Zoomcar Holdings Launches $5 Million Private Placement for Accredited Investors

Reuters01-24 06:49
Zoomcar Holdings Launches $5 Million Private Placement for Accredited Investors

Zoomcar Holdings Inc. has announced the commencement of a bridge financing of up to $5 million through a private placement, conducted pursuant to Rule 506(c) of Regulation D under the Securities Act of 1933. The offering, which requires a minimum investment of $2 million, is available exclusively to verified accredited investors. The securities offered in the bridge financing have not been registered under the Securities Act or any state securities laws and may only be offered or sold via applicable exemptions from registration. ThinkEquity LLC is acting as the exclusive placement agent for the transaction.

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