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.

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Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Shachi Singh

Chief Legal Officer & General Counsel

ZCAR · Zoomcar Holdings, Inc.

Effective: 2026-04-28
Filed: May 19, 2026 21:23 UTC

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.

Departed

Mohan Ananda

Director

ZCAR · Zoomcar Holdings, Inc.

Effective: 2026-05-10
Filed: May 19, 2026 21:23 UTC

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.

Source: SEC EDGAR

accession 0001213900-26-059140

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