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Zoomcar Holdings Finalizes Securities Purchase Agreement

Story Highlights
  • Zoomcar closed a Securities Purchase Agreement with FirstFire for a $220,000 convertible note.
  • The agreement allows prepayment at a discount and includes conversion rights for FirstFire in default cases.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Zoomcar Holdings Finalizes Securities Purchase Agreement

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Zoomcar Holdings ( (ZCAR) ) has provided an update.

On December 10, 2025, Zoomcar Holdings, Inc. finalized a Securities Purchase Agreement with FirstFire Global Opportunities Fund, LLC, involving a private placement offering of a convertible promissory note valued at $220,000 and pre-funded warrants for 1,000,000 shares of common stock. This financial arrangement, which includes a 12% annual interest rate and a 12-month maturity, allows Zoomcar to prepay the note at a discount and provides FirstFire with conversion rights in case of default, potentially impacting the company’s financial obligations and shareholder equity.

The most recent analyst rating on (ZCAR) stock is a Sell with a $0.18 price target. To see the full list of analyst forecasts on Zoomcar Holdings stock, see the ZCAR Stock Forecast page.

Spark’s Take on ZCAR Stock

According to Spark, TipRanks’ AI Analyst, ZCAR is a Underperform.

The overall stock score for Zoomcar Holdings is primarily impacted by its challenging financial performance, characterized by high leverage and negative equity. Technical analysis further indicates bearish momentum, while valuation metrics are concerning with a negative P/E ratio. The absence of earnings call data and corporate events leaves these areas unaddressed.

To see Spark’s full report on ZCAR stock, click here.

More about Zoomcar Holdings

Average Trading Volume: 16,051

Technical Sentiment Signal: Sell

Current Market Cap: $1.08M

For an in-depth examination of ZCAR stock, go to TipRanks’ Overview page.

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