{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-122278","form_type":"8-K","ticker":"ZCAR","cik":"0001854275","company_name":"Zoomcar Holdings, Inc.","filed_at":"2025-12-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.827026+00:00","generated_at":"2026-05-16T13:05:38.183223+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Zoomcar issues $220K convertible note to FirstFire with 25% conversion discount, 12% interest","bullets":["Issued $220K convertible promissory note to FirstFire; net proceeds ~$200K after $20K original issue discount.","Note matures in 12 months, 12% interest, scheduled repayments, prepayable at a discount.","On uncured default after 180 days, conversion at 75% of lowest 15-day VWAP (25% discount).","Issued pre-funded warrants for 1M shares as additional consideration and to settle prior claims.","Piggyback registration rights for 12 months; default penalty increases principal by 50%."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-122278","json":"https://secwatch.observer/filing/0001213900-25-122278.json","markdown":"https://secwatch.observer/filing/0001213900-25-122278.md","text":"https://secwatch.observer/filing/0001213900-25-122278.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1854275/000121390025122278/0001213900-25-122278-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1854275/000121390025122278/ea0269955-8k_zoomcar.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:05:38.183223+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"85ec6f96a1164878dee13f99f5740307d6b623f9","claim":"Zoomcar Holdings, Inc. incurred convertible notes of $220,000.00 with FirstFire Global Opportunities Fund, LLC at 12% per annum maturing 12 months after issuance.","evidence_excerpt":"On December 10, 2025, Zoomcar Holdings, Inc. (the “Company”) closed a Securities Purchase Agreement (the “Purchase Agreement”) with FirstFire Global Opportunities Fund, LLC (“FirstFire”), in connection with a private placement offering of a convertible promissory note in the original principal amount of $220,000.00 (the “Note”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1854275/000121390025122278/0001213900-25-122278-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$220,000.00"},{"label":"Counterparty","value":"FirstFire Global Opportunities Fund, LLC"},{"label":"Rate","value":"12% per annum"},{"label":"Maturity","value":"12 months after issuance"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"82df4d3d385ebb645996b263e82436ecaf49a830","claim":"Zoomcar Holdings, Inc. issued convertible note to FirstFire Global Opportunities Fund, LLC for original principal amount of $220,000.00.","evidence_excerpt":"On December 10, 2025, Zoomcar Holdings, Inc. (the \"Company\") closed a Securities Purchase Agreement (the \"Purchase Agreement\") with FirstFire Global Opportunities Fund, LLC (\"FirstFire\"), in connection with a private placement offering of a convertible promissory note in the original principal amount of $220,000.00 (the \"Note\")","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1854275/000121390025122278/0001213900-25-122278-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"convertible note"},{"label":"Purchaser","value":"FirstFire Global Opportunities Fund, LLC"},{"label":"Consideration","value":"original principal amount of $220,000.00"}],"fact_type":"equity_issuance"},{"claim_id":"ccc0adc4fb1cf88951631ff194d57f9b395cd126","claim":"Zoomcar Holdings, Inc. issued 1,000,000 shares of the Company's common stock of warrant to FirstFire Global Opportunities Fund, LLC for as additional consideration.","evidence_excerpt":"pre-funded warrants to purchase 1,000,000 shares of the Company's common stock (the \"Pre-Funded Warrants\") as additional consideration","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1854275/000121390025122278/0001213900-25-122278-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"warrant"},{"label":"Shares","value":"1,000,000 shares of the Company's common stock"},{"label":"Purchaser","value":"FirstFire Global Opportunities Fund, LLC"},{"label":"Consideration","value":"as additional consideration"}],"fact_type":"equity_issuance"},{"claim_id":"e25091c861d019730c4820fc1eb33129c37736ad","claim":"Zoomcar Holdings, Inc. entered into Securities Purchase Agreement with FirstFire Global Opportunities Fund, LLC valued at $220,000.00 (effective 2025-12-10).","evidence_excerpt":"On December 10, 2025, Zoomcar Holdings, Inc. (the \"Company\") closed a Securities Purchase Agreement (the \"Purchase Agreement\") with FirstFire Global Opportunities Fund, LLC (\"FirstFire\"), in connection with a private placement offering of a convertible promissory note in the original principal amount of $220,000.00","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1854275/000121390025122278/0001213900-25-122278-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"FirstFire Global Opportunities Fund, LLC"},{"label":"Value","value":"$220,000.00"},{"label":"Effective","value":"2025-12-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}