secwatch.observer — SEC 8-K summary
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Issuer:     Zoomcar Holdings, Inc. (ZCAR)
CIK:        0001854275
Form:       8-K
Filed at:   2023-08-21T23:59:59+00:00
Accession:  0001104659-23-093943
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Innovative International (IOAC) issues $500K promissory note to sponsor for working capital before business combination
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- Up to $500,000 unsecured note issued to sponsor Innovative International Sponsor I LLC on August 18, 2023.
- Note bears no interest; principal due on consummation of initial business combination.
- Sponsor waives all claims against the trust account from IPO proceeds.
- Drawdowns available before Maturity Date; Payee must fund within two business days.
- Unpaid principal automatically due upon certain bankruptcy or default events.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854275/000110465923093943/0001104659-23-093943-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854275/000110465923093943/tm2324289d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-093943

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