Corporate ActionJun 26, 2026, 04:17 PM
Zoomcar Closes Second Tranche of Series A Private Placement for $537K
AI Summary
Zoomcar Holdings, Inc. completed the second closing of its Series A private placement on June 18, 2026. The company issued 537 Series A Units, each priced at $1,000, generating approximately $537,000 in gross proceeds. Each Unit comprises one Series A Convertible Preferred Stock and one Series A Warrant to purchase common stock. The offering aims to raise up to $5,000,000, with an additional $5,000,000 overallotment option, and is set to conclude by July 30, 2026.
Key Highlights
- Completed second closing of Series A private placement on June 18, 2026.
- Issued 537 Series A Units, raising approximately $537,000 gross proceeds.
- Each Unit consists of one Preferred Share and one Series A Warrant.
- Warrants allow purchase of up to 10,740,000 Common Stock shares.
- Preferred Shares convertible at $0.05; Warrants exercisable at $0.0625.
- Offering targets up to $5,000,000, with $5,000,000 overallotment option.
- Placement agent, ThinkEquity LLC, receives 10% cash fee and warrants.
- Offering scheduled to terminate on July 30, 2026.
Price Impact
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