other_material
confidence high
sentiment neutral
materiality 0.15
Zoomcar closes private placement of 939 warrants for gross proceeds of $939
Zoomcar Holdings, Inc.
- Gross proceeds of approximately $939 from sale of 939 common stock purchase warrants at $1.00 each.
- Each warrant is exercisable for one common share at an initial exercise price of $6,000 per share.
- Warrants include anti-dilution adjustments and beneficial ownership limitation of 4.99% (up to 9.99% at holder election).
- Private placement exempt from registration under Section 4(a)(2) and Rule 506(c) of Regulation D.
- Company's common stock trades on OTCQB under symbol ZCAR.
item 1.01item 3.02item 7.01item 9.01