Zoomcar raises $350K net via convertible bridge notes from two lenders

Zoomcar Holdings, Inc.

Total principal amount $513,760; net proceeds $350,000 after original issue discount and fees.
Notes bear 12% interest, mature March 30, 2026, with scheduled installment repayments.
Upon uncured default, holder can convert at 75% of lowest trading price in prior 15 days (25% discount).
Default amount automatically increases to 150% of unpaid principal plus interest; up to 200% for share delivery failure.
Proceeds will be used for general working capital purposes.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.