secwatch.observer — SEC 8-K summary
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Issuer:     Zoomcar Holdings, Inc. (ZCAR)
CIK:        0001854275
Form:       8-K
Filed at:   2023-12-15T23:59:59+00:00
Accession:  0001104659-23-126074
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854275/000110465923126074/0001104659-23-126074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854275/000110465923126074/tm2332944d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-126074

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