secwatch.observer — SEC 8-K summary
======================================

Issuer:     Zoomcar Holdings, Inc. (ZCAR)
CIK:        0001854275
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001213900-24-095496
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Zoomcar receives Nasdaq delisting determination for multiple listing rule failures
--------------------------------------------------------------------------------

- Nasdaq staff issued delist determination on Nov 6, 2024 due to non-compliance with MVLS, Minimum Bid Price, and PHS Rules.
- Failed to regain compliance with Minimum Bid Price and MVLS Rules by Nov 4, 2024 deadline.
- Also non-compliant with Minimum Publicly Held Shares (PHS) Rule and MVPHS Rule.
- Company intends to request a hearing before Nasdaq Hearings Panel to stay delisting and plans to transfer to Capital Market.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854275/000121390024095496/0001213900-24-095496-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854275/000121390024095496/ea0220376-8k_zoomcar.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-095496

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