Zoomcar holdings, inc. announces 1-for-20 reverse stock split

Bangalore, india, march 19, 2025 (globe newswire) -- zoomcar holdings, inc. (nasdaq: zcar) (“zoomcar” or the “company”),  a nasdaq-listed leading marketplace for self-drive car sharing, announced today that it will effect a reverse stock split of its issued and outstanding shares of common stock, par value $0.0001 per share, at a ratio of 1-for-20. the reverse stock split will become effective at 4:30 p.m. eastern time on march 21, 2025, and the company's common stock will begin trading on a split-adjusted basis when the market opens on march 24, 2025. the company's common stock will continue to trade on the nasdaq global market (“nasdaq”) under the symbol “zcar.” the new cusip number for the company's common stock following the reverse stock split will be 45784g309.
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