Zoomcar launches exchange offer to swap warrants for common stock at 20,000 shares per warrant

Zoomcar Holdings, Inc.

Exchange ratio: 20,000 shares of common stock for each warrant tendered and accepted.
Eligible holders are record holders as of Feb 26, 2026 who are verified accredited investors.
Offer expires March 31, 2026 at 5:00 p.m. ET, unless extended.
Condition: requires stockholder approval to increase authorized shares, sought at upcoming annual meeting.
Shares issued will be restricted; 50% locked for 12 months, remaining 50% for 18 months post-expiration.

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