Zoomcar Holdings Finalizes Securities Purchase Agreement
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Zoomcar Holdings finalized a Securities Purchase Agreement with FirstFire Global Opportunities Fund, involving a $220,000 convertible promissory note and pre-funded warrants for 1,000,000 shares. The note has a 12% interest rate and 12-month maturity, allowing prepayment at a discount. Analysts rate ZCAR stock as a Sell with a $0.18 target, citing high leverage and negative equity. Technical analysis shows bearish momentum and a negative P/E ratio, with no earnings call data available.
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