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flag Zoomcar Holdings is raising $9.15 million in a private placement to repay debt and fund operations.

flag Zoomcar Holdings, Inc. is raising $9.15 million through a private placement with institutional investors. flag The funds will be used to repay $3.6 million in debt and for general corporate needs. flag The offering involves 2,137,850 units at $4.28 each, including common stock and warrants. flag Expected to close around November 6, 2024, the placement is facilitated by Aegis Capital and the securities are exempt from certain registration requirements.

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