Zoomcar Announces Launch of Offer to Exchange Outstanding Warrants for Common Stock and Commences up to $5.0 Million Rule 506(c) Bridge Financing Private Placement

Core Viewpoint - Zoomcar Holdings, Inc. is initiating a voluntary exchange offer for its outstanding warrants in an effort to simplify its capital structure and reduce administrative complexity [4][5] Group 1: Offer to Exchange - The company is offering to exchange various classes of existing warrants for shares of its common stock at specified ratios [3][4] - The exchange is part of a broader strategy to consolidate equity capitalization and reduce the number of outstanding warrant instruments [4] - Holders of existing warrants must tender their warrants according to the procedures outlined in the Schedule TO before the expiration date [6] Group 2: Bridge Financing - The company has launched a bridge financing initiative of up to $5 million, with a minimum offering amount of $2 million, conducted as a private placement [2][9] - The securities in the bridge financing consist of units priced at $1,000 each, including one share of Series A Convertible Preferred Stock and one warrant to purchase common stock [10] - The proceeds from the bridge financing will be used for general corporate purposes, including working capital and funding ongoing operations [12]