{"id":2870,"date":"2026-09-01T12:21:57","date_gmt":"2026-09-01T12:21:57","guid":{"rendered":"https:\/\/press.zoomcar.com\/?p=2870"},"modified":"2026-09-01T12:21:57","modified_gmt":"2026-09-01T12:21:57","slug":"zoomcar-completes-warrant-exchange-offer-retiring-approximately-63-of-its-outstanding-warrants","status":"publish","type":"post","link":"https:\/\/press.zoomcar.com\/in\/zoomcar-completes-warrant-exchange-offer-retiring-approximately-63-of-its-outstanding-warrants\/","title":{"rendered":"Zoomcar Completes Warrant Exchange Offer, Retiring Approximately 63% of Its Outstanding Warrants"},"content":{"rendered":"

Approximately 6.03 million Existing Warrants exchanged for approximately 317.7 million shares of Common\u00a0 Stock; all participating holders subject to lock-ups of twelve to eighteen months\u00a0<\/span><\/p>\n

Bengaluru, India, August 31, 2026 \/PRNewswire\/ — Zoomcar Holdings, Inc. (OTCQB: ZCAR) (the “Company”),\u00a0 the leading peer-to-peer self-drive car-sharing marketplace in India, today announced the completion of its\u00a0 previously announced offer to exchange certain outstanding warrants for shares of its common stock, par value\u00a0 $0.0001 per share (“Common Stock”) (the “Offer to Exchange”). Holders of approximately 63% of the Existing\u00a0 Warrants outstanding immediately prior to expiration chose to participate, and those warrants will be retired.\u00a0<\/span><\/p>\n

The Offer to Exchange commenced on January 23, 2026 and expired at 5:00 p.m., Eastern Time, on August 14,\u00a0 2026 (the “Expiration Date”). Vinyl Equity, Inc., the exchange agent for the Offer to Exchange, certified that 832\u00a0 letters of transmittal representing 6,029,194 Existing Warrants were validly tendered and not withdrawn as of\u00a0 the Expiration Date. The Company accepted all of them for exchange and will issue an aggregate of 317,683,180\u00a0 shares of Common Stock in accordance with the exchange ratios described in the Offer to Exchange.\u00a0<\/span><\/p>\n

Results by Warrant Class\u00a0<\/span>
\n<\/span><\/p>\n

Class of Warrant Number Tendered and <\/span>\u00a0<\/span>Accepted<\/span>\u00a0<\/span><\/p>\n

Shares of Common Stock <\/span>\u00a0<\/span>Issuable<\/span>\u00a0<\/span><\/p>\n

Common Warrants & 2026 Common\u00a0 Warrants\u00a0<\/span><\/p>\n

12,876 257,520,000\u00a0<\/span>
\n<\/span><\/p>\n

Series A Warrants 1,000,417 10,004,170 Series B Warrants 198,326 1,983,260 Pre-Funded Warrants 4,651,938 46,519,380 Bridge Placement Agent Warrants 5,297 52,970 Placement Agent Warrants (1) 160,340 1,603,400 <\/span>Total 6,029,194<\/span> 317,683,180<\/span>\u00a0<\/span><\/p>\n

(1) Includes the entire outstanding amount of (i) 53,447 Placement Agent Common Stock Purchase Warrants issued to the placement\u00a0 agent in connection with the Company\u2019s private placement dated November 5, 2024 (the “Placement Agent Warrants”) and (ii) 106,893\u00a0 Series A Placement Agent Warrants issued to the placement agent in connection with the same private placement (the “Series A\u00a0 Placement Agent Warrants”).\u00a0<\/span><\/p>\n

Settlement, Lock-Ups and Untendered Warrants\u00a0<\/span><\/p>\n

Warrants accepted for exchange will be retired and canceled upon issuance of the corresponding shares. As of\u00a0 the date of this press release, no shares of Common Stock have been issued pursuant to the Offer to Exchange;\u00a0 settlement is expected to occur on or about [DATE].<\/span><\/p>\n

As a condition to receiving shares, each participating holder executed a lock-up agreement in favor of the\u00a0 Company restricting transfer of the shares received for a period of twelve to eighteen months following the\u00a0 Expiration Date, as described in the Offer to Exchange. Existing Warrants that were not tendered remain\u00a0 outstanding in accordance with their original terms.\u00a0<\/span><\/p>\n

Securities Act Status\u00a0<\/span><\/p>\n

This press release is for informational purposes only. The Offer to Exchange has expired. The shares of Common\u00a0 Stock issuable in the Offer to Exchange have not been registered under the Securities Act of 1933, as amended,\u00a0 and will be issued as restricted securities in reliance on the exemption from registration provided by Section\u00a0 3(a)(9) thereof.\u00a0<\/span><\/p>\n

About Zoomcar\u00a0<\/span><\/p>\n

Founded in 2013, Zoomcar (OTCQB: ZCAR) is India\u2019s leading peer-to-peer car-sharing marketplace, connecting\u00a0 vehicle owners (“Hosts”) with customers (“Guests”) seeking flexible and affordable mobility solutions. Zoomcar\u00a0 operates an asset-light platform model and serves millions of users across India.\u00a0<\/span><\/p>\n

Forward-Looking Statements\u00a0<\/span><\/p>\n

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation\u00a0 Reform Act of 1995, including statements regarding the effects of the completed Offer to Exchange on the\u00a0 Company\u2019s capital structure, warrant overhang, and financing and capital markets objectives. These statements\u00a0 are based on management\u2019s current expectations and are subject to risks and uncertainties that could cause\u00a0 actual results to differ materially, including the risks described in the Company\u2019s filings with the SEC. Except as\u00a0 required by law, the Company undertakes no obligation to update any forward-looking statements.\u00a0<\/span><\/p>\n

SOURCE Zoomcar<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Approximately 6.03 million Existing Warrants exchanged for approximately 317.7 million shares of Common\u00a0 Stock; all participating holders subject to lock-ups of twelve to eighteen months\u00a0 Bengaluru, India, August 31, 2026 \/PRNewswire\/ — Zoomcar Holdings, Inc. (OTCQB: ZCAR) (the “Company”),\u00a0 the … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":11,"featured_media":2203,"comment_status":"open","ping_status":"open","sticky":false,"template":"single-blog.php","format":"standard","meta":{"_mbp_gutenberg_autopost":false,"footnotes":""},"categories":[585,594],"tags":[],"language_code":[],"yoast_head":"\nZoomcar Completes Warrant Exchange Offer, Retiring Approximately 63% of Its Outstanding Warrants -<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zoomcar Completes Warrant Exchange Offer, Retiring Approximately 63% of Its Outstanding Warrants -\" \/>\n<meta property=\"og:description\" content=\"Approximately 6.03 million Existing Warrants exchanged for approximately 317.7 million shares of Common\u00a0 Stock; all participating holders subject to lock-ups of twelve to eighteen months\u00a0 Bengaluru, India, August 31, 2026 \/PRNewswire\/ — Zoomcar Holdings, Inc. 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