other material
confidence high
sentiment neutral
materiality 0.60
Zoomcar corrects Series A unit closing: 537 units, extends offering to July 30
Zoomcar Holdings, Inc.
- Corrected second closing: 537 units (from 662) sold at $1,000 each, gross proceeds ~$537,000.
- Each warrant covers 20,000 common shares; total 10,740,000 shares underlying warrants.
- Offering termination date extended from June 30, 2026 to July 30, 2026.
- Preferred conversion price $0.05/share; warrant exercise price $0.0625/share, 5-year term.
- Placement agent received warrants for 1,074,000 shares (10% of underlying common shares).