• Zoomcar reached a letter agreement with ACM Zoomcar Convert to address a roughly USD 6 million court judgment, setting a USD 2.5 million cash payment due by Oct. 31, 2026.
• The remaining roughly USD 3.5 million balance would be settled through an equity issuance priced on the terms of the next company financing closed before the cash payment is completed.
• The deal includes a standstill through March 31, 2027, subject to ACM’s right to end it at any time, alongside a confession of judgment and withdrawal of pending appeals.
• Separately, the company entered a confidential settlement of the Reimer Family Partnership lawsuit, agreeing to issue 39,000,000 shares on Jan. 1, 2027, subject to a court order, with total consideration capped at USD 2 million.
• A USD 2.5 million confession of judgment was executed as a backstop for the Reimer settlement obligations, subject to the USD 2 million cap.

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: 0001213900-26-059140), on May 19, 2026, and is solely responsible for the information contained therein.