Zoomcar raises $75,000 in seventh private placement closing
ZCAR•Zoomcar Holdings raised approximately $75,000 before fees and expenses in its seventh private placement closing on October 23, 2026.
1. Placement details
The closing comprised 75 Series A units, each including a Series A convertible preferred stock share and warrants covering 1,500,000 common shares in total. The preferred shares are convertible into 6,465,450 common shares at $0.0116 each, and the warrants have an exercise price of $0.0116. The offering targets up to $5 million, with an additional $5 million available through the placement agent’s overallotment option; its termination date was extended to November 16, 2026, with further extensions permitted.
