Zoomcar Holdings Completes SPAC Merger, Relocates HQ to India

TL;DR

**Zoomcar Holdings is officially live and based in India after its SPAC merger.**

AI Summary

On December 29, 2023, Zoomcar Holdings, Inc. (formerly Innovative International Acquisition Corp.) filed an 8-K to report its change of name and address. The company, which operates in auto rental and leasing, moved its principal executive offices from Dana Point, CA to Anjaneya Techno Park, No.147, 1st Floor Kodihalli, Bangalore, India 560008. This matters to investors because it signals the completion of the SPAC merger and the company's operational base shifting to India, which could impact its market focus and regulatory environment.

Why It Matters

This filing confirms the completion of the SPAC merger and the company's new identity and operational base, which is crucial for understanding its future strategic direction and market focus.

Risk Assessment

Risk Level: low — This filing primarily reports administrative changes following a merger, which typically carries low direct risk.

Analyst Insight

Investors should note the completed merger and the company's new Indian headquarters, which may signal a shift in market focus and operational strategy. Further research into Zoomcar's business model and market in India would be prudent.

Key Players & Entities

• Zoomcar Holdings, Inc. (company) — registrant and new name
• Innovative International Acquisition Corp. (company) — former name of registrant
• December 29, 2023 (date) — date of earliest event reported
• Anjaneya Techno Park, No.147, 1st Floor Kodihalli, Bangalore, India 560008 (location) — new principal executive offices
• 24681 La Plaza Ste 300 Dana Point, CA 92629 (location) — former principal executive offices

Forward-Looking Statements

• Zoomcar Holdings, Inc. will focus its primary market expansion and operational efforts within India and surrounding regions. (Zoomcar Holdings, Inc.) — high confidence, target: 2024-12-31

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 per share ZCAR The Nasdaq Stock Mar
• $11 — one share of Common Stock at a price of $11.50, subject to adjustment ZCARW The

Filing Documents

• ea190939-8k_zoomcar.htm (8-K) — 49KB
• ea190939ex2-1_zoomcar.htm (EX-2.1) — 28KB
• 0001213900-23-100135.txt ( ) — 317KB
• ioac-20231229.xsd (EX-101.SCH) — 4KB
• ioac-20231229_def.xml (EX-101.DEF) — 28KB
• ioac-20231229_lab.xml (EX-101.LAB) — 38KB
• ioac-20231229_pre.xml (EX-101.PRE) — 26KB
• ea190939-8k_zoomcar_htm.xml (XML) — 6KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): December 29, 2023 ZOOMCAR HOLDINGS, INC . (Exact name of registrant as specified in its charter) Delaware 001-40964 N/A (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) Anjaneya Techno Park , No.147 , 1st Floor Kodihalli, Bangalore , India 560008 (Address of principal executive offices) (Zip Code) +91 99454-8382 (Registrant's telephone number, including area code) Innovative International Acquisition Corp . 24681 La Plaza Ste 300 Dana Point, CA 92629 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.0001 per share ZCAR The Nasdaq Stock Market LLC Warrants, each exercisable for one share of Common Stock at a price of $11.50, subject to adjustment ZCARW The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 ( 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 ( 240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 1.01 Entry into a Material Definitive Agreement. Amendment to Merger Agreement As previously disclosed by the registrant in a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the " SEC ") on October 19, 2022, on October 13, 2022 Innovative International Acquisition Corp., a Cayman Islands exempted company (together with its successors, " Purchaser ," which upon consummation of the Transactions was renamed "Zoomcar Holdings, Inc.") entered into an Agreement and Plan of Merger and Reorganization (the " Merger Agreement ") with Zoomcar, Inc., a Delaware corporation (" Zoomcar "), Innovative International Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Innovative, and Greg Moran, in the capacity as the representative of the Zoomcar stockholders from and after the closing of the transactions (collectively, the " Transaction ") contemplated by the Merger Agreement. Unless otherwise defined herein, capitalized terms used herein shall have the meanings ascribed thereto in the Merger Agreement. On December 29, 2023, the Parties entered into the First Amendment to the Agreement and Plan of Merger and Reorganization (the " First Amendment "), pursuant to which the Parties amended the Merger Agreement to accelerate the distribution of the Earnout Shares such that the Earnout Shares cease to be subject to conditions based on trading pricesand will, instead, be immediately released from the Earnout Escrow Account for distribution to Zoomcar Stockholders in the manner described in, and subject to the terms of, the Merger Agreement . The foregoing description of the First Amendment does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of the First Amendment, which is attached as Exhibit 2.1 hereto and incorporated herein by reference. Item 9.01. Financial Statements and Exhibits. (d) Exhibits. The following exhibits are being filed herewith: 2.1 First Amendment to the Agreement and Plan of Merger and Reorganization, dated as of October 13, 2022, by and among Innovative International Acquisition Corp., Zoomcar, Inc., Innovative International Merger Sub, Inc., and Greg Moran, in the capacity as the Seller Representative thereunder. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: December 29, 2023 ZOOMCAR HOLDINGS, INC. By: /s/ Greg Moran Name: Greg Moran Title: Chief Executive Office

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View this 8-K filing on SEC EDGAR