STOCK TITAN

[8-K] ZOOMCAR HOLDINGS INC Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Satellogic Inc. (SATL) – Form 144 filing discloses that Hannover Holdings S.A., an affiliate shareholder, intends to sell 100,000 Class A common shares through J.P. Morgan Securities on or about 20 June 2025. The shares carry an aggregate market value of $353,720, implying a reference price of roughly $3.54 per share. Total Class A shares outstanding stand at 90.53 million, so the proposed sale represents approximately 0.11 % of the float.

The filing also details the shareholder’s recent selling activity: over the last three months, Hannover Holdings disposed of 1,628,957 shares across 14 separate transactions, realising gross proceeds of roughly $6.2 million. Taken together with the newly-noticed 100,000-share block, the investor will have sold about 1.73 million shares, equal to 1.9 % of shares outstanding.

The shares being sold were originally acquired on 25 January 2022 via the exchange of Nettar Group convertible notes in connection with the merger that created Satellogic’s current corporate structure. No gifts were involved and consideration was rendered through an asset exchange.

Under Rule 144, affiliates may sell restricted securities subject to volume, manner-of-sale and notice requirements. The seller certifies it possesses no undisclosed material adverse information about Satellogic. While the absolute size of the proposed block is modest, the continued pattern of sales by a significant holder could signal ongoing liquidity needs or portfolio rebalancing and may exert incremental selling pressure on SATL shares.

Satellogic Inc. (SATL) – Comunicazione Form 144 rivela che Hannover Holdings S.A., un azionista affiliato, intende vendere 100.000 azioni ordinarie di Classe A tramite J.P. Morgan Securities intorno al 20 giugno 2025. Le azioni hanno un valore di mercato complessivo di circa 353.720 dollari, corrispondente a un prezzo di riferimento di circa 3,54 dollari per azione. Il totale delle azioni Classe A in circolazione è di 90,53 milioni, quindi la vendita proposta rappresenta circa lo 0,11% del flottante.

La comunicazione dettaglia anche l’attività di vendita recente dell’azionista: negli ultimi tre mesi, Hannover Holdings ha ceduto 1.628.957 azioni in 14 transazioni separate, realizzando proventi lordi di circa 6,2 milioni di dollari. Considerando anche il blocco di 100.000 azioni appena notificato, l’investitore avrà venduto circa 1,73 milioni di azioni, pari al 1,9% delle azioni in circolazione.

Le azioni in vendita sono state originariamente acquisite il 25 gennaio 2022 mediante lo scambio di note convertibili di Nettar Group in occasione della fusione che ha creato la struttura societaria attuale di Satellogic. Non sono stati coinvolti doni e la controprestazione è stata effettuata tramite uno scambio di attività.

Secondo la Regola 144, gli affiliati possono vendere titoli vincolati rispettando limiti di volume, modalità di vendita e obblighi di comunicazione. Il venditore certifica di non possedere informazioni materiali negative non divulgate su Satellogic. Sebbene la dimensione assoluta del blocco proposto sia modesta, il continuo modello di vendite da parte di un azionista significativo potrebbe indicare esigenze di liquidità o ribilanciamento del portafoglio e potrebbe esercitare una pressione di vendita aggiuntiva sulle azioni SATL.

Satellogic Inc. (SATL) – Presentación del Formulario 144 revela que Hannover Holdings S.A., un accionista afiliado, planea vender 100,000 acciones ordinarias Clase A a través de J.P. Morgan Securities aproximadamente el 20 de junio de 2025. Las acciones tienen un valor de mercado total de $353,720, lo que implica un precio de referencia de alrededor de $3.54 por acción. El total de acciones Clase A en circulación es de 90.53 millones, por lo que la venta propuesta representa aproximadamente el 0.11% del flotante.

La presentación también detalla la reciente actividad de venta del accionista: en los últimos tres meses, Hannover Holdings vendió 1,628,957 acciones en 14 transacciones separadas, obteniendo ingresos brutos de aproximadamente $6.2 millones. Sumando el bloque recién notificado de 100,000 acciones, el inversor habrá vendido alrededor de 1.73 millones de acciones, equivalentes al 1.9% de las acciones en circulación.

Las acciones que se venden fueron adquiridas originalmente el 25 de enero de 2022 mediante el intercambio de notas convertibles de Nettar Group en relación con la fusión que creó la estructura corporativa actual de Satellogic. No hubo donaciones involucradas y la contraprestación se realizó mediante un intercambio de activos.

