---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-126074"
form_type: "8-K"
ticker: "ZCAR"
cik: "0001854275"
company_name: "Zoomcar Holdings, Inc."
filed_at: "2023-12-15T23:59:59+00:00"
generated_at: "2026-06-07T12:07:04.231095+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# IOAC Nasdaq hearing rescheduled to Feb 20, 2024; provides details on new Ananda Trust note

## Summary
- Nasdaq delisting hearing rescheduled from Mar 14 to Feb 20, 2024; IOAC expects Business Combination to close before hearing.
- Existing notes to Ananda Trust total ~$2,027,840: $500k convertible at $10/share, ~$1,527,840 payable in cash.
- New unsecured convertible note to replace existing debt: zero interest, due 90 days post-closing, conversion at price below public share redemption price.
- Business Combination with Zoomcar expected to close before the Hearing Date; hearing may be canceled if New Zoomcar meets listing criteria.

## SEC filing metadata
- accession: 0001104659-23-126074
- form_type: 8-K
- ticker: ZCAR
- cik: 0001854275
- company_name: Zoomcar Holdings, Inc.
- filed_at: 2023-12-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854275/000110465923126074/0001104659-23-126074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854275/000110465923126074/tm2332944d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-126074
- JSON: https://secwatch.observer/filing/0001104659-23-126074.json
- Plain text: https://secwatch.observer/filing/0001104659-23-126074.txt

## Key facts
- Listing & Compliance Notices
  Zoomcar Holdings, Inc. received a nasdaq delisting notice notice regarding market value.
  - Exchange: nasdaq
  - Notice: delisting notice
  - Deficiency: market value
  source text: November 20, 2023, IOAC received a written notice (the “Nasdaq Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, because IOAC has not regained compliance with the Market Value of Listed Securities Standard (the “MVLS Rule”), IOAC’s securities (units, ordinary shares and warrants) will be suspended from The Nasdaq Global Market unless IOAC timely requests a hearing to appeal such decision before the Nasdaq Hearings Panel (the “Panel”). IOAC has requested a hearing before the Panel, and the delisting action has been stayed by Nasdaq pe
  evidence_url: https://www.sec.gov/Archives/edgar/data/1854275/000110465923126074/0001104659-23-126074-index.htm

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