Recent Updates — ZCAR
Zoomcar Holdings raised approximately $75,000 from the sale of 75 Series A Units at a purchase price of $1,000 per unit during its seventh private placement closing on October 23, 2026. Each Unit consists of one share of Series A Convertible Preferred Stock and one warrant to purchase 20,000 shares of common stock. Concurrently, the conversion price for the preferred stock reset from $0.05 to $0.0116 per share due to anti-dilution provisions triggered by prior conversions, increasing convertible shares to 86,206 per preferred share and creating substantial dilution. The company also received a notice from OTC Markets regarding public float non-compliance but has been granted a cure period through December 21, 2026. Zoomcar Holdings operates in the mobility sector, providing on-demand car rental and ride-hailing services.
On October 8, 2026, Zoomcar Holdings extended the scheduled termination date of its ongoing offering and corresponding Securities Purchase Agreements with investors. The deadline for closing the bridge financing has been pushed back from October 9, 2026 to November 16, 2026, in agreement with the placement agent. The company retains the right to further extend this date under the terms of the agreements. This extension provides additional time to finalize the capital raise but introduces uncertainty regarding the timing and completion of the transaction. Zoomcar Holdings operates in the mobility and transportation sector.
On September 11, 2026, Zoomcar Holdings, Inc. closed the sixth tranche of its private placement of Series A units to accredited investors, raising approximately $155,000 in gross proceeds before fees and expenses. The company issued 156 units, each comprising one share of Series A Convertible Preferred Stock with a stated value of $1,000 and one warrant exercisable for 20,000 shares of common stock at an exercise price of $0.0625 per share. The preferred shares convert into common stock at an initial conversion price of $0.05 per share. ThinkEquity LLC acted as the exclusive placement agent, receiving a 10% cash fee and warrants to purchase up to 312,000 shares. The offering, capped at $10 million total including an overallotment option, was extended to terminate on October 9, 2026. Zoomcar Holdings operates in the mobility and transportation technology sector.
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.
Zoomcar Holdings completed an offer to exchange certain outstanding warrants for shares of common stock under Section 3(a)(9) of the Securities Act. The offer expired on August 14, 2026, with 6,029,194 Existing Warrants validly tendered by 832 holders, representing approximately 63% of outstanding warrants. In exchange, Zoomcar will issue an aggregate of 317,683,180 shares of restricted Common Stock. No cash consideration was paid in the transaction. Tendering holders executed lock-up agreements restricting transfer of 50% of received shares for twelve months and the remaining 50% for eighteen months. All accepted warrants will be retired and canceled upon issuance. Zoomcar operates a peer-to-peer self-drive car-sharing marketplace in India.
Zoomcar Holdings, Inc. reported the results of its August 11, 2026 Annual Meeting and a July 27, 2026 private placement closing. Stockholders approved an increase in authorized common shares from 250 million to 1.99 billion, effective August 13, 2026. They also approved a reverse stock split authorization with a ratio between one-for-two and one-for-eight hundred, subject to Board discretion, and granted 1 million restricted shares to Chairman Uri Levine as an inducement grant. Additionally, the company closed its fourth tranche of Series A units for $498,000 in non-cash consideration, satisfying accrued obligations. The filing also notes the extension of the private placement termination date to September 4, 2026. Zoomcar operates a peer-to-peer car-sharing marketplace in India.