tiprankstipranks
Company Announcements

Zoomcar Holdings Raises $1.44M in Second Closing

Story Highlights
Zoomcar Holdings Raises $1.44M in Second Closing

Discover the Best Stocks and Maximize Your Portfolio:

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

Zoomcar Holdings, Inc. completed the first closing of its private placement offering on December 25, 2024, securing $5.48 million in gross proceeds. The second closing, held on February 4, 2025, raised approximately $1.44 million, with net proceeds of around $1.25 million after expenses. As part of the offering, the company issued common stock, pre-funded warrants, and series A and B warrants. In connection with the offering, Aegis Capital Corp. acted as the placement agent, receiving fees and warrants for their services. Additionally, a settlement agreement was reached with Randall Yanker, resulting in the issuance of shares and warrants.

More about Zoomcar Holdings

YTD Price Performance: -42.86%

Average Trading Volume: 1,926,223

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $7.31M

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

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1