 24.
Purpose: to increase per-share price and maintain Nasdaq minimum bid price compliance.
New CUSIP 45784G309; Equiniti acts as exchange agent.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Zoomcar Holdings, Inc.: Amendment to Certificate of Incorporation to effect a 1-for-20 reverse stock split (effective 2025-03-21).

Change: charter amendment
Effective: 2025-03-21

Exact text from the filing

On March 9, 2025, the Board approved a one-for-twenty (1:20) reverse stock split of the Company’s issued and outstanding shares of common stock (the “Reverse Stock Split”). The Company intends to file with the Secretary of State of the State of Delaware a Certificate of Amendment to its Certificate of Incorporation (the “Certificate of Amendment”) on March 21, 2025 to effect the Reverse Stock Split.

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Zoomcar Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-025152

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