Zoomcar approves 1.99B authorized share increase and reverse split; $498K private placement

Zoomcar Holdings, Inc.

Fourth closing: 498 Units for $498K non-cash consideration (satisfying obligations); no cash proceeds.
Authorized share increase approved: from 250M to 1.99B common shares; certificate effective Aug 13, 2026.
Reverse stock split approved: ratio 1-for-2 to 1-for-800, board to set specific ratio and timing.
Approved issuance of up to 509,192,089 shares in exchange offer for outstanding warrants.
Inducement grant of 1,000,000 restricted shares to Chairman Uri Levine approved; offering extended to Sept 4, 2026.

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