Bajo la Regla 144, los afiliados pueden vender valores restringidos sujetos a requisitos de volumen, forma de venta y notificación. El vendedor certifica que no posee información material adversa no divulgada sobre Satellogic. Aunque el tamaño absoluto del bloque propuesto es modesto, el patrón continuo de ventas por parte de un accionista significativo podría indicar necesidades de liquidez o reequilibrio de cartera y podría ejercer presión adicional de venta sobre las acciones de SATL.

Satellogic Inc. (SATL) – Form 144 제출에 따르면, Hannover Holdings S.A.라는 계열 주주가 약 2025년 6월 20일경 J.P. Morgan Securities를 통해 100,000주 클래스 A 보통주를 매도할 계획임을 공개했습니다. 이 주식들의 총 시장 가치는 약 353,720달러로, 주당 대략 3.54달러의 기준 가격을 의미합니다. 총 클래스 A 발행 주식 수는 9,053만 주로, 이번 매도는 약 0.11%의 유통 주식 비중에 해당합니다.

제출 문서에는 주주의 최근 매도 활동도 상세히 나와 있습니다: 지난 3개월 동안 Hannover Holdings는 14건의 별도 거래를 통해 1,628,957주를 처분하여 약 620만 달러의 총 수익을 거두었습니다. 이번에 새로 공지된 100,000주 매도와 합하면, 투자자는 총 약 173만 주를 매도하여 전체 발행 주식의 1.9%에 해당합니다.

매도되는 주식은 원래 2022년 1월 25일 Nettar Group 전환사채 교환을 통해 획득되었으며, 이 거래는 Satellogic의 현재 법인 구조를 만든 합병과 관련이 있습니다. 증여는 없었으며, 자산 교환을 통해 대가가 지급되었습니다.

Rule 144에 따라, 계열사는 거래량, 매도 방식 및 공지 요건을 준수하는 조건으로 제한된 증권을 매도할 수 있습니다. 매도자는 Satellogic에 대한 공개되지 않은 중대한 부정적 정보가 없음을 증명합니다. 제안된 매도 블록의 절대 규모는 적지만, 주요 주주의 지속적인 매도 패턴은 유동성 필요성이나 포트폴리오 재조정 신호일 수 있으며 SATL 주식에 추가적인 매도 압력을 가할 수 있습니다.

Satellogic Inc. (SATL) – Dépôt du formulaire 144 révèle que Hannover Holdings S.A., un actionnaire affilié, prévoit de vendre 100 000 actions ordinaires de catégorie A via J.P. Morgan Securities aux alentours du 20 juin 2025. Ces actions ont une valeur marchande totale de 353 720 $, ce qui correspond à un prix de référence d’environ 3,54 $ par action. Le nombre total d’actions de catégorie A en circulation est de 90,53 millions, la vente proposée représente donc environ 0,11 %

Le dépôt détaille également l’activité récente de vente de l’actionnaire : au cours des trois derniers mois, Hannover Holdings a cédé 1 628 957 actions lors de 14 transactions distinctes, générant un produit brut d’environ 6,2 millions de dollars. En ajoutant le bloc nouvellement annoncé de 100 000 actions, l’investisseur aura vendu environ 1,73 million d’actions, soit 1,9 % des actions en circulation.

Les actions vendues ont été initialement acquises le 25 janvier 2022 via l’échange de billets convertibles de Nettar Group dans le cadre de la fusion ayant créé la structure actuelle de Satellogic. Aucun don n’a été impliqué et la contrepartie a été réalisée par un échange d’actifs.

Selon la règle 144, les affiliés peuvent vendre des titres restreints sous réserve de limites de volume, de modalités de vente et d’obligations de notification. Le vendeur certifie ne pas détenir d’informations défavorables importantes non divulguées concernant Satellogic. Bien que la taille absolue du bloc proposé soit modeste, le schéma continu de ventes par un actionnaire important pourrait indiquer des besoins de liquidité ou un rééquilibrage de portefeuille et pourrait exercer une pression de vente supplémentaire sur les actions SATL.

