Zoomcar Raises $75,000 in Seventh Private Placement Closing

Bitget2026/10/29 21:39

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Zoomcar Holdings raised approximately $75,000 before fees and expenses in its seventh private placement closing on October 23, 2026.
The 75 Series A units comprised 75 Series A Convertible Preferred Stock shares and Series A warrants covering 1,500,000 common shares.
Preferred shares are convertible into 6,465,450 common shares at $0.0116 each. Warrants carry a $0.0116 exercise price.
The offering targets up to $5 million, with an additional $5 million available through the placement agent's overallotment option.
The offering's termination date was extended to November 16, 2026, with further extensions permitted.

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: 0001213900-26-113911), on October 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Zoomcar Raises $75,000 in Seventh Private Placement Closing

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