{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-127171","form_type":"8-K","ticker":"ZCAR","cik":"0001854275","company_name":"Zoomcar Holdings, Inc.","filed_at":"2023-12-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.079257+00:00","generated_at":"2026-06-07T10:47:26.275166+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"IOAC replaces ~$3.26M in existing notes with new promissory notes; Ananda Trust gets convertible note at $3.00/share","bullets":["Issued $2,027,840 unsecured convertible note to Ananda Small Business Trust, no interest, payable 90 days post-business-combination, convertible at $3.00/share (down from $10.00/share).","Issued unsecured promissory notes to passive investors totaling ~$1,231,368 under substantially the same terms as the existing notes.","Replacement notes fully satisfy and discharge all existing notes; old notes are terminated immediately.","Ananda Trust conversion price is lower than the redemption price per public share in the business combination.","Total outstanding principal replaced: ~$3.26M, consisting of $2,027,840 to Ananda Trust and $1,231,368 to passive investors."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-127171","json":"https://secwatch.observer/filing/0001104659-23-127171.json","markdown":"https://secwatch.observer/filing/0001104659-23-127171.md","text":"https://secwatch.observer/filing/0001104659-23-127171.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1854275/000110465923127171/0001104659-23-127171-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1854275/000110465923127171/tm2333227d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T10:47:26.275166+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2f1dcae9f0e9356202273520300e2bf1bde3471d","claim":"Zoomcar Holdings, Inc. incurred convertible notes of $2,027,840 with Innovative International Sponsor I LLC at no interest maturing 90 days after the consummation of the Business Combination.","evidence_excerpt":"with extensions of the date by which IOAC must consummate an initial business combination (such promissory notes, the “Existing Notes”). As of the date hereof, (i) approximately $2,027,840 is outstanding under the Existing Notes payable to Ananda Small Business Trust (“Ananda Trust”), payable on the date of the consummation of the Business Combination, and of such","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1854275/000110465923127171/0001104659-23-127171-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$2,027,840"},{"label":"Counterparty","value":"Innovative International Sponsor I LLC"},{"label":"Rate","value":"no interest"},{"label":"Maturity","value":"90 days after the consummation of the Business Combination"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}