Satellogic Inc. (SATL) – Form 144 Meldung gibt bekannt, dass Hannover Holdings S.A., ein verbundener Aktionär, beabsichtigt, etwa am 20. Juni 2025 100.000 Class-A-Stammaktien über J.P. Morgan Securities zu verkaufen. Die Aktien haben einen Gesamtmarktwert von 353.720 US-Dollar, was einem Referenzpreis von etwa 3,54 US-Dollar pro Aktie entspricht. Die insgesamt ausstehenden Class-A-Aktien belaufen sich auf 90,53 Millionen, sodass der geplante Verkauf etwa 0,11 % des Streubesitzes ausmacht.

Die Meldung enthält auch Details zu den jüngsten Verkaufsaktivitäten des Aktionärs: In den letzten drei Monaten hat Hannover Holdings 1.628.957 Aktien in 14 separaten Transaktionen veräußert und dabei Bruttoerlöse von rund 6,2 Millionen US-Dollar erzielt. Zusammen mit dem neu gemeldeten Block von 100.000 Aktien hat der Investor damit etwa 1,73 Millionen Aktien verkauft, was 1,9 % der ausstehenden Aktien entspricht.

Die zum Verkauf stehenden Aktien wurden ursprünglich am 25. Januar 2022 durch den Umtausch von wandelbaren Nettar Group-Anleihen im Zusammenhang mit der Fusion erworben, die die aktuelle Unternehmensstruktur von Satellogic geschaffen hat. Es gab keine Schenkungen, die Gegenleistung erfolgte durch einen Vermögensaustausch.

Nach Regel 144 dürfen verbundene Personen eingeschränkte Wertpapiere unter Einhaltung von Volumen-, Verkaufsmodus- und Meldepflichten verkaufen. Der Verkäufer bestätigt, dass keine nicht offengelegten wesentlichen negativen Informationen über Satellogic vorliegen. Obwohl die absolute Größe des vorgeschlagenen Blocks gering ist, könnte das anhaltende Verkaufsverhalten eines bedeutenden Aktionärs auf fortlaufenden Liquiditätsbedarf oder Portfolioanpassungen hindeuten und zusätzlichen Verkaufsdruck auf SATL-Aktien ausüben.

Positive
  • None.
Negative
  • Continued insider selling: Hannover Holdings has already liquidated 1.63 million shares in the past three months and plans to sell another 100 k, signalling potential overhang.
  • Potential supply pressure: Aggregate sales (~1.9 % of outstanding shares) could weigh on SATL’s share price in the near term, especially given the stock’s limited liquidity.

Insights

TL;DR: Insider affiliate plans modest additional sale; cumulative disposals near 2 % may pressure stock short-term.

The Form 144 shows Hannover Holdings, an affiliate shareholder, intends to sell 100 k shares (~$354 k) after having already sold 1.63 m shares since March 2025. Although the upcoming sale is only 0.11 % of shares outstanding, the aggregate three-month volume approaches 1.9 %, signalling a sustained distribution trend. Because Rule 144 sales are executed on-market, they can weigh on near-term price action, especially for lower-liquidity small-cap names like SATL. No operational data accompany the filing, so the sale appears portfolio-driven rather than business-driven; nevertheless, recurring insider selling typically skews sentiment negative.

TL;DR: Routine Rule 144 compliance; no red flags beyond continued insider selling.

The notice satisfies Rule 144 disclosure obligations: broker identified, share count within volume limits, and certification that no undisclosed MNPI exists. Governance risk is low, but optics matter; investors watch insider activity as a signalling mechanism. Repeated block sales by the same affiliate could raise questions about long-term commitment, though no evidence suggests governance disputes. The seller’s shares stem from the 2022 de-SPAC merger, typical for pre-combination investors exiting gradually. Overall impact is modest yet incrementally negative for sentiment.

Satellogic Inc. (SATL) – Comunicazione Form 144 rivela che Hannover Holdings S.A., un azionista affiliato, intende vendere 100.000 azioni ordinarie di Classe A tramite J.P. Morgan Securities intorno al 20 giugno 2025. Le azioni hanno un valore di mercato complessivo di circa 353.720 dollari, corrispondente a un prezzo di riferimento di circa 3,54 dollari per azione. Il totale delle azioni Classe A in circolazione è di 90,53 milioni, quindi la vendita proposta rappresenta circa lo 0,11% del flottante.

