secwatch.observer — SEC 8-K summary
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Issuer:     Zoomcar Holdings, Inc. (ZCAR)
CIK:        0001854275
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001104659-23-058423
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Innovative International Acquisition Corp. enters into $500K promissory note with sponsor
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- Up to $500,000 unsecured promissory note issued to sponsor Innovative International Sponsor I LLC on May 10, 2023.
- Note bears no interest; principal due upon consummation of initial business combination (Maturity Date).
- Drawdowns may be used only for working capital expenses; Payee waives claims against trust account from IPO proceeds.
- Standard events of default; upon certain bankruptcy events, principal automatically becomes immediately due and payable.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854275/000110465923058423/0001104659-23-058423-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854275/000110465923058423/tm2315246d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-058423

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer