secwatch.observer — SEC 8-K summary
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Issuer:     Zoomcar Holdings, Inc. (ZCAR)
CIK:        0001854275
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001104659-23-087290
Event type: regulatory
Sentiment:  negative
Materiality: 0.55
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nasdaq notifies Innovative International of board composition deficiency after Sheppard resigns
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- Valarie Sheppard resigned from the board, triggering non-compliance with Nasdaq independent director and audit committee rules (Rule 5605).
- Cure period runs until earlier of next annual meeting or July 21, 2024; if meeting before Jan 17, 2024, deadline is Jan 17, 2024.
- Company states it expects to regain compliance before the cure period expires; no immediate delisting impact.
- The notice is a deficiency notification only; trading of IOAC, IOACU, IOACW continues on Nasdaq.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854275/000110465923087290/0001104659-23-087290-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854275/000110465923087290/tm2322786d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-087290

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