Zoomcar Holdings Secures $220,000 Convertible Note Financing from FirstFire Global Opportunities Fund

Reuters12-17

Zoomcar Holdings Secures $220,000 Convertible Note Financing from FirstFire Global Opportunities Fund

Zoomcar Holdings Inc. has entered into a new financing agreement with FirstFire Global Opportunities Fund, LLC. On December 10, 2025, the company closed a private placement offering, issuing a convertible promissory note with an original principal amount of $220,000 and pre-funded warrants to purchase 1,000,000 shares of Zoomcar's common stock. The note was issued at an original issue discount of $20,000, providing Zoomcar with net proceeds of $200,000. The note bears interest at 12% per annum and matures in 12 months, with provisions for scheduled repayments, prepayment at a discount, and a 50% default penalty on the principal in case of default. FirstFire also received piggyback registration rights and the right to benefit from more favorable terms in similar future financings within the next 12 months.

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: 0001213900-25-122278), on December 16, 2025, and is solely responsible for the information contained therein.

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