secwatch.observer — SEC 8-K summary
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Issuer:     Zoomcar Holdings, Inc. (ZCAR)
CIK:        0001854275
Form:       8-K
Filed at:   2025-01-24T23:59:59+00:00
Accession:  0001213900-25-006510
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zoomcar fails to regain Nasdaq MVPHS compliance; faces delisting; CFO promoted, CEO salary restored
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- Failed to regain Nasdaq MVPHS compliance (min $15M public float) by Jan 21; delisting notice on Jan 23.
- Company also noncompliant with other Nasdaq listing rules; compliance plan presented Jan 9; must present views on additional deficiency by Jan 30.
- Sachin Gupta promoted from Interim CFO to CFO effective Jan 17, 2025.
- CEO Hiroshi Nishijima's salary restored from $175K to $350K per annum, retroactive to Jan 1, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854275/000121390025006510/0001213900-25-006510-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854275/000121390025006510/ea0228619-8k_zoomcar.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-006510

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