secwatch.observer — SEC 8-K summary
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Issuer:     Zoomcar Holdings, Inc. (ZCAR)
CIK:        0001854275
Form:       8-K
Filed at:   2023-04-06T23:59:59+00:00
Accession:  0001104659-23-042772
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Innovative International Acquisition Corp. receives Nasdaq MVLS deficiency notice; two directors resign
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- Nasdaq notified IOAC on March 31, 2023 that its Market Value of Listed Securities fell below $50M minimum.
- Company has 180 days (until Sept 27, 2023) to regain compliance; may transfer to Nasdaq Capital Market if needed.
- Directors Anuradha George and Elaine Price resigned effective March 31, 2023; no disagreement cited.
- George to receive 30,000 founder shares upon close of initial business combination; forfeits 5,000 shares.
- Fernando Garibay appointed to Audit Committee to fill vacancy from George's resignation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854275/000110465923042772/0001104659-23-042772-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854275/000110465923042772/tm2311960d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-042772

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