Zoomcar Holdings, Inc. Files S-1 Registration Statement

TL;DR

<b>Zoomcar Holdings, Inc. has filed an S-1 registration statement for securities offerings.</b>

AI Summary

Zoomcar Holdings, Inc. (ZCARW) filed a IPO Registration (S-1) with the SEC on February 5, 2024. Zoomcar Holdings, Inc. has filed an S-1 registration statement with the SEC. The filing was made on February 5, 2024. The company's principal executive offices are located in Bangalore, India. Zoomcar Holdings, Inc. was formerly known as Innovative International Acquisition Corp. The registration statement is for the offering of securities under the Securities Act of 1933.

Why It Matters

For investors and stakeholders tracking Zoomcar Holdings, Inc., this filing contains several important signals. This S-1 filing indicates Zoomcar is preparing for a public offering or significant capital raise, which could impact its market presence and growth trajectory. The registration statement provides detailed financial and business information, offering investors insight into the company's operations and future plans.

Risk Assessment

Risk Level: low — Zoomcar Holdings, Inc. shows low risk based on this filing. The filing is a standard S-1 registration statement, indicating a preparatory step for a securities offering rather than immediate operational changes or financial distress.

Analyst Insight

Monitor future filings from Zoomcar Holdings, Inc. for details on the proposed securities offering and its potential impact on the company's financial structure and market valuation.

Key Numbers

• 2024-02-05 — Filing Date (Date of S-1 registration statement filing)
• 333-276859 — SEC File Number (SEC registration number)
• 7510 — SIC Code (Standard Industrial Classification code for Auto Rental & Leasing)
• 0331 — Fiscal Year End (Company's fiscal year end)

Key Players & Entities

• Zoomcar Holdings, Inc. (company) — Registrant
• Innovative International Acquisition Corp. (company) — Former company name
• Ellenoff Grossman & Schole LLP (company) — Legal counsel
• Douglas Ellenoff (person) — Legal counsel
• Matthew Bernstein (person) — Legal counsel
• The Corporation Trust Company (company) — Agent for Service

Forward-Looking Statements

• The continuous offering of securities will likely lead to an increase in the total number of outstanding shares for Zoomcar Holdings, Inc. (Zoomcar Holdings, Inc.) — high confidence, target: Within 6-12 months of effectiveness
• The increased supply of shares from the continuous offering could exert downward pressure on Zoomcar's stock price. (Zoomcar Holdings, Inc. stock price) — medium confidence, target: Upon commencement of sales

FAQ

Industry Context

Zoomcar Holdings operates in the auto rental and leasing sector, providing services without drivers.

Regulatory Implications

The filing is made under the Securities Act of 1933, which governs the registration and disclosure of securities offerings in the United States.

What Investors Should Do

1. Review the full S-1 filing for detailed financial statements and business descriptions.
2. Track subsequent SEC filings for updates on the proposed securities offering.
3. Analyze the company's business model and competitive landscape in the auto rental market.

Key Dates

• 2024-02-05: S-1 Filing — Registration statement filed with the SEC
• 2021-03-31: Name Change — Date of name change from Innovative International Acquisition Corp.

Glossary

S-1

A registration statement filed with the SEC to register securities for public sale. (Indicates the company is preparing to offer securities to the public.)

Securities Act of 1933

A U.S. federal law regulating the offer and sale of securities. (Governs the registration and disclosure requirements for securities offerings.)

Year-Over-Year Comparison

This is an initial S-1 filing, so there is no prior filing to compare against for 'vs last filing' data.

Key Financial Figures

• $0.0001 — 3,584 shares of common stock, par value $0.0001 per share (the " Common Stock ") of Zoo
• $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, in c
• $9.33 — price of $10,000,000, or approximately $9.33 per share, in connection with the Closi
• $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 "), i
• $3.10 — rted by The Nasdaq Stock Market LLC was $3.10 per share and the closing price of our
• $0.0975 — blic Warrants as reported by Nasdaq was $0.0975. Each of our Public Warrants is exercis
• $11.50 — of Common Stock at an exercise price of $11.50 per share. We are an emerging growth c
• $8,434,605 — Inc. to ACM in the principal amount of $8,434,605, in connection with certain transaction

Filing Documents

• ea192088-s1_zoomcar.htm (S-1) — 4368KB
• ea192088ex10-18_zoomcarhold.htm (EX-10.18) — 17KB
• ea192088ex23-1_zoomcarhold.htm (EX-23.1) — 2KB
• ea192088ex23-2_zoomcarhold.htm (EX-23.2) — 2KB
• ea192088ex-fee_zoomcarhold.htm (EX-FILING FEES) — 48KB
• image_001.jpg (GRAPHIC) — 27KB
• image_002.jpg (GRAPHIC) — 27KB
• image_003.jpg (GRAPHIC) — 66KB
• image_004.jpg (GRAPHIC) — 66KB
• image_005.jpg (GRAPHIC) — 51KB
• image_006.jpg (GRAPHIC) — 34KB
• image_007.jpg (GRAPHIC) — 26KB
• image_008.jpg (GRAPHIC) — 37KB
• image_009.jpg (GRAPHIC) — 44KB
• image_010.jpg (GRAPHIC) — 34KB
• image_011.jpg (GRAPHIC) — 34KB
• image_012.jpg (GRAPHIC) — 37KB
• image_013.jpg (GRAPHIC) — 37KB
• image_014.jpg (GRAPHIC) — 51KB
• image_015.jpg (GRAPHIC) — 37KB
• image_016.jpg (GRAPHIC) — 49KB
• image_017.jpg (GRAPHIC) — 31KB
• image_018.jpg (GRAPHIC) — 59KB
• image_019.jpg (GRAPHIC) — 28KB
• image_020.jpg (GRAPHIC) — 13KB
• 0001213900-24-009809.txt (&nbsp;) — 12149KB
• ioacu-20230930.xsd (EX-101.SCH) — 71KB
• ioacu-20230930_cal.xml (EX-101.CAL) — 20KB
• ioacu-20230930_def.xml (EX-101.DEF) — 294KB
• ioacu-20230930_lab.xml (EX-101.LAB) — 483KB
• ioacu-20230930_pre.xml (EX-101.PRE) — 292KB
• ea192088-s1_zoomcar_htm.xml (XML) — 1060KB

USE OF PROCEEDS

USE OF PROCEEDS 43 UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION 44

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 55

BUSINESS

BUSINESS 77 MANAGEMENT 108

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 116 DIRECTOR COMPENSATION 126 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 129 BENEFICIAL OWNERSHIP OF SECURITIES 138 SELLING HOLDERS 139

DESCRIPTION OF SECURITIES

DESCRIPTION OF SECURITIES 140 SECURITIES ACT RESTRICTIONS ON RESALE OF SECURITIES 149 MATERIAL UNITED STATES FEDERAL INCOME TAX CONSEQUENCE S 151 PLAN OF DISTRIBUTION 155 LEGAL MATTERS 159 EXPERTS 159 WHERE YOU CAN FIND MORE INFORMATION 159 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 provide no assurance as to

View Full Filing

View this S-1 filing on SEC EDGAR