Zoomcar settles $6M judgment with $2.5M cash payment plus equity conversion

Zoomcar agreed to pay ACM Zoomcar Convert LLC $2.5 million by October 31, 2026, with the remaining ~$3.5 million judgment balance satisfied through equity issuance on terms matching future financing rounds. The agreement includes a standstill period through March 31, 2027, and requires Zoomcar to allocate at least 10% of capital raises to ACM.