Zoomcar (ZCAR) Announces 1:20 Reverse Share Split

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Zoomcar Holdings, Inc. Announces 1-for-20 Reverse Stock Split

March 19, 2025 5:15 PM EDT

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 Companys common stock will begin trading on a split-adjusted basis when the market opens on March 24, 2025. The Companys common stock will continue to... More