secwatch.observer — SEC 8-K summary
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Issuer:     Zoomcar Holdings, Inc. (ZCAR)
CIK:        0001854275
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0001213900-24-094107
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zoomcar receives Nasdaq deficiency notice for insufficient publicly held shares; faces multiple listing non-compliance
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- On Oct 29, 2024, Nasdaq notified Zoomcar that its publicly held shares fell below the 1,100,000 minimum for continued listing on Nasdaq Global Market.
- Company has 45 days to submit a compliance plan; if accepted, Nasdaq may grant up to 180-day extension.
- Previously reported non-compliance with minimum bid price and minimum market value of publicly held shares ($15M); delisting notice possible by Nov 4, 2024.
- Company may apply to transfer to Nasdaq Capital Market with lower MPLS requirement, subject to meeting its listing standards and $5,000 fee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854275/000121390024094107/0001213900-24-094107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854275/000121390024094107/ea0219822-8k_zoomcar.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-094107

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