La comunicazione dettaglia anche l’attività di vendita recente dell’azionista: negli ultimi tre mesi, Hannover Holdings ha ceduto 1.628.957 azioni in 14 transazioni separate, realizzando proventi lordi di circa 6,2 milioni di dollari. Considerando anche il blocco di 100.000 azioni appena notificato, l’investitore avrà venduto circa 1,73 milioni di azioni, pari al 1,9% delle azioni in circolazione.

Le azioni in vendita sono state originariamente acquisite il 25 gennaio 2022 mediante lo scambio di note convertibili di Nettar Group in occasione della fusione che ha creato la struttura societaria attuale di Satellogic. Non sono stati coinvolti doni e la controprestazione è stata effettuata tramite uno scambio di attività.

Secondo la Regola 144, gli affiliati possono vendere titoli vincolati rispettando limiti di volume, modalità di vendita e obblighi di comunicazione. Il venditore certifica di non possedere informazioni materiali negative non divulgate su Satellogic. Sebbene la dimensione assoluta del blocco proposto sia modesta, il continuo modello di vendite da parte di un azionista significativo potrebbe indicare esigenze di liquidità o ribilanciamento del portafoglio e potrebbe esercitare una pressione di vendita aggiuntiva sulle azioni SATL.

Satellogic Inc. (SATL) – Presentación del Formulario 144 revela que Hannover Holdings S.A., un accionista afiliado, planea vender 100,000 acciones ordinarias Clase A a través de J.P. Morgan Securities aproximadamente el 20 de junio de 2025. Las acciones tienen un valor de mercado total de $353,720, lo que implica un precio de referencia de alrededor de $3.54 por acción. El total de acciones Clase A en circulación es de 90.53 millones, por lo que la venta propuesta representa aproximadamente el 0.11% del flotante.

La presentación también detalla la reciente actividad de venta del accionista: en los últimos tres meses, Hannover Holdings vendió 1,628,957 acciones en 14 transacciones separadas, obteniendo ingresos brutos de aproximadamente $6.2 millones. Sumando el bloque recién notificado de 100,000 acciones, el inversor habrá vendido alrededor de 1.73 millones de acciones, equivalentes al 1.9% de las acciones en circulación.

Las acciones que se venden fueron adquiridas originalmente el 25 de enero de 2022 mediante el intercambio de notas convertibles de Nettar Group en relación con la fusión que creó la estructura corporativa actual de Satellogic. No hubo donaciones involucradas y la contraprestación se realizó mediante un intercambio de activos.

Bajo la Regla 144, los afiliados pueden vender valores restringidos sujetos a requisitos de volumen, forma de venta y notificación. El vendedor certifica que no posee información material adversa no divulgada sobre Satellogic. Aunque el tamaño absoluto del bloque propuesto es modesto, el patrón continuo de ventas por parte de un accionista significativo podría indicar necesidades de liquidez o reequilibrio de cartera y podría ejercer presión adicional de venta sobre las acciones de SATL.

Satellogic Inc. (SATL) – Form 144 제출에 따르면, Hannover Holdings S.A.라는 계열 주주가 약 2025년 6월 20일경 J.P. Morgan Securities를 통해 100,000주 클래스 A 보통주를 매도할 계획임을 공개했습니다. 이 주식들의 총 시장 가치는 약 353,720달러로, 주당 대략 3.54달러의 기준 가격을 의미합니다. 총 클래스 A 발행 주식 수는 9,053만 주로, 이번 매도는 약 0.11%의 유통 주식 비중에 해당합니다.

제출 문서에는 주주의 최근 매도 활동도 상세히 나와 있습니다: 지난 3개월 동안 Hannover Holdings는 14건의 별도 거래를 통해 1,628,957주를 처분하여 약 620만 달러의 총 수익을 거두었습니다. 이번에 새로 공지된 100,000주 매도와 합하면, 투자자는 총 약 173만 주를 매도하여 전체 발행 주식의 1.9%에 해당합니다.

매도되는 주식은 원래 2022년 1월 25일 Nettar Group 전환사채 교환을 통해 획득되었으며, 이 거래는 Satellogic의 현재 법인 구조를 만든 합병과 관련이 있습니다. 증여는 없었으며, 자산 교환을 통해 대가가 지급되었습니다.

Rule 144에 따라, 계열사는 거래량, 매도 방식 및 공지 요건을 준수하는 조건으로 제한된 증권을 매도할 수 있습니다. 매도자는 Satellogic에 대한 공개되지 않은 중대한 부정적 정보가 없음을 증명합니다. 제안된 매도 블록의 절대 규모는 적지만, 주요 주주의 지속적인 매도 패턴은 유동성 필요성이나 포트폴리오 재조정 신호일 수 있으며 SATL 주식에 추가적인 매도 압력을 가할 수 있습니다.

