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8-K: Current report

8-K: Current report

8-K:重大事件
美股SEC公告 ·  2024/06/21 21:11

Moomoo AI 已提取核心訊息

Zoomcar Holdings secured $3M through the issuance of $3.6M in notes and warrants for 52,966,102 shares. The 9-month notes carry a 15% interest rate, with proceeds earmarked for repayment upon future capital raises. Warrants are exercisable at $0.1416 per share, subject to anti-dilution protections and stockholder approval.CEO Greg Moran was terminated on June 20, 2024, with COO Hiroshi Nishijima appointed as interim CEO. The board saw changes with Graham Gullans resigning and John Clarke and Mark Bailey joining as independent directors. These appointments were made in accordance with an arrangement with placement agent Aegis Capital Corp.The company expects to have $1.7M in cash post-offering, sufficient to operate through November 2024 without debt payments. However, Zoomcar urgently needs to raise additional capital, having lost support from its largest investor. A non-binding engagement with Aegis to explore follow-on financing has been initiated.
Zoomcar Holdings secured $3M through the issuance of $3.6M in notes and warrants for 52,966,102 shares. The 9-month notes carry a 15% interest rate, with proceeds earmarked for repayment upon future capital raises. Warrants are exercisable at $0.1416 per share, subject to anti-dilution protections and stockholder approval.CEO Greg Moran was terminated on June 20, 2024, with COO Hiroshi Nishijima appointed as interim CEO. The board saw changes with Graham Gullans resigning and John Clarke and Mark Bailey joining as independent directors. These appointments were made in accordance with an arrangement with placement agent Aegis Capital Corp.The company expects to have $1.7M in cash post-offering, sufficient to operate through November 2024 without debt payments. However, Zoomcar urgently needs to raise additional capital, having lost support from its largest investor. A non-binding engagement with Aegis to explore follow-on financing has been initiated.
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