Zoomcar Holdings Inc. Closes Private Placement Offering with Convertible Bridge Notes Worth $402,000 and $111,760

Reuters07-01

Zoomcar Holdings Inc. Closes Private Placement Offering with Convertible Bridge Notes Worth $402,000 and $111,760

On June 24, 2025, Zoomcar Holdings Inc. entered into Securities Purchase Agreements with 1800 Diagonal Lending LLC and Boot Capital LLC for a private placement of convertible bridge notes totaling $402,000 and $111,760, respectively. In case of default, obligations may be converted into shares of Zoomcar's common stock at a 25% discount to the market price. The agreements were executed under exemptions from registration as private offerings. The exact number of shares and specific prices are not disclosed in the document.

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: 0001213900-25-059741), on June 30, 2025, and is solely responsible for the information contained therein.

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Closes Private Placement Offering with Convertible Bridge Notes Worth $402,000 and $111,760\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-07-01 05:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Zoomcar Holdings Inc. 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