Zoomcar Holdings, Inc. Files 8-K: Board and Officer Changes
Ticker: ZCARW · Form: 8-K · Filed: Jan 10, 2025 · CIK: 1854275
| Field | Detail |
|---|---|
| Company | Zoomcar Holdings, Inc. (ZCARW) |
| Form Type | 8-K |
| Filed Date | Jan 10, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $571 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, corporate-governance, filing
Related Tickers: ZCAR
TL;DR
Zoomcar Holdings (ZCAR) filed an 8-K on Jan 6, 2025, reporting board and executive changes.
AI Summary
On January 6, 2025, Zoomcar Holdings, Inc. filed an 8-K report detailing changes in its board of directors and executive officers, including the appointment of new officers and the election of directors. The filing also covers compensatory arrangements for certain officers and includes financial statements and exhibits.
Why It Matters
Changes in a company's board and executive team can signal shifts in strategy, operational focus, or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in executive leadership and board composition can introduce uncertainty regarding future strategy and operational stability.
Key Players & Entities
- Zoomcar Holdings, Inc. (company) — Registrant
- Innovative International Acquisition Corp. (company) — Former Company Name
- January 6, 2025 (date) — Earliest event reported date
FAQ
What specific changes were made to Zoomcar Holdings, Inc.'s board of directors and executive officers?
The 8-K filing indicates changes related to the departure of directors, election of directors, appointment of certain officers, and compensatory arrangements for certain officers, though specific names and details are not provided in the excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on January 6, 2025.
What is the Standard Industrial Classification (SIC) code for Zoomcar Holdings, Inc.?
The SIC code for Zoomcar Holdings, Inc. is 7510, which falls under SERVICES-AUTO RENTAL & LEASING (NO DRIVERS).
What was Zoomcar Holdings, Inc.'s former company name?
Zoomcar Holdings, Inc.'s former company name was Innovative International Acquisition Corp.
What is the fiscal year end for Zoomcar Holdings, Inc.?
The fiscal year end for Zoomcar Holdings, Inc. is March 31 (0331).
Filing Stats: 705 words · 3 min read · ~2 pages · Grade level 11.3 · Accepted 2025-01-10 07:00:33
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share ZCAR The Nasdaq Stock Mar
- $571 — one share of Common Stock at a price of $571, subject to adjustment ZCARW The Na
Filing Documents
- ea0227199-8k_zoomcar.htm (8-K) — 33KB
- ea022719901ex99-1_zoomcar.htm (EX-99.1) — 102KB
- ex99-1_001.jpg (GRAPHIC) — 2KB
- 0001213900-25-002316.txt ( ) — 378KB
- zcar-20250106.xsd (EX-101.SCH) — 4KB
- zcar-20250106_def.xml (EX-101.DEF) — 26KB
- zcar-20250106_lab.xml (EX-101.LAB) — 36KB
- zcar-20250106_pre.xml (EX-101.PRE) — 25KB
- ea0227199-8k_zoomcar_htm.xml (XML) — 6KB
02. Departure of Directors or Certain
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 6, 2025, the board of directors (the "Board") of Zoomcar Holdings, Inc. (the "Company") approved the designation of Shachi Singh, the Company's General Counsel and Chief Legal Officer, as an executive officer of the Company, effective immediately. Shachi Singh , 31, has worked at Zoomcar, Inc. since 2019 and has served as the Company's General Counsel and Legal Head since July 2024. She was appointed by the Board as an executive officer on January 6, 2025. She is currently responsible for managing all aspects of legal and compliance matters of the Zoomcar entities globally. Prior to working at the Company, Ms. Singh practiced as a private equity / venture capital & M&A lawyer at leading law firms in India. During her practice, she advised inter alia strategic corporates, private equity funds and start-ups on a variety of domestic and cross-border transactions. Ms. Singh graduated from Symbiosis Law School (Pune) with a degree in law and business administration. No family relationships exist between Ms. Singh and any other directors or executive officers of the Company. There are no transactions to which the Company is or was a participant and in which Ms. Singh has a material interest subject to disclosure under Item 404(a) of Regulation S-K. Ms. Singh has entered into an employment agreement with the Company, dated January 8, 2025, a copy of which is filed as Exhibit 99.1 hereto and incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (c) Exhibits Exhibit Number Description 99.1# Employment Agreement, dated January 8, 2025, by and between Shachi Singh and Zoomcar India Private Limited. 104 Cover Page Interactive Data File (formatted as inline XBRL) # Certain portions of this exhibit have been omitted because the omitted information is (i) not material and (ii) would likely cause competitive harm to the Company if publicly disclosed. 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: January 10, 2025 Zoomcar Holdings, Inc. By: /s/ Hiroshi Nishijima Name: Hiroshi Nishijima Title: Acting Chief Executive Officer 2