Investcorp India Acquisition Corp. Files 10-Q

TL;DR

Investcorp India Acquisition Corp. 10-Q filed. Warrant liabilities changed. Check financials.

AI Summary

Investcorp India Acquisition Corp. filed its 10-Q for the period ending March 31, 2024. The company's financial statements reflect changes in fair value of warrant liabilities. Specific financial figures and operational details are not extensively detailed in the provided header information.

Why It Matters

This filing provides an update on Investcorp India Acquisition Corp.'s financial status and operational activities for the first quarter of 2024, which is crucial for investors tracking the company's performance.

Risk Assessment

Risk Level: low — The provided text is a standard 10-Q filing header and does not contain significant new risk disclosures.

Key Numbers

• 2024-03-31 — Reporting Period End Date (Indicates the end of the fiscal quarter for which the report is filed.)
• 2024-05-17 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Investcorp India Acquisition Corp. (company) — Filer of the 10-Q
• 20240331 (date) — End of reporting period
• 20240517 (date) — Filing date
• 001-41383 (dollar_amount) — SEC File Number

FAQ

Key Financial Figures

• $0.0001 — LC Class A ordinary shares, par value $0.0001 per share IVCA The Nasdaq Stock Mar
• $11.50 — ary share, each at an exercise price of $11.50 per share IVCAW The Nasdaq Stock Ma
• $0 — ,446 Class A ordinary shares, par value $0.0001, and 6,468,750 of the registrant's

Filing Documents

• d765128d10q.htm (10-Q) — 555KB
• d765128dex311.htm (EX-31.1) — 8KB
• d765128dex312.htm (EX-31.2) — 8KB
• d765128dex321.htm (EX-32.1) — 4KB
• d765128dex322.htm (EX-32.2) — 4KB
• 0001193125-24-141784.txt ( ) — 3592KB
• ivca-20240331.xsd (EX-101.SCH) — 38KB
• ivca-20240331_cal.xml (EX-101.CAL) — 19KB
• ivca-20240331_def.xml (EX-101.DEF) — 224KB
• ivca-20240331_lab.xml (EX-101.LAB) — 264KB
• ivca-20240331_pre.xml (EX-101.PRE) — 261KB
• d765128d10q_htm.xml (XML) — 433KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements 1 Condensed Balance Sheets as of March 31, 2024 (Unaudited) and December 31, 2023 1 Condensed Statements of Operations for the three months ended March 31, 2024 (Unaudited) and March 31, 2023 (Unaudited) 2 Condensed Statements of Changes in Stockholders' Deficit for the three months ended March 31, 2024 (Unaudited) and March 31, 2024 (Unaudited) 3 Condensed Statements of Cash Flows for the three months ended March 31, 2024 (Unaudited) and March 31, 2023 (Unaudited) 4 Notes to Condensed Financial Statements (Unaudited) 5 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 1 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 7 Item 4.

Controls and Procedures

Controls and Procedures 7

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 9 Item 1A.

Risk Factors

Risk Factors 9 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds from Registered Securities 9 Item 3. Defaults Upon Senior Securities 24 Item 4. Mine Safety Disclosures 9 Item 5. Other Information 10 Item 6. Exhibits 11 Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION ITEM1. FINANCIAL STATEMENTS. INVESTCORP INDIA ACQUISITION CORP CONDENSED BALANCE SHEETS March 31, 2024 (Unaudited) December 31, 2023 ASSETS Current Assets Cash $ 95,183 $ 276,777 Other assets – current 66,910 192,366 Total current assets 162,093 469,143 Other assets – non-current — — Cash and securities held in Trust Account 109,731,142 108,031,746 Total Assets $ 109,893,235 $ 108,500,889 LIABILITIES, REDEEMABLE ORDINARY SHARES AND SHAREHOLDERS' DEFICIT Current Liabilities Accrued expenses $ 617,868 $ 631,810 Working Capital Loan - Sponsor 300,000 300,000 Convertible Promissory Note - Sponsor 800,000 500,000 Due to Sponsor 132,844 231,834 Total current liabilities 1,850,712 1,663,644 Warrant liability 1,741,500 870,751 Total Liabilities 3,592,212 2,534,395 Commitments and Contingencies (Note 6) Class A ordinary shares: 9,789,446 and 9,789,446 shares subject to possible redemption at March 31, 2024 and December 31, 2023, respectively 109,731,142 108,031,746 Shareholders' Deficit Preference shares, $ 0.0001 par value; 1,000,000 shares authorized; no ne outstanding — — Class A ordinary shares, $ 0.0001 par value; 479,000,000 shares authorized; no ne issued or outstanding — — Class B ordinary shares, $ 0.0001 par value; 20,000,000 shares authorized; 6,468,750 shares issued and outstanding 647 647 Additional paid in capital — — Accumulated deficit ( 3,430,766 ) ( 2,065,899 ) Total Shareholders' Deficit ( 3,430,119 ) ( 2,065,252 ) Total Liabilities and Shareholders' Deficit $ 109,893,235 $ 108,500,889 The accompanying notes are an integral part of the unaudited condensed financial statements 1 Table of Contents INVESTCORP INDIA ACQUISITION CORP CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) For the Three Months Ended March 31, 2024 For the Three Months Ended March 31, 2023 Formation costs and ope

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