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

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

November 06, 2024
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