Zoomcar Holdings, Inc. (ZCAR): Nasdaq/NYSE listing notice — Innovative International Acquisition Corp. receives Nasdaq delisting notice for insufficient total holders

Zoomcar Holdings, Inc.

Received Nasdaq notice on Oct 9, 2023 for failing minimum 400 total holders (Listing Rule 5450(a)(2)).
Company has until Nov 24, 2023 to submit a compliance plan to Nasdaq.
If plan accepted, Nasdaq may grant up to 180-day extension; if rejected, company can appeal.
Evaluating transfer to Nasdaq Capital Market as potential cure for deficiency.
No immediate delisting effect; compliance not assured despite diligent efforts.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Zoomcar Holdings, Inc. received a nasdaq deficiency notice notice regarding other (rules 5450(a)(2), 5810(c)(2)(C), 5810(c)(2)(B)(i)).

Exchange: nasdaq
Notice: deficiency notice
Rules: 5450(a)(2), 5810(c)(2)(C), 5810(c)(2)(B)(i)

Exact text from the filing

October 9, 2023, Innovative International Acquisition Corp. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that, based on the number of beneficial holders and holders of record of the Company’s ordinary shares (the “Total Holders”), the Company no longer meets Listing Rule 5450(a)(2), which requires listed companies to maintain a minimum of 400 Total Holders. Nasdaq Listing Rule 5810(c)(2)(C) provides the Company with a period of 45 calendar days, or until November 24, 2023 (the “Compliance Da

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20 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Zoomcar Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-109121

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