Zoomcar issues $15.6M in stock and warrants to settle claims and legal fees, no cash proceeds

Zoomcar Holdings, Inc.

Third closing of private placement issued 501,318 shares plus Series A and B warrants to settle $15.6 million in obligations.
Aegis Settlement: $7M in securities issued to resolve arbitration claim; included 224,360 shares and warrants.
Law Firm Settlement: $4M in securities issued for outstanding legal fees; included 128,206 shares and warrants.
No cash proceeds received from the Third Closing.

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