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

ZCAR
  • Zoomcar Holdings, Inc. announced a voluntary offer to exchange outstanding common stock purchase warrants issued on February 25, 2026 for shares of its common stock.
  • The offer applies to eligible accredited investors holding warrants as of February 26, 2026.
  • The exchange ratio is set at 20,000 shares of common stock for each warrant tendered.
  • The purpose of the offer is to simplify the company's capital structure by reducing outstanding warrant instruments.
  • The offer to exchange expires at 5:00 p.m. Eastern Time on March 31, 2026, unless extended.
  • The exchange is subject to conditions including stockholder approval to increase the authorized number of common stock shares.
  • Shares issued in exchange will be restricted securities subject to contractual lock-up restrictions on transfer.
  • Warrants may be withdrawn at any time prior to the expiration of the offer.
  • The offer is made solely pursuant to the Schedule TO filed with the SEC on February 27, 2026.