secwatch.observer — SEC 8-K summary
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Issuer:     Zoomcar Holdings, Inc. (ZCAR)
CIK:        0001854275
Form:       8-K
Filed at:   2025-06-30T23:59:59+00:00
Accession:  0001213900-25-059741
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854275/000121390025059741/0001213900-25-059741-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854275/000121390025059741/ea0247620-8k_zoomcar.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-059741

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer