secwatch.observer — SEC 8-K summary
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Issuer:     Zoomcar Holdings, Inc. (ZCAR)
CIK:        0001854275
Form:       8-K
Filed at:   2023-12-01T23:59:59+00:00
Accession:  0001104659-23-122897
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IOAC shareholders approve one-month extension; ~$187.5M redeemed from trust
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- Shareholders approved extension of business combination deadline from Nov 29 to Dec 29, 2023.
- 16,346 public shares redeemed; ~$187.5M removed from trust, leaving ~$28.0M.
- Sponsor provided up to $200,000 promissory note for working capital, no interest.
- After redemptions, public shares outstanding reduced to 2,444,075.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854275/000110465923122897/0001104659-23-122897-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854275/000110465923122897/tm2331952d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-122897

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