Zoomcar Holdings, Inc. Files Amendment No. 1 to S-1 Registration Statement
Ticker: ZCARW · Form: S-1/A · Filed: Mar 19, 2024 · CIK: 1854275
| Field | Detail |
|---|---|
| Company | Zoomcar Holdings, Inc. (ZCARW) |
| Form Type | S-1/A |
| Filed Date | Mar 19, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.0001, $12,100,000, $10.08, $3.00, $10,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: Zoomcar Holdings, S-1/A, Registration Statement, IPO, SEC Filing
TL;DR
<b>Zoomcar Holdings, Inc. has filed an amendment to its S-1 registration statement, indicating ongoing efforts to comply with public offering requirements.</b>
AI Summary
Zoomcar Holdings, Inc. (ZCARW) filed a Amended IPO Registration (S-1/A) with the SEC on March 19, 2024. Zoomcar Holdings, Inc. filed an amendment (S-1/A) to its registration statement on March 19, 2024. The filing is for registration under the Securities Act of 1933. The company's principal executive offices are located in Bangalore, India. Zoomcar Holdings, Inc. was formerly known as Innovative International Acquisition Corp. The company is classified as a non-accelerated filer, smaller reporting company, and emerging growth company.
Why It Matters
For investors and stakeholders tracking Zoomcar Holdings, Inc., this filing contains several important signals. This amendment signifies continued progress in Zoomcar's journey towards a public offering, providing updated information to potential investors. The classification as a non-accelerated filer, smaller reporting company, and emerging growth company provides context for regulatory scrutiny and reporting obligations.
Risk Assessment
Risk Level: low — Zoomcar Holdings, Inc. shows low risk based on this filing. The filing is an amendment to a registration statement, which is a standard procedural step for companies pursuing an IPO or other public offerings, and does not contain new material financial or operational information that would significantly alter risk assessment.
Analyst Insight
Monitor future filings for updated financial performance and business developments as Zoomcar progresses with its public offering plans.
Key Numbers
- 333-276859 — SEC File Number (Registration Number)
- 24763132 — Film Number (SEC Film Number)
- 0331 — Fiscal Year End (Fiscal year end date)
- 7510 — SIC Code (Standard Industrial Classification Code)
Key Players & Entities
- Zoomcar Holdings, Inc. (company) — Registrant
- Innovative International Acquisition Corp. (company) — Former company name
- The Corporation Trust Company (company) — Agent for service
- Douglas Ellenoff (person) — Legal counsel
- Matthew Bernstein (person) — Legal counsel
- Ellenoff Grossman & Schole LLP (company) — Legal counsel
FAQ
When did Zoomcar Holdings, Inc. file this S-1/A?
Zoomcar Holdings, Inc. filed this Amended IPO Registration (S-1/A) with the SEC on March 19, 2024.
What is a S-1/A filing?
A S-1/A is a amendment to an IPO registration statement, typically incorporating SEC feedback. This particular S-1/A was filed by Zoomcar Holdings, Inc. (ZCARW).
Where can I read the original S-1/A filing from Zoomcar Holdings, Inc.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Zoomcar Holdings, Inc..
What are the key takeaways from Zoomcar Holdings, Inc.'s S-1/A?
Zoomcar Holdings, Inc. filed this S-1/A on March 19, 2024. Key takeaways: Zoomcar Holdings, Inc. filed an amendment (S-1/A) to its registration statement on March 19, 2024.. The filing is for registration under the Securities Act of 1933.. The company's principal executive offices are located in Bangalore, India..
Is Zoomcar Holdings, Inc. a risky investment based on this filing?
Based on this S-1/A, Zoomcar Holdings, Inc. presents a relatively low-risk profile. The filing is an amendment to a registration statement, which is a standard procedural step for companies pursuing an IPO or other public offerings, and does not contain new material financial or operational information that would significantly alter risk assessment.
What should investors do after reading Zoomcar Holdings, Inc.'s S-1/A?
Monitor future filings for updated financial performance and business developments as Zoomcar progresses with its public offering plans. The overall sentiment from this filing is neutral.
How does Zoomcar Holdings, Inc. compare to its industry peers?
Zoomcar operates in the auto rental and leasing sector, specifically without drivers, serving the mobility needs of individuals.
Are there regulatory concerns for Zoomcar Holdings, Inc.?
The filing is made under the Securities Act of 1933, which governs the registration of securities offered to the public in the United States.
Industry Context
Zoomcar operates in the auto rental and leasing sector, specifically without drivers, serving the mobility needs of individuals.
Regulatory Implications
The filing is made under the Securities Act of 1933, which governs the registration of securities offered to the public in the United States.
What Investors Should Do
- Review the full S-1/A filing for detailed disclosures and risk factors.
- Track future SEC filings for financial updates and operational progress.
- Research the competitive landscape of the car rental and mobility services industry.
Key Dates
- 2024-03-19: Filing of Amendment No. 1 to Form S-1 — Provides updated information for the registration statement.
Year-Over-Year Comparison
This is an amendment to a previous filing, indicating procedural updates rather than a new initial filing.
Filing Stats: 4,498 words · 18 min read · ~15 pages · Grade level 14.4 · Accepted 2024-03-19 16:07:15
Key Financial Figures
- $0.0001 — 3,584 shares of common stock, par value $0.0001 per share (the “ Common Stock &rd
- $12,100,000 — g commissions in an aggregate amount of $12,100,000, or an effective price of $10.08 per sh
- $10.08 — f $12,100,000, or an effective price of $10.08 per share, pursuant to that certain fee
- $3.00 — on Stock that were issued at a price of $3.00 per share pursuant to that certain fee
- $10,000,000 — in), for an aggregate purchase price of $10,000,000, or approximately $9.33 per share, purs
- $9.33 — price of $10,000,000, or approximately $9.33 per share, pursuant to a subscription a
- $10.00 — onvertible at (x) a conversion price of $10.00 per share, subject to adjustment as des
- $0.25 — therein and subject to a floor price of $0.25 per share (the “ Conversion Price
- $1.31 — rted by The Nasdaq Stock Market LLC was $1.31 per share and the closing price of our
- $0.0356 — blic Warrants as reported by Nasdaq was $0.0356. Each of our Public Warrants is exercis
- $5.71 — of Common Stock at an exercise price of $5.71 per share (see “ Description of S
- $8,434,605 — Inc. to ACM in the principal amount of $8,434,605, in connection with certain transaction
Filing Documents
- ea0201412-s1a1_zoomcar.htm (S-1/A) — 3739KB
- ea020141201ex23-1_zoomcar.htm (EX-23.1) — 2KB
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- 0001213900-24-024014.txt ( ) — 4811KB
USE OF PROCEEDS
USE OF PROCEEDS 44 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 45
BUSINESS
BUSINESS 64 MANAGEMENT 95
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 103 DIRECTOR COMPENSATION 113 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 116 BENEFICIAL OWNERSHIP OF SECURITIES 125 SELLING HOLDERS 126
DESCRIPTION OF SECURITIES
DESCRIPTION OF SECURITIES 127 SECURITIES ACT RESTRICTIONS ON RESALE OF SECURITIES 136 MATERIAL UNITED STATES FEDERAL INCOME TAX CONSEQUENCE S 138 PLAN OF DISTRIBUTION 142 LEGAL MATTERS 146 EXPERTS 146 WHERE YOU CAN FIND MORE INFORMATION 146 INDEX TO FINANCIAL STATEMENTS F-1 i ABOUT THIS PROSPECTUS This prospectus is part of a registration statement on Form S-1 pursuant to which the Selling Holders may, from time to time, sell up to an aggregate of 18,603,584 shares of Common Stock from time to time through any means described in the section entitled “ Plan of Distribution .” More specific terms of any securities that the Selling Holders offer and sell may be provided in a prospectus supplement that describes, among other things, the specific amounts and prices of the Common Stock being offered and the terms of the offering. We will not receive any proceeds from the sale by such Selling Holders of the securities offered by them described in this prospectus. A prospectus supplement may also add, update or change information included in this prospectus. Any statement contained in this prospectus will be deemed to be modified or superseded for purposes of this prospectus to the extent that a statement contained in such prospectus supplement modifies or supersedes such statement. Any statement so modified will be deemed to constitute a part of this prospectus only as so modified, and any statement so superseded will be deemed not to constitute a part of this prospectus. You should rely only on the information contained in this prospectus, any applicable prospectus supplement or any related free writing prospectus. See “ Where You Can Find More Information .” We have not authorized anyone to provide any information or to make any representations other than those contained in this prospectus, any accompanying prospectus supplement or any free writing prospectus we have prepared. We take no responsibility for, and can pro