secwatch.observer — SEC 8-K summary
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Issuer:     Zoomcar Holdings, Inc. (ZCAR)
CIK:        0001854275
Form:       8-K/A
Filed at:   2025-07-03T23:59:59+00:00
Accession:  0001213900-25-061221
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zoomcar issues $402K in convertible bridge notes to DLL and Boot Capital
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- Issued notes: $290,240 to 1800 Diagonal Lending LLC; $111,760 to Boot Capital LLC; net proceeds $250K and $100K.
- Notes bear 12% interest, mature March 30, 2026, with scheduled installments and prepayment discount.
- Upon default, conversion at 75% of lowest 15-day trading price; default amount increases to 150% (200% for conversion failure).
- Amendment corrects typo: DLL note principal was $290,240, not $402,000 as originally stated.
- Securities sold under Section 4(a)(2) and Rule 506 of Regulation D, no public offering.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854275/000121390025061221/0001213900-25-061221-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854275/000121390025061221/ea0248110-8ka1_zoomcar.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-061221

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