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Zoomcar Holdings, Inc. 8-K Report: Key Financial Insights from January 2025

$ZCAR
Form 8-K
Filed on: 2025-01-10
Source
Zoomcar Holdings, Inc. 8-K Report: Key Financial Insights from January 2025

Based on the provided financial report excerpt, here are the key insights:

  1. Entity Information:
  • Company Name: Zoomcar Holdings, Inc.
  • CIK (Central Index Key): 0001854275
  • Exchange: NASDAQ
  • Address: Anjaneya Techno Park, No. 147, 1st Floor, Bangalore, IN 560008
  • Contact Number: +91 8048821871
  1. Report Type and Date:
  • Filing Type: 8-K (Current Report)
  • Filing Date: January 6, 2025
  1. Stock Information:
  • Common Stock:
    • Par Value: $0.0001 per share
    • Ticker Symbol: ZCAR
  • Warrants:
    • Description: Each warrant is exercisable for one share of common stock.
    • Exercise Price: $571, subject to adjustments.
    • Ticker Symbol for Warrants: ZCARW
  1. Key Contextual Information:
  • The report mentions specific dates for the context of the financial data, both starting and ending on January 6, 2025.
  • The data is reported in US Dollars (USD) and shares.
  1. Financial Reporting Structure:
  • The report utilizes XBRL (eXtensible Business Reporting Language) for structured financial data, which indicates compliance with SEC reporting standards.

Insights:

  • Zoomcar Holdings, Inc. is actively reporting to the SEC and is publicly traded on NASDAQ, highlighting its status as a publicly accountable entity.
  • The presence of warrants indicates potential future dilution of shares, as these financial instruments can convert into common stock at a specified price.
  • The low par value of the common stock may suggest a strategy focused on growth and raising capital without significant upfront equity cost.
  • The detailed breakdown of financial instruments (common stock and warrants) suggests a structured approach to financing, likely aimed at attracting investors with varied risk appetites.

Overall, this financial report excerpt provides essential insights into the company's capital structure and its obligations to shareholders, particularly regarding the warrants.