Financing ·
Zoomcar Holdings Inc. closed the fifth tranche of its private placement of Series A units on August 31, 2026, and…
ZCARZoomcar Holdings, Inc.
Zoomcar Holdings Inc. closed the fifth tranche of its private placement of Series A units on August 31, 2026, and September 4, 2026. The company issued 80 units at $1,000 each for aggregate consideration of approximately $80,000. This included $60,000 in non-cash satisfaction of accrued obligations to investors and $20,000 in cash proceeds from one accredited investor. Each unit comprises one share of Series A Convertible Preferred Stock with a stated value of $1,000 and initial conversion price of $0.05 per common share, plus a warrant to purchase 20,000 shares at an exercise price of $0.0625. The offering allows for up to $10 million in total sales and was extended to September 20, 2026. Zoomcar Holdings operates in the mobility and transportation technology sector.