Satellogic Inc. (SATL) – Dépôt du formulaire 144 révèle que Hannover Holdings S.A., un actionnaire affilié, prévoit de vendre 100 000 actions ordinaires de catégorie A via J.P. Morgan Securities aux alentours du 20 juin 2025. Ces actions ont une valeur marchande totale de 353 720 $, ce qui correspond à un prix de référence d’environ 3,54 $ par action. Le nombre total d’actions de catégorie A en circulation est de 90,53 millions, la vente proposée représente donc environ 0,11 %

Le dépôt détaille également l’activité récente de vente de l’actionnaire : au cours des trois derniers mois, Hannover Holdings a cédé 1 628 957 actions lors de 14 transactions distinctes, générant un produit brut d’environ 6,2 millions de dollars. En ajoutant le bloc nouvellement annoncé de 100 000 actions, l’investisseur aura vendu environ 1,73 million d’actions, soit 1,9 % des actions en circulation.

Les actions vendues ont été initialement acquises le 25 janvier 2022 via l’échange de billets convertibles de Nettar Group dans le cadre de la fusion ayant créé la structure actuelle de Satellogic. Aucun don n’a été impliqué et la contrepartie a été réalisée par un échange d’actifs.

Selon la règle 144, les affiliés peuvent vendre des titres restreints sous réserve de limites de volume, de modalités de vente et d’obligations de notification. Le vendeur certifie ne pas détenir d’informations défavorables importantes non divulguées concernant Satellogic. Bien que la taille absolue du bloc proposé soit modeste, le schéma continu de ventes par un actionnaire important pourrait indiquer des besoins de liquidité ou un rééquilibrage de portefeuille et pourrait exercer une pression de vente supplémentaire sur les actions SATL.

Satellogic Inc. (SATL) – Form 144 Meldung gibt bekannt, dass Hannover Holdings S.A., ein verbundener Aktionär, beabsichtigt, etwa am 20. Juni 2025 100.000 Class-A-Stammaktien über J.P. Morgan Securities zu verkaufen. Die Aktien haben einen Gesamtmarktwert von 353.720 US-Dollar, was einem Referenzpreis von etwa 3,54 US-Dollar pro Aktie entspricht. Die insgesamt ausstehenden Class-A-Aktien belaufen sich auf 90,53 Millionen, sodass der geplante Verkauf etwa 0,11 % des Streubesitzes ausmacht.

Die Meldung enthält auch Details zu den jüngsten Verkaufsaktivitäten des Aktionärs: In den letzten drei Monaten hat Hannover Holdings 1.628.957 Aktien in 14 separaten Transaktionen veräußert und dabei Bruttoerlöse von rund 6,2 Millionen US-Dollar erzielt. Zusammen mit dem neu gemeldeten Block von 100.000 Aktien hat der Investor damit etwa 1,73 Millionen Aktien verkauft, was 1,9 % der ausstehenden Aktien entspricht.

Die zum Verkauf stehenden Aktien wurden ursprünglich am 25. Januar 2022 durch den Umtausch von wandelbaren Nettar Group-Anleihen im Zusammenhang mit der Fusion erworben, die die aktuelle Unternehmensstruktur von Satellogic geschaffen hat. Es gab keine Schenkungen, die Gegenleistung erfolgte durch einen Vermögensaustausch.

Nach Regel 144 dürfen verbundene Personen eingeschränkte Wertpapiere unter Einhaltung von Volumen-, Verkaufsmodus- und Meldepflichten verkaufen. Der Verkäufer bestätigt, dass keine nicht offengelegten wesentlichen negativen Informationen über Satellogic vorliegen. Obwohl die absolute Größe des vorgeschlagenen Blocks gering ist, könnte das anhaltende Verkaufsverhalten eines bedeutenden Aktionärs auf fortlaufenden Liquiditätsbedarf oder Portfolioanpassungen hindeuten und zusätzlichen Verkaufsdruck auf SATL-Aktien ausüben.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): June 6, 2025

 

ZOOMCAR HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

 

Delaware   001-40964   99-0431609
(State or other jurisdiction of
incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

Anjaneya Techno Park, No.147, 1st Floor
Kodihalli, Bangalore, India
  560008
(Address of principal executive offices)   (Zip Code)

 

+918048821871

(Registrant’s telephone number, including area code)

 

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
NA   NA   NA

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 1.01. Entry into a Material Definitive Agreement

 

The Company entered into Securities Purchase Agreements and related agreements dated December 23, 2024 and January 31, 2025, respectively, with certain accredited investors (the “Investors”) in connection with a private placement offering of shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) and certain warrants that are discussed more fully in the Current Reports on Form 8-K filed by the Company on December 26, 2024 and February 6, 2025, respectively (the “Offering”).

