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.

5 months ago
6 Articles