Highest-materiality recent filing
Zoomcar corrects Series A unit closing: 537 units, extends offering to July 30
Corrected second closing: 537 units (from 662) sold at $1,000 each, gross proceeds ~$537,000.
Zoomcar raises $1.14M in PIPE; convertible preferred at $0.05/share, warrants at $0.0625
Initial closing of 1,143 Units at $1,000/Unit, raising ~$1.14M in gross proceeds.
Zoomcar sees FY26 net loss ~70% lower YoY; extends tender offer to June 30
Preliminary FY26 net loss declines ~70% YoY; Adjusted EBITDA loss down ~54%.
ACM Judgment settlement: pay $2.5M cash by Oct 31 2026, residual ~$3.5M satisfied via equity at next financing terms.
New York court issues TRO blocking Zoomcar from key financing and share actions
TRO issued April 14, 2026, by Supreme Court of New York, NY County, in Reimer Family Partnership v. Zoomcar (Index No. 651695/2026).
Zoomcar launches exchange offer to swap warrants for common stock at 20,000 shares per warrant
Exchange ratio: 20,000 shares of common stock for each warrant tendered and accepted.
Private placement of warrants to accredited investors under Reg D, exercisable at $6,000 per share for common stock.
Zoomcar launches warrant exchange and up to $5M bridge financing to address capital needs
Warrant exchange offer: existing warrants exchanged for common stock; ratios range from 10 to 20,000 shares per warrant.
Zoomcar issues $220K convertible note to FirstFire with 25% conversion discount, 12% interest
Issued $220K convertible promissory note to FirstFire; net proceeds ~$200K after $20K original issue discount.
Zoomcar downgraded from OTCQX to OTCQB; shares now trade on OTCQB under ZCAR
Received OTC Markets notice on Aug 7, 2025 re: missing OTCQX eligibility; elected transition to OTCQB.
Zoomcar receives OTCQX delisting notice for market cap below $5M threshold
Received notice on Aug 5, 2025 for non-compliance with OTCQX minimum $5M market cap requirement.
Zoomcar dismisses Grant Thornton Bharat, engages Bansal & Co as auditor; material weaknesses persist
Dismissed Grant Thornton Bharat LLP effective July 29, 2025; no disagreements with the firm.
Zoomcar discloses data breach affecting 8.4 million users’ personal data
Unauthorized third party accessed personal data of approx 8.4 million Zoomcar users, including names, phone numbers, car registration numbers, addresses, and emails.
Zoomcar CEO Hiroshi Nishijima resigns; Deepankar Tiwari appointed as new CEO
Hiroshi Nishijima resigned as CEO effective May 2, 2025; no disagreement with the Company.
Zoomcar receives Nasdaq delisting notice; to trade on OTCQX from May 8, 2025
Nasdaq Hearings Panel determined to delist Zoomcar's common stock and warrants for failure to meet continued listing requirements.
Zoomcar appoints Waze co-founder Uri Levine as Chairman; $500K bonus, 1M RSUs subject to approval
Uri Levine appointed Class III Director and Chairman effective March 31, 2025, filling vacancy from Mark Bailey's resignation.
Board fixed Reset Price of all Series B Warrants to Floor Price of $0.312 per share ($6.24 post-reverse split effective March 21).
Zoomcar shareholders approve reverse stock split, warrant issuances, and equity plan amendment
Reverse stock split approved at ratio between 1:2 and 1:20, effective at board's discretion.
Panel Decision Letter dated Feb 10, 2025 grants continued listing subject to transfer to Nasdaq Capital Market and meeting $2.5M stockholders' equity by March 31, 2025.
Zoomcar closes $1.44M second offering tranche; settles litigation with equity; CEO title updated
Second closing of private placement raised approx. $1.44M gross; net proceeds ~$1.25M.
Zoomcar fails to regain Nasdaq MVPHS compliance; faces delisting; CFO promoted, CEO salary restored
Failed to regain Nasdaq MVPHS compliance (min $15M public float) by Jan 21; delisting notice on Jan 23.
Zoomcar closes $5.48M first tranche of private placement; CEO and consultant participate
Gross proceeds of $5.48M; net proceeds approximately $4.79M after fees and expenses.
Zoomcar raises $9.15M in private placement, regains Nasdaq bid price compliance
Gross proceeds $9.15M from 2,137,850 units at $4.28/unit; net proceeds $7.625M after fees.
Zoomcar receives Nasdaq delisting determination for multiple listing rule failures
Nasdaq staff issued delist determination on Nov 6, 2024 due to non-compliance with MVLS, Minimum Bid Price, and PHS Rules.
On Oct 29, 2024, Nasdaq notified Zoomcar that its publicly held shares fell below the 1,100,000 minimum for continued listing on Nasdaq Global Market.
Zoomcar shareholders approve reverse stock split and bridge warrant issuance
Reverse split approved (ratio 1:50 to 1:150, board discretion); FOR 32.9M, AGAINST 2.0M, ABSTAIN 2.9M.
Zoomcar receives Nasdaq delisting notice for MVPHS non-compliance; CEO salary halved
Received Nasdaq notice on July 22, 2024 for failing minimum market value of publicly held shares ($15M).
Zoomcar issues $3.6M notes, terminates CEO, warns cash only through Nov 2024
Issued $3.6M principal notes with 15% interest (20% default) and warrants for 52.97M shares at $0.1416; $3M gross proceeds.
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.
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.
On May 9, 2025, the board of directors (the “ Board ”) of the Company appointed Mr. Deepankar Tiwari, 52, as the Company’s Chief Executive Officer, effective immediately.
On May 2, 2025, Mr. Hiroshi Nishijima, resigned from his position of Chief Executive Officer of Zoomcar Holdings, Inc. (the “ Company ”), effective immediately.
On April 16, 2025, Madan Menon resigned from the board of directors (the “ Board ”) of Zoomcar Holdings, Inc.
Effective as of March 31, 2025, the Board of Directors (the “Board”) of the Company appointed Uri Levine, as a member and Chairman of the Board
On January 17, 2025, the board of directors (the “Board”) of the Company approved a change in the designation of Sachin Gupta, from Interim Chief Financial Officer to Chief Financial Officer, effective immediately.
On January 6, 2025, the board of directors (the “Board”) of Zoomcar Holdings, Inc. (the “Company”) approved the designation of Shachi Singh, the Company’s General Counsel and Chief Legal Officer, as an executive officer of the Company, effective immediately.
On June 26, 2024, Mr. Adarsh Menon, the President of Zoomcar Holdings, Inc. (the “ Company ”), resigned from his employment effective June 30, 2024.
the Board appointed Hiroshi Nishijima, the Company’s Chief Operating Officer, as interim Chief Executive Officer.
Effective as of the closing of the offering, the Board appointed John Clarke and Mark Bailey to the Board as directors to fill vacancies left by the resignations of Mr. Gullans and David Ishag.
On June 20, 2024, Greg Moran, the Company’s Chief Executive Officer, was terminated from his role.
Max materiality 0.85 · Median 0.60 · Most common event other_material