 

On June 6, 2025, the Company issued a settlement letter (the “Settlement Letter”) to each of certain of the Investors (the “Settlement Investors”), pursuant to which the Settlement Investors agreed to the settlement of liquidated damages arising from Section 2.4 of the Registration Rights Agreements with the Investors, entered into on December 23, 2024 and January 31, 2025, respectively (“RRAs”), in connection with the Offering. Under the provisions of the Settlement Letter, the Company agreed to issue an aggregate of 1,950,600 pre-funded warrants with an aggregate value of US$3,023,400 to the Settlement Investors (the “Settlement Warrants”), with each Settlement Warrant having an exercise price of $0.0001 per share of Common Stock, in consideration for the full payment of liquidated damages owed to each Settlement Investor under Section 2.4 of the applicable RRA, and each Settlement Investor’s release of the Company from any and all claims thereunder including, without limitation any additional liquidated damages. The valuation of the Settlement Warrants was calculated based on the volume-weighted average price of the Company’s common stock over the five (5) trading days immediately preceding June 6, 2025. 

 

The Settlement Warrants may be exercised at any time until they are exercised, in full, at an exercise price of $0.0001 per share of Common Stock, and may also be exercised on a cashless exercise basis, in lieu of any cash payment, in accordance with the formula provided in the Settlement Warrants. The Settlement Warrants provide for certain penalties in the event that the shares of Common Stock are not delivered on a timely basis, in connection with any exercise, and are subject to certain beneficial ownership limitations so that a holder may not exercise a settlement Warrant may not be exercised if any such exercise would cause the holder to own greater than 4.99% or 9.99% of the Company’s shares of Common Stock then outstanding, as applicable. The Settlement Warrants also provide for customary adjustments in the event of stock dividends, splits and the like, provide for participation in rights offerings and terms relating to the occurrence of a “Fundamental Transaction, such as a merger, reorganization or recapitalization.

 

The foregoing descriptions of the Settlement Letters and the Settlement Warrants do not purport to be complete and are qualified in their entirety by reference to the Settlement Letter and the form of Settlement Warrant, copies of which are filed as Exhibits 10.1 and 4.1, respectively to this Current Report on Form 8-K.

 

Item 3.02. Unregistered Sales of Equity Securities.

 

The information set forth in Item 1.01 above is incorporated herein by reference into this Item 3.02.

  

Item 9.01 Financial Statements and Exhibits.

 

(c) Exhibits

 

Exhibit
Number
  Description
4.1   Form of Pre-Funded Warrant
10.1   Settlement Letter dated June 6, 2025
104   Cover Page Interactive Data File (formatted as inline XBRL)

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: June 18, 2025 Zoomcar Holdings, Inc.
     
  By: /s/ Shachi Singh
  Name:  Shachi Singh
  Title: Chief Legal Officer

 

 

 

 

FAQ

How many Satellogic (SATL) shares does Hannover Holdings plan to sell under this Form 144?

100,000 Class A common shares are slated for sale on or about 20 June 2025.

What percentage of Satellogic’s outstanding shares does the proposed 100k-share sale represent?

Approximately 0.11 % of the 90.53 million shares outstanding.

How many SATL shares has Hannover Holdings sold in the last three months?

The filing lists 1,628,957 shares sold between 28 March and 18 June 2025.

What is the aggregate market value of the shares to be sold on 20 June 2025?

The 100,000 shares have an indicated value of $353,720.

Which broker will handle the planned Rule 144 sale for SATL?

The broker of record is J.P. Morgan Securities LLC.

When and how did Hannover Holdings acquire the shares now being sold?

Shares were obtained on 25 January 2022 via exchange of Nettar Group convertible notes during the merger that formed Satellogic Inc.
Zoomcar Holdings, Inc.

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