{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-059140","form_type":"8-K","ticker":"ZCAR","cik":"0001854275","company_name":"Zoomcar Holdings, Inc.","filed_at":"2026-05-19T21:23:55+00:00","discovered_at":"2026-05-19T21:26:26.298032+00:00","generated_at":"2026-05-19T21:27:33.045251+00:00","sec_items":["1.01","2.03","3.02","5.02","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Zoomcar settles $6M ACM judgment with cash/equity, resolves Reimer litigation with 39M shares, two executives resign","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-059140","json":"https://secwatch.observer/filing/0001213900-26-059140.json","markdown":"https://secwatch.observer/filing/0001213900-26-059140.md","text":"https://secwatch.observer/filing/0001213900-26-059140.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1854275/000121390026059140/0001213900-26-059140-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1854275/000121390026059140/ea0291545-8k_zoomcar.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T21:27:33.045251+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":"33d1abcc1337113e4d98a21af4317fdfee25c9dc","claim":"Zoomcar Holdings, Inc. incurred debt of $2,500,000.","evidence_excerpt":"the Company executed a Confession of Judgment pursuant to CPLR § 3218 in the principal amount of $2,500,000 (the “Reimer Confession of Judgment”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1854275/000121390026059140/0001213900-26-059140-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$2,500,000"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ea2878843cf1fcbcad31140e5da613d980d387cc","claim":"Zoomcar Holdings, Inc. incurred debt of $2,500,000 with ACM Zoomcar Convert LLC maturing October 31, 2026.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1854275/000121390026059140/0001213900-26-059140-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$2,500,000"},{"label":"Counterparty","value":"ACM Zoomcar Convert LLC"},{"label":"Maturity","value":"October 31, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"bb5dea1d02","claim":"Shachi Singh resigned as Chief Legal Officer & General Counsel at Zoomcar Holdings, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1854275/000121390026059140/0001213900-26-059140-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Legal Officer & General Counsel"}],"fact_type":"executive_change"},{"claim_id":"f67a013398","claim":"Mohan Ananda resigned as Director at Zoomcar Holdings, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1854275/000121390026059140/0001213900-26-059140-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"1ff77213c30ee364b7d9b53ab73646b0ba18a1db","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1854275/000121390026059140/0001213900-26-059140-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"settlement"},{"label":"Counterparty","value":"Labrys Fund II, L.P."},{"label":"Value","value":"Promissory note original principal amount $180,000; forbearance on conversion prior to September 30,"},{"label":"Effective","value":"2026-05-15"}],"fact_type":"material_agreement"},{"claim_id":"8b273f25d1e205885d8e524473f66ad712cf936c","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1854275/000121390026059140/0001213900-26-059140-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"settlement"},{"label":"Counterparty","value":"Reimer Family Partnership, L.P., Michael Schiavello, Vasilios Takos"},{"label":"Value","value":"Issuance of 39,000,000 shares of common stock capped at $2,000,000 aggregate consideration plus $2,5"},{"label":"Effective","value":"2026-05-01"}],"fact_type":"material_agreement"},{"claim_id":"b52fca9b5817b6f041f65abd10f9faf3f1022cb4","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1854275/000121390026059140/0001213900-26-059140-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"settlement"},{"label":"Counterparty","value":"ACM Zoomcar Convert LLC"},{"label":"Value","value":"Judgment principal amount $6,000,000; cash payment $2,500,000; residual balance $3,500,000 to be sat"},{"label":"Effective","value":"2026-05-06"}],"fact_type":"material_agreement"},{"claim_id":"e9f156a78d3698a20b9152a74569daac7ec7d404","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1854275/000121390026059140/0001213900-26-059140-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"settlement"},{"label":"Counterparty","value":"CFI Capital LLC"},{"label":"Value","value":"Convertible redeemable promissory note original principal amount $150,000; standstill on conversion"},{"label":"Effective","value":"2026-05-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}