Zoomcar Announces Launch of Offer to Exchange Outstanding Warrants for Common Stock

Core Viewpoint - Zoomcar Holdings, Inc. has initiated a voluntary offer to exchange outstanding common stock purchase warrants for shares of its common stock, aiming to simplify its capital structure and reduce administrative complexity [1][3]. Offer to Exchange - The exchange offer allows eligible holders of warrants to exchange one warrant for 20,000 shares of common stock, subject to verification as accredited investors [2]. - The offer will expire on March 31, 2026, at 5:00 p.m. Eastern Time, unless extended by the company [4]. Capital Structure Simplification - The company is pursuing this exchange to reduce the number of outstanding warrant instruments and consolidate its equity capitalization, which may lead to lower administrative complexity [3]. Conditions of the Offer - The exchange is contingent upon obtaining stockholder approval for an amendment to increase the number of authorized shares of common stock, which will be sought at the upcoming annual meeting [5]. - Shares issued in exchange for warrants will be restricted securities, subject to lock-up restrictions on transfer [6]. Additional Information - Holders of warrants are encouraged to read the Schedule TO and related materials for important information regarding the exchange offer [7].