---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-109121"
form_type: "8-K"
ticker: "ZCAR"
cik: "0001854275"
company_name: "Zoomcar Holdings, Inc."
filed_at: "2023-10-13T23:59:59+00:00"
generated_at: "2026-06-10T00:12:50.551264+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Innovative International Acquisition Corp. receives Nasdaq delisting notice for insufficient total holders

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-109121
- form_type: 8-K
- ticker: ZCAR
- cik: 0001854275
- company_name: Zoomcar Holdings, Inc.
- filed_at: 2023-10-13T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854275/000110465923109121/0001104659-23-109121-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854275/000110465923109121/tm2328438d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-109121
- JSON: https://secwatch.observer/filing/0001104659-23-109121.json
- Plain text: https://secwatch.observer/filing/0001104659-23-109121.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1854275/000110465923109121/0001104659-23-109121-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.