Zoomcar prices sixth private placement closing at $155,000 gross proceeds - ZCAR News | RalliesZoomcar prices sixth private placement closing at $155,000 gross proceeds
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ZCAR• Sixth private placement closing priced
- Zoomcar entered a securities purchase agreement on Sept. 11, 2026 for a sixth closing of a private placement.
- The company issued 156 Series A units at $1,000 each for about $155,000 in gross proceeds.
- Each unit includes one Series A Convertible Preferred share, convertible at an initial $0.05 per common share, subject to adjustments.
- Units also include a Series A warrant for 20,000 common shares at a $0.06 exercise price, expiring in five years.
- The offering targets up to $5 million, with an additional $5 million overallotment option, and is scheduled to end Oct. 9, 2026.
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