Zoomcar closes third private placement tranche for $195k; CEO contract extended to May 2027

Zoomcar Holdings, Inc.

Third closing of private placement: 195 Series A units at $1,000 each, gross proceeds ~$195,000.
Each unit: one Series A Convertible Preferred (convertible at $0.05/share) and one warrant (exercise $0.0625, 5-year term).
Total offering up to $5M, with overallotment option for additional $5M; minimum $1M subscription satisfied.
Placement agent ThinkEquity receives 10% cash fee, 1% expense allowance, and warrants for 10% of underlying shares.
CEO Deepankar Tiwari's consulting agreement extended to May 9, 2027 on substantially same terms.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.