Zoomcar sells 662 Series A units in $537,000 private placement second closing

ETF Series Solutions Trust Defiance Vehicle & Technology Innovators ETF

ETF Series Solutions Trust Defiance Vehicle & Technology Innovators ETF

ZCAR

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  • Zoomcar priced a second closing of an unregistered private placement, issuing 662 Series A units for about $537,000 in gross proceeds.
  • Each $1,000 unit includes one Series A Convertible Preferred share, convertible at an initial $0.05 per common share, subject to resets.
  • Units also include one Series A warrant with a $0.06 exercise price, exercisable immediately, expiring in five years.
  • Offering targets up to USD 5 million, with a placement agent overallotment option for up to an additional USD 5 million; scheduled to end June 30, 2026.
  • ThinkEquity to receive a 10% cash fee; issued placement agent warrants for 67 common shares at the second closing.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zoomcar Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-071110), on June 23, 2026, and is solely responsible for the information contained therein.

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