Zoomcar Holdings, Inc. completed the seventh closing of its private placement, selling 75 Series A units for approximately $75,000 in gross proceeds before placement-agent fees and offering expenses. Each $1,000 unit contains one Series A preferred share with $1,000 stated value and a warrant to purchase 20,000 common shares. At this closing, the preferred shares are convertible into 6,465,450 common shares at $0.0116 per share, and the warrants cover up to 1,500,000 common shares.
Conversions of outstanding convertible notes triggered a reset of the preferred conversion price from $0.05 to $0.0116 per common share and the outstanding Series A warrant exercise price from $0.0625 to $0.0116. The preferred reset applies to all outstanding Series A shares: each converts into 86,206 common shares, versus 20,000 at the initial price. Zoomcar says the additional shares will be substantially dilutive; the placement agent also received warrants for up to 150,000 common shares at this closing.
OTC Markets reported the public float below its 10% minimum and granted a 90-calendar-day cure period through December 21, 2026. The common stock may be removed from OTCQB if compliance is not regained; Zoomcar intends to submit a cure plan and request an extension.
Zoomcar Holdings, Inc. (ZCAR), with the agreement of the placement agent, extended the scheduled termination date of the Offering from October 9, 2026 to November 16, 2026. The corresponding “Termination Date” under the Securities Purchase Agreements with investors was extended on the same schedule. Zoomcar may further extend the Offering Termination Date in accordance with those agreements.
Zoomcar Holdings, Inc. (ZCAR) reported another closing in its ongoing private placement of Series A Units, raising additional equity capital through preferred stock and warrants. On September 11, 2026, the company entered into a securities purchase agreement with accredited investors for the sixth closing, selling 156 Units at $1,000 per Unit, for aggregate gross proceeds of approximately $155,000 before fees and expenses.
Each Unit consists of one share of Series A Convertible Preferred Stock with a stated value of $1,000 and one Series A warrant to purchase 20,000 shares of common stock. At this closing, Zoomcar issued Warrants covering up to 3,120,000 shares of common stock and agreed to issue Placement Agent Warrants for up to 312,000 shares. The preferred shares are initially convertible at $0.05 per share, and the Warrants are exercisable immediately at $0.0625 per share for five years, with standard adjustment features; the share figures do not reflect a reverse stock split approved on August 11, 2026.
Zoomcar also granted investors registration rights, committing to file a resale registration statement within 15 calendar days after the sixth closing and to seek its effectiveness within agreed timeframes, with partial liquidated damages if it does not meet these obligations. The overall Offering allows for up to $5,000,000 of Units plus an additional $5,000,000 via an overallotment option and is now scheduled to terminate on October 9, 2026, following an extension agreed with the placement agent.
Zoomcar Holdings, Inc. (ZCAR) reported the fifth closing of its ongoing private placement of Series A units to accredited investors. Each Unit consists of one share of Series A Convertible Preferred Stock with a stated value of $1,000 and one Series A warrant to purchase 20,000 shares of common stock.
At this fifth closing, the company issued 80 Units, comprising 80 preferred shares and warrants exercisable for up to 1,600,000 common shares, for aggregate consideration of approximately $80,000. Sixty Units were issued as non-cash consideration through satisfaction of accrued obligations, and 20 Units were issued for cash to an accredited investor.
The broader Offering permits sales of up to $5,000,000 of Units, plus up to an additional $5,000,000 via an overallotment option, and is being conducted under Section 4(a)(2) and Rule 506(c) of Regulation D. The scheduled termination date was extended, with the agreement of the placement agent, from September 4, 2026 to September 20, 2026. The preferred shares are initially convertible at $0.05 per share of common stock, and the warrants are exercisable at $0.0625 per share for five years from issuance.
Zoomcar Holdings, Inc. (ZCAR) completed an unregistered exchange of privately issued warrants for common stock under Section 3(a)(9) of the Securities Act. As of the August 14, 2026 expiration, holders tendered 6,029,194 Existing Warrants, about 63% of warrants outstanding, and the company accepted all for exchange.
In return, Zoomcar will issue 317,683,180 shares of common stock, with no cash paid or received, and all exchanged warrants will be retired and canceled. Each participating holder signed a lock-up agreement restricting transfer of 50% of received shares for 12 months and the remaining 50% for 18 months after the expiration date. The new shares are unregistered “restricted securities” and will bear Securities Act and lock-up legends.
