Zoomcar Holdings, Inc. Files 8-K on Shareholder Vote Matters

TL;DR

Zoomcar Holdings, Inc. is holding a shareholder vote on Oct 8, 2024. Expect corporate changes.

AI Summary

On October 8, 2024, Zoomcar Holdings, Inc. filed an 8-K report detailing the submission of matters to a vote of its security holders. The filing indicates that Zoomcar Holdings, Inc., formerly Innovative International Acquisition Corp., is based in Bangalore, India, and operates in the auto rental and leasing sector.

Why It Matters

This filing signals that Zoomcar Holdings, Inc. is engaging in corporate actions requiring shareholder approval, which could impact the company's future direction and shareholder rights.

Risk Assessment

Risk Level: medium — Filings related to shareholder votes can indicate significant corporate actions or potential changes that may affect the company's stock performance.

Key Players & Entities

• Zoomcar Holdings, Inc. (company) — Registrant
• Innovative International Acquisition Corp. (company) — Former company name
• October 8, 2024 (date) — Date of earliest event reported
• October 15, 2024 (date) — Filing date

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 per share ZCAR The Nasdaq Stock Mar
• $5 — one share of Common Stock at a price of $5.71, subject to adjustment ZCARW The
• $0.1416 — n stock at an initial exercise price of $0.1416 per share (subject to adjustment as des

Filing Documents

• ea0217322-8k_zoomcar.htm (8-K) — 43KB
• 0001213900-24-087431.txt ( ) — 262KB
• zcar-20241008.xsd (EX-101.SCH) — 4KB
• zcar-20241008_def.xml (EX-101.DEF) — 26KB
• zcar-20241008_lab.xml (EX-101.LAB) — 36KB
• zcar-20241008_pre.xml (EX-101.PRE) — 25KB
• ea0217322-8k_zoomcar_htm.xml (XML) — 6KB

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders On October 8, 2024, Zoomcar Holdings, Inc. (the " Company ") held its annual meeting of stockholders (the " Annual Meeting "), which was adjourned from its original date of September 26, 2024 to October 1, 2024, further adjourned to October 4, 2024, and further adjourned to 1:00 pm ET on October 8, 2024, at which time the it began, was postponed, and then reconvened at 4:00 pm ET on October 8, 2024, as a result of the failure to obtain a quorum for purposes of conducting the Annual Meeting, until the last date and time mentioned. As of the record date of July 29, 2024, 75,200,131 shares of the Company's common stock were issued and outstanding and eligible to vote. At the Annual Meeting, a quorum of 37,836,255 shares, or approximately 50.31% of the eligible shares, was present or represented by proxy. Each of the matters set forth below is described in detail in the proxy statement (the " Proxy Statement ") filed with the Securities and Exchange Commission on September 3, 2024. The following actions were taken at the Annual Meeting: Proposal No. 1: Election of Two Class I Directors The first proposal was the election of two (2) Class I directors, each to serve on the Company's board of directors (the " Board ") for a three-year term that expires at the 2027 annual meeting of stockholders, or until their successors are elected and qualified. The vote on the proposal was as follows: Name of Nominee FOR WITHHELD BROKER NON-VOTES Swatick Majumdar 29,270,243 4,528,054 4,037,958 John Clarke 29,643,110 4,155,187 4,037,958 Each nominee was elected. Proposal No. 2: Approval of Reverse Stock Split The second proposal was the approval of an amendment to the Company's Amended and Restated Certificate of Incorporation to effect a reverse stock split of its outstanding shares of common stock at a ratio of between one-for-fifty and one-for-one hundred and fifty, with such ratio to be determined

View Full Filing

View this 8-K filing on SEC EDGAR