Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 4

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 4
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 Corp., a Cayman Islands exempted company (“IOAC”), Innovative International Merger Sub Inc., a Delaware corporation and a wholly-owned subsidiary of IOAC (“Merger Sub”), Zoomcar, Inc., a Delaware corporation (“Zoomcar, Inc.”), and Greg Moran, solely in the capacity as the representative of the Zoomcar stockholders (in such capacity, the “Seller Representative”) (collectively, the “Business Combination”). The consummation of the Business Combination (the “Closing”) involved (i) prior to the Closing, the continuation of IOAC into the State of Delaware so as to become a Delaware corporation (the “Domestication”) and (ii) the merger of Merger Sub with and into Zoomcar, Inc., with Zoomcar, Inc. continuing as the surviving corporation (the “Merger”), as well as the other transactions contemplated in the Merger Agreement. As a result of the Merger, the Company owns 100% of the outstanding common stock of Zoomcar, Inc. In connection with the closing of the Business Combination, the Company changed its name from “Innovative International Acquisition Corp.” to “Zoomcar Holdings, Inc.” On October 21, 2024, the Company effected a reverse stock split of its shares of Common Stock at a ratio of 1-for 100 (the “First Reverse Split”). The shares of Common Stock began trading on the Nasdaq Global Market on a post-reverse split basis at the beginning of trading on October 22, 2024. As a result every one hundred (100) shares of Common Stock then issued and outstanding was automatically converted into one (1) share of Common Stock, without any change in the par value per share. I n addition, (i) a proportionate adjustment was made to the per share exercise price and the number of shares issuable upon the exercise of all outstanding stock options and warrants to purchase shares of Common Stock, and (ii) the number of shares reserved for issuance pursuant to the Company’s equity incentive plans was also reduced proportionately. Any fraction of a share of Common Stock that would have been created as a result of the First Reverse Split was rounded up to the nearest whole share. On March 21, 2025, the Company effected an additional reverse stock split of its shares of Common Stock at a ratio of 1-for 20 (the “Second Reverse Split” and collectively with the First Reverse Split, the “Reverse Stock Splits”). Our shares of Common Stock began trading on the Nas