Zoomcar Holdings 8-K: Corporate Event on Jan 8, Name Change Noted

TL;DR

**Zoomcar Holdings filed an 8-K on Jan 12 for a Jan 8 event, signaling a corporate change.**

AI Summary

Zoomcar Holdings, Inc. (formerly Innovative International Acquisition Corp.) filed an 8-K on January 12, 2024, reporting an event that occurred on January 8, 2024. This filing indicates a change in the company's name and potentially other corporate actions related to its common stock and warrants. For investors, this matters because it confirms the completion of a significant corporate restructuring or merger, which can impact the company's operational focus, financial stability, and future growth prospects, potentially leading to stock price volatility.

Why It Matters

This filing signals a corporate event, likely a merger or acquisition, which can significantly alter Zoomcar's business model and financial outlook. Investors should monitor subsequent filings for details on new management, strategic direction, and financial performance.

Risk Assessment

Risk Level: medium — Corporate events like name changes often accompany significant business transitions, which carry inherent risks and opportunities that require careful investor evaluation.

Analyst Insight

Investors should look for subsequent filings (e.g., 10-K, 10-Q, or another 8-K) that provide specific details about the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits' mentioned, as these will clarify the impact of the January 8, 2024 event on the company's leadership and financial structure.

Key Numbers

• $0.0001 — Common Stock Par Value (Par value per share of Zoomcar Holdings, Inc. common stock.)
• $11.50 — Warrant Exercise Price (The price at which each warrant is exercisable for one share of common stock.)

Key Players & Entities

• Zoomcar Holdings, Inc. (company) — registrant, formerly Innovative International Acquisition Corp.
• Innovative International Acquisition Corp. (company) — former name of the registrant
• January 8, 2024 (date) — date of the earliest event reported
• January 12, 2024 (date) — date of filing the 8-K
• $0.0001 (dollar_amount) — par value per share of common stock
• $11.50 (dollar_amount) — exercise price for warrants

Forward-Looking Statements

• Zoomcar Holdings, Inc. will provide more specific details about the corporate event that occurred on January 8, 2024, in a subsequent filing. (Zoomcar Holdings, Inc.) — high confidence, target: Q1 2024
• The stock price of ZCAR may experience volatility as investors digest the implications of the corporate event. (ZCAR) — medium confidence, target: Q1 2024

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
• $400,000 — Menon will earn a base salary equal to $400,000 per year. Mr. Menon will be eligible fo
• $20,000 — ligible for a one-time signing bonus of $20,000. Subject to the approval of the Compa
• $500 m — market capitalization of the Company of $500 million, $750 million and $1 billion, res
• $750 million — ization of the Company of $500 million, $750 million and $1 billion, respectively. 1 Mr.
• $1 b — mpany of $500 million, $750 million and $1 billion, respectively. 1 Mr. Menon wil

Filing Documents

• ea191512-8k_zoomcar.htm (8-K) — 43KB
• ea191512ex10-1_zoomcar.htm (EX-10.1) — 67KB
• ea191512ex99-1_zoomcar.htm (EX-99.1) — 6KB
• ex10-1_001.jpg (GRAPHIC) — 7KB
• ex10-1_002.jpg (GRAPHIC) — 5KB
• ex99-1_001.jpg (GRAPHIC) — 3KB
• 0001213900-24-003117.txt ( ) — 376KB
• zcar-20240108.xsd (EX-101.SCH) — 4KB
• zcar-20240108_def.xml (EX-101.DEF) — 26KB
• zcar-20240108_lab.xml (EX-101.LAB) — 36KB
• zcar-20240108_pre.xml (EX-101.PRE) — 25KB
• ea191512-8k_zoomcar_htm.xml (XML) — 6KB

02 Departure of Directors or Certain Officers; Election of

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of Adarsh Menon as President Effective January 8, 2024, Zoomcar Holdings, Inc. (the " Company ") appointed Adarsh Menon as the President of the Company and as President of Zoomcar India Private Limited, an Indian limited company and majority-owned subsidiary of the Company (" Zoomcar India "). Mr. Menon, 44, is a seasoned industry leader with over 22 years of experience. He is joining the Company after eight and a half years at Flipkart India Private Limited, a company incorporated in Singapore (" Flipkart "), an Indian e-commerce company, where he served in various roles, including Vice President, Senior Vice President and Head of various departments from March 2015 to September 2023. Most recently, Mr. Menon headed Flipkart's new and high-growth mandate comprised of independent diverse businesses newly acquired or launched by Flipkart, including ClearTrip (a travel e-commerce company), Shopsy (a hyper-value e-commerce company) and ReCommerce (a used goods e-commerce company). Prior to Flipkart, Mr. Menon served as General Manager, West India of Hindustan Unilever Limited (NSE: HINDUNILVR), an Indian consumer goods company, for 12 years. Mr. Menon has a strong track record of leading businesses in various life stages. He has extensive experience in scaling multi-billion dollar businesses by building strong revenue moats, profit pools, alliances, as well as leading mergers and acquisition transactions, including the acquisition by Flipkart of Walmart India & Yaantra, an electronics recommerce company. He has built and led large, high-performing, engaged and agile cross-functional teams and has partnered with several industry leaders, including Ms. Deepika Bhan (President, Packaged Foods, Tata Consumer Products (NSE: TATCONSUM)), Mr. Rakesh Krishnan (Vice President & Head of Marketplace, Flipkart

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (c) Exhibits EXHIBIT INDEX Exhibit Number Description 10.1 Employment Agreement, dated as of January 8, 2024, by and between Zoomcar India Private Limited and Adarsh Menon. 99.1 Press Release dated January 11, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2 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: January 12, 2024 Zoomcar Holdings, Inc. By: /s/ Greg Moran Name: Greg Moran Title: Chief Executive Officer and Director 3

View Full Filing

View this 8-K filing on SEC EDGAR