Zoomcar Holdings, Inc. reported modest revenue of $2,351,329 for the quarter ended June 30, 2026, roughly flat versus $2,312,753 a year earlier. Operating efficiency improved, with total costs and expenses falling to $3,230,177 from $4,074,176, narrowing the operating loss before tax to $878,848 from $1,761,423.
However, higher finance and other expenses led to a larger net loss of $5,369,599 compared with $4,205,313 in the prior-year quarter. Cash and cash equivalents were only $405,441, against total liabilities of $38,913,031 and a stockholders’ deficit of $(35,731,960). Current liabilities of $38,011,871 far exceed current assets of $1,329,377, creating a working capital deficit of $36,682,494.
Management explicitly states that the company’s cash position is critically deficient, critical payments are not being made in the ordinary course, and there is substantial doubt about its ability to continue as a going concern. The company is relying on bridge notes, promissory notes and Series A convertible units for liquidity, while remaining in default on several debt and lease obligations, including penal interest of $569,749 to Leaseplan India in the quarter.
Zoomcar Holdings, Inc. has extended the expiration of its previously announced offer to exchange certain outstanding warrants for shares of its common stock. The offer, originally scheduled to expire at 5:00 p.m. Eastern Time on July 24, 2026, will now expire at 5:00 p.m. Eastern Time on August 14, 2026, unless further extended by the company.
The extension provides additional time for warrant holders to consider the Offer to Exchange and for conditions to be satisfied, including stockholder approval of an increase in authorized shares of common stock. Warrants already tendered and not withdrawn remain validly tendered, while holders may withdraw tendered warrants at any time before expiration. Participation is governed by the company’s Schedule TO and related offer materials filed with the SEC.
Zoomcar Holdings, Inc. filed an amended annual report to correct an administrative error and describes an asset-light, peer-to-peer car sharing marketplace focused on India. As of March 31, 2026, the platform had 33,383 registered Host vehicles and about 2.5 million active Guests; during the year, roughly 245,367 Guests generated 775,005 booking days. Management cites a serviceable addressable market of about $46.5 billion and a total addressable market of $186 billion across emerging markets.
The company completed a SPAC business combination in December 2023. After failing Nasdaq listing standards, its common stock and public warrants now trade on OTC Markets under the symbols ZCAR and ZCARW. As of September 30, 2025, non-affiliate equity market value was $1,919,665, and 8,488,485 common shares were outstanding as of July 13, 2026.
Zoomcar reports a history of operating losses, limited cash resources, indebtedness in default, and reliance on multiple short-term and convertible bridge financings with discounts, warrants and preferred stock. Management states there is substantial doubt about the company’s ability to continue as a going concern and highlights risks from heavy dilution, potential insufficiency of authorized shares to honor conversion and warrant obligations, and thin, volatile OTCQB trading with possible “penny stock” treatment.
Gupta Sachin U reported acquisition or exercise transactions in this Form 4 filing.
Zoomcar Holdings, Inc. reported that Chief Financial Officer Sachin U Gupta received an equity grant of 500,615 shares of Common Stock, recorded at $0.00 per share, bringing his directly held position to 500,615 shares. The award is issued under the Zoomcar Holdings, Inc. 2023 Equity Incentive Plan as Restricted Stock Units. According to the vesting schedule, 615 RSUs vested on March 31, 2025; 125,000 RSUs vested on June 30, 2026; an additional 125,000 RSUs will vest on August 4, 2026; 125,000 RSUs will vest on August 4, 2027; and the remaining 125,000 RSUs will vest on August 4, 2028.
Singh Shachi reported acquisition or exercise transactions in this Form 4 filing.
Zoomcar Holdings, Inc. reported that former Chief Legal Officer Shachi Singh received a grant of 500,476 restricted stock units under its 2023 Equity Incentive Plan. Of these, 476 RSUs vested on March 31, 2025.
After Singh’s resignation effective April 28, 2026, the remaining 500,000 unvested RSUs were voluntarily forfeited and canceled without consideration. Singh now directly holds 476 shares of Zoomcar common stock.