Zoomcar advanced its financing plan with a third closing of its private placement of Series A units, raising approximately $195,000. The Securities Purchase Agreement covers 195 Units, with preferred shares convertible at $0.05 and warrants exercisable at $0.0625, each warrant for 20,000 common shares. The company also granted investors registration rights, committing to file a resale registration within 15 days of the closing, and engaged ThinkEquity as exclusive placement agent with a 10% cash fee and 390,000 placement agent warrants. The offering targets up to $5 million plus a $5 million overallotment and is scheduled to terminate on July 30, 2026, unless extended.
Agreement 1: Zoomcar Completes $195K Third Close of Series A Units; $0.05 Convert, $0.0625 Warrants
- Agreement type: Securities Purchase Agreement for private placement of Series A units
- Counterparty: Accredited Investors
- Signed / Effective: Jun 30 2026 / same
- Duration / Termination: Through Jul 30 2026, unless extended
- Reason: Raise capital and enhance liquidity
Agreement 2: Zoomcar Sets 15-Day Resale Registration for Series A Investors
- Agreement type: Registration Rights Agreement for resale registration
- Counterparty: Accredited Investors
- Signed / Effective: Jun 30 2026 / same
- Reason: Provide resale liquidity and investor protections
Agreement 3: Zoomcar Engages ThinkEquity; 10% Fee and 390,000 Placement Agent Warrants Issued
- Agreement type: Placement Agent Agreement for private placement
- Counterparty: ThinkEquity
- Signed / Effective: Jun 30 2026 / same
- Reason: Support offering execution and distribution
Original SEC Filing:
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