Zoomcar Holdings details several agreements reshaping its debt and equity obligations. The company reached an ACM Letter Agreement on a roughly $6,000,000 judgment: it will pay $2,500,000 in cash by October 31, 2026, then satisfy the remaining approximately $3,500,000 through equity issued on the terms of its next financing, while ACM receives at least 10% of gross proceeds from any capital raise and accepts a standstill through March 31, 2027.
Zoomcar also obtained standstill agreements on a $150,000 convertible note held by CFI and a $180,000 note held by Labrys, delaying conversions into common stock until after September 30, 2026. In the Reimer litigation, the company agreed, subject to a Section 3(a)(10) court fairness order, to issue 39,000,000 shares of common stock with total consideration capped at $2,000,000, backed by a $2,500,000 Confession of Judgment.
The filing also notes the resignation of director Mohan Ananda and Chief Legal Officer & General Counsel Shachi Singh, each stated as not due to disagreements. Separately, Zoomcar terminated prior engagement agreements with Aegis Capital Corp. in exchange for a future grant of securities valued at $2,000,000, contingent on an uplisting or by December 31, 2026.
Zoomcar Holdings, Inc. has extended the expiration date of its previously announced offer to exchange certain outstanding warrants for shares of its common stock. The exchange offer, which had been scheduled to end at 5:00 p.m. Eastern Time on May 11, 2026, will now expire at 5:00 p.m. Eastern Time on June 30, 2026, unless further extended by the company.
The extension is intended to give warrant holders more time to evaluate the offer and allow time for conditions to be satisfied, including stockholder approval of an increase in authorized common shares. Warrants already tendered and not withdrawn remain valid, and holders may still tender or withdraw their warrants under the procedures described in the company’s Schedule TO and related materials.
Zoomcar Holdings, Inc. received an Order to Show Cause with a Temporary Restraining Order from the Supreme Court of the State of New York in a case brought by Reimer Family Partnership, L.P. and others. The TRO restricts the company and those acting with it from taking certain actions pending a court hearing scheduled for May 7, 2026. Zoomcar is evaluating the order and its potential impact on its financing transactions, planned corporate actions, operations, and liquidity, and it intends to seek an emergency stay and/or vacatur of the TRO.
Zoomcar Holdings, Inc. has extended the expiration date of its previously announced offer to exchange certain outstanding warrants for common stock. The offer, originally set to end at 5:00 p.m. Eastern Time on April 15, 2026, will now expire at 5:00 p.m. Eastern Time on May 11, 2026, unless further extended. The company states that the extension is intended to give warrant holders more time to consider the offer and to allow for satisfaction of conditions, including stockholder approval of an increase in authorized shares of common stock. Warrants already tendered and not withdrawn remain valid, while other holders can still participate or withdraw tenders before the new expiration.
Zoomcar Holdings, Inc. ended its February warrant exchange offer on March 11, 2026. That offer would have allowed eligible holders of common stock purchase warrants issued under a February 25, 2026 Securities Purchase Agreement to exchange each Warrant for 20,000 shares of common stock.
The company will instead handle these Warrants through its previously launched January exchange offer on Schedule TO. The February Offer is withdrawn, no Warrants are accepted, and no shares are issued. The 493 Warrants that had been validly tendered are being returned, and all Warrants remain outstanding and eligible under the January Offer.
Zoomcar Holdings, Inc. has launched a voluntary exchange offer allowing eligible holders of its outstanding common stock purchase warrants to swap each warrant for 20,000 shares of common stock. Participation is limited to holders of record as of February 26, 2026 who are verified accredited investors.
The new shares will be issued as restricted securities under Section 4(a)(2) and Rule 506(c), with transfer lock-ups on 50% of the shares for 12 months and the remaining 50% for 18 months after the offer expires. The offer runs until 5:00 p.m. Eastern Time on March 31, 2026 and is conditioned, among other things, on stockholder approval to increase authorized common shares.
Zoomcar Holdings, Inc. completed a private placement of 939 common stock purchase warrants, raising aggregate gross proceeds of approximately $939 from verified accredited investors. Each warrant can be exercised for one share of common stock at an initial exercise price of $6,000 per share, subject to adjustment.
The warrants include anti-dilution adjustments for events like stock splits and stock dividends, and impose beneficial ownership limits that generally cap any holder at 4.99% of outstanding common stock, or 9.99% at the holder’s election. The securities were issued under Section 4(a)(2) and Rule 506(c) of Regulation D without the use of a placement agent.
Zoomcar Holdings, Inc. announced a private placement of common stock purchase warrants to verified accredited investors under Section 4(a)(2) and Rule 506(c). Each warrant allows purchase of one common share at an initial exercise price of $6,000 per share, subject to adjustment, and is not registered under U.S. securities laws.
After issuing these warrants, Zoomcar intends to launch an issuer exchange and/or tender offer in which eligible accredited holders may exchange warrants for common stock. The currently anticipated exchange ratio is one share of common stock for each 20,000 warrants, though terms may change before commencement. Any exchanged shares will be restricted and subject to a lock-up, and the private placement and exchange offer are independent of each other.
Zoomcar Holdings, Inc. reported nine‑month revenue of $6.96M, roughly flat with $6.94M a year earlier, while its net loss narrowed to $5.72M from $13.81M. Cost cuts across operations, technology, sales and marketing, and general and administrative expenses drove the smaller loss.
The balance sheet remains highly stressed. As of December 31, 2025, Zoomcar held just $208,175 of cash and cash equivalents, against total liabilities of $30.20M and a stockholders’ deficit of $27.43M. The company reports negative working capital of $28.28M and an accumulated deficit of $338.89M.
Management states there is substantial doubt about Zoomcar’s ability to continue as a going concern without additional funding. The company has filed an S‑1 to raise up to $15M (with no proceeds yet), is pursuing a private bridge financing of $2–5M plus potential overallotment, and is planning an uplist‑related raise of about $20M in calendar 2026, while also issuing promissory and convertible notes, shares and warrants to meet near‑term liquidity needs.
Zoomcar Holdings, Inc. filed an amended report updating details of its warrant exchange offer and concurrent bridge financing. The company is offering to exchange multiple classes of outstanding warrants for common stock at fixed exchange ratios, including 20,000 shares per Common Warrant and 10 shares per other listed warrant types.
Zoomcar also outlines a bridge financing private placement of up to $5,000,000 of units, with a minimum $2,000,000 raise required and an additional $5,000,000 overallotment option available through March 31, 2026. Each $1,000 unit includes one share of Series A convertible preferred stock, initially convertible at $0.05 per common share, and a warrant exercisable at $0.0625 per share.
Unaudited results for the quarter ended September 2025 show total revenue of $2.29 million and a net loss attributable to common stockholders of $0.79 million, compared with a $5.88 million loss in the prior-year period, indicating narrower losses as the business continues to operate with a stockholders’ deficit.