8-K
filed May 19, 2026, 5:23 PM ET
ticker ZCAR
CIK 0001854275
other material
confidence high
sentiment negative
materiality 0.85
Zoomcar Holdings, Inc. (ZCAR): debt financing — Zoomcar settles $6M ACM judgment with cash/equity, resolves Reimer litigation with 39M shares, two executives resign
Zoomcar Holdings, Inc.
- ACM Judgment settlement: pay $2.5M cash by Oct 31 2026, residual ~$3.5M satisfied via equity at next financing terms.
- Reimer settlement: issue 39M shares subject to Section 3(a)(10) fairness hearing June 1; $2.5M confession of judgment backstop.
- Director Mohan Ananda resigned May 10; Chief Legal Officer Shachi Singh resigned Apr 28; neither due to disagreements.
- CFI standstill: pay $72,500 fee, prepay $223,842.74 note by Sep 30; Labrys standstill: forbear conversion through Sep 30.
- Aegis termination: issue $2M in units to Aegis upon uplisting or by Dec 31 2026.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Zoomcar Holdings, Inc. incurred debt of $2,500,000.
- Principal
- $2,500,000
- Event
- incurrence
Exact text from the filing
the Company executed a Confession of Judgment pursuant to CPLR § 3218 in the principal amount of $2,500,000 (the “Reimer Confession of Judgment”)
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Zoomcar Holdings, Inc. incurred debt of $2,500,000 with ACM Zoomcar Convert LLC maturing October 31, 2026.
- Principal
- $2,500,000
- Counterparty
- ACM Zoomcar Convert LLC
- Maturity
- October 31, 2026
- Event
- incurrence
Exact text from the filing
Company”) entered into a letter agreement (the “ACM Letter Agreement”) with ACM Zoomcar Convert LLC (“ACM”), with respect to the previously disclosed judgment entered against the Company in favor of ACM in the principal
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Shachi Singh resigned as Chief Legal Officer & General Counsel at Zoomcar Holdings, Inc..
- Action
- resigned
- Role
- Chief Legal Officer & General Counsel
Exact text from the filing
On April 28, 2026, Shachi Singh notified the Company of her resignation as Chief Legal Officer & General Counsel of the Company, effective as of April 28, 2026.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mohan Ananda resigned as Director at Zoomcar Holdings, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On May 10, 2026, Mohan Ananda notified the Company of his resignation from the Board of Directors of the Company, effective as of May 10, 2026.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Zoomcar Holdings, Inc. entered into Labrys Standstill Agreement with Labrys Fund II, L.P. valued at Promissory note original principal amount $180,000; forbearance on conversion prior to September 30, (effective 2026-05-15).
- Action
- entry
- Agreement
- settlement
- Counterparty
- Labrys Fund II, L.P.
- Value
- Promissory note original principal amount $180,000; forbearance on conversion prior to September 30,
- Effective
- 2026-05-15
Exact text from the filing
On May 15, 2026, the Company entered into a standstill agreement with Labrys Fund II, L.P. (“Labrys”) in respect of the promissory note in the original principal amount of $180,000 previously issued by the Company to Labrys on August 19, 2025 (the “Labrys Note”), pursuant to which Labrys has agreed to forbear from exercising any right to convert the Labrys Note into shares of the Company’s common stock at a market-based conversion price following an event of default prior to September 30, 2026.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Zoomcar Holdings, Inc. entered into Reimer Settlement Agreement with Reimer Family Partnership, L.P., Michael Schiavello, Vasilios Takos valued at Issuance of 39,000,000 shares of common stock capped at $2,000,000 aggregate consideration plus $2,5 (effective 2026-05-01).
- Action
- entry
- Agreement
- settlement
- Counterparty
- Reimer Family Partnership, L.P., Michael Schiavello, Vasilios Takos
- Value
- Issuance of 39,000,000 shares of common stock capped at $2,000,000 aggregate consideration plus $2,5
- Effective
- 2026-05-01
Exact text from the filing
On May 1, 2026, the Company entered into a Confidential Settlement Agreement and General Release (the “Reimer Settlement Agreement”) with Reimer Family Partnership, L.P., Michael Schiavello, and Vasilios Takos (collectively, the “Reimer Plaintiffs”) in resolution of the previously disclosed action captioned Reimer Family Partnership, L.P., et al. v. Zoomcar Holdings, Inc., Index No. 651695/2026, in the Supreme Court of the State of New York, County of New York (the “Reimer Action”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Zoomcar Holdings, Inc. entered into ACM Letter Agreement with ACM Zoomcar Convert LLC valued at Judgment principal amount $6,000,000; cash payment $2,500,000; residual balance $3,500,000 to be sat (effective 2026-05-06).
- Action
- entry
- Agreement
- settlement
- Counterparty
- ACM Zoomcar Convert LLC
- Value
- Judgment principal amount $6,000,000; cash payment $2,500,000; residual balance $3,500,000 to be sat
- Effective
- 2026-05-06
Exact text from the filing
On May 6, 2026, Zoomcar Holdings, Inc. (the “Company”) entered into a letter agreement (the “ACM Letter Agreement”) with ACM Zoomcar Convert LLC (“ACM”), with respect to the previously disclosed judgment entered against the Company in favor of ACM in the principal amount of approximately $6,000,000 (together with interest and other amounts, the “ACM Judgment”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Zoomcar Holdings, Inc. entered into CFI Standstill Agreement with CFI Capital LLC valued at Convertible redeemable promissory note original principal amount $150,000; standstill on conversion (effective 2026-05-14).
- Action
- entry
- Agreement
- settlement
- Counterparty
- CFI Capital LLC
- Value
- Convertible redeemable promissory note original principal amount $150,000; standstill on conversion
- Effective
- 2026-05-14
Exact text from the filing
On May 14, 2026, the Company entered into a standstill agreement with CFI Capital LLC (“CFI”) in respect of the convertible redeemable promissory note in the original principal amount of $150,000 previously issued by the Company to CFI on August 24, 2025 (the “CFI Note”), pursuant to which CFI has agreed not to exercise its right to convert the CFI Note into shares of the Company’s common stock at a market-based conversion price prior to September 30, 2026.
View on SEC.gov
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