| Schedule of Shares of Common Stock Outstanding |
The number of shares of common stock outstanding following
the consummation of the Reverse Recapitalization are as follows:
| Particulars | |
March 31,
2024 (After
Second Reverse
Stock Split) | | |
March 31,
2024 (After First Reverse Stock Split) | | |
March 31,
2024 (Prior to Reverse Stock Split) | |
Conversion of Zoomcar, Inc. Common Stock and Preferred Stock outstanding prior to
Reverse Recapitalization | |
| 14,229 | | |
| 273,791 | | |
| 27,327,481 | |
| Common stock – issuance to IOAC shareholders | |
| 4,597 | | |
| 91,924 | | |
| 9,192,377 | |
| Shares issued to Mohan Ananda | |
| 1,370 | | |
| 27,382 | | |
| 2,738,172 | |
| Other vendors | |
| 1,809 | | |
| 36,173 | | |
| 3,617,333 | |
| Total | |
| 22,005 | | |
| 429,270 | | |
| 42,875,363 | |
|
| Schedule of Zoomcar Inc Shares |
The
number of Zoomcar, Inc. shares was determined as follows:
| Particulars | |
Zoomcar, Inc. Shares | | |
Common shares issued to shareholders
of Zoomcar, Inc. (After Second Reverse Stock Split) | | |
Common shares issued to shareholders of Zoomcar, Inc. (After First Reverse Stock Split) | | |
Common shares issued to shareholders of Zoomcar, Inc. (Prior to Reverse Stock Split) | |
| Common shares | |
| 16,987,064 | | |
| 804 | | |
| 5,342 | | |
| 482,681 | |
| Preferred stock | |
| 99,309,415 | | |
| 10,922 | | |
| 218,425 | | |
| 21,842,458 | |
| Redeemable NCI - Shares of Zoomcar India Private Limited | |
| 10,848,308 | | |
| 378 | | |
| 7,542 | | |
| 754,169 | |
| Issue of common shares on conversion of SSCPN | |
| - | | |
| 2,125 | | |
| 42,482 | | |
| 4,248,173 | |
| Total | |
| | | |
| 14,229 | | |
| 273,791 | | |
| 27,327,481 | |
|