Zoomcar Holdings, Inc. (NASDAQ: ZCAR), a leading self-drive car sharing marketplace, has rescheduled its Annual Meeting of Stockholders to October 1, 2024. Originally planned for September 26, 2024, the virtual meeting will take place at 10:00 AM ET.
Stockholders have been given additional time to vote on various proposals. Eligible stockholders as of July 29, 2024, are encouraged to participate and cast their votes. Zoomcar has provided options for stockholders to vote in advance through www.proxyvote.com or during the meeting via www.virtualshareholdermeeting.com/ZCAR2024 or by phone.
For assistance with voting or meeting inquiries, stockholders can contact the proxy solicitor directly.
Established in 2013 in Bengaluru, India, Zoomcar offers a wide range of cars for rent on its community-driven platform, promoting affordable transportation options and sustainable travel solutions in India.
The press release includes forward-looking statements, cautioning that actual outcomes may differ significantly. The company does not commit to updating forward-looking statements, except as required by law.
InvestingPro Insights
As Zoomcar Holdings, Inc. prepares for its Annual Meeting of Stockholders, investors should consider key financial metrics and insights provided by InvestingPro.
Zoomcar's market capitalization is $10.54 million, with revenue of $9.52 million in the last twelve months as of Q1 2025. Revenue growth has been -4.35% over the same period.
InvestingPro Tips highlight challenges such as operating with a significant debt burden and quickly burning through cash, which may impact voting decisions at the upcoming meeting.
The stock's performance has been concerning, with a price total return of -98.77% over the past year. This aligns with the fact that the stock price has fallen significantly over the last year.
These insights provide valuable context for stockholders as they prepare to vote on the company's proposals. For a deeper analysis, investors can access 12 additional InvestingPro Tips for Zoomcar.
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