Innovative International Acquisition Corp

Innovative International Acquisition Corp. is a blank check company, which engages in the effecting of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded by Mohan P. Ananda and Madan Menon on March 22, 2021 and is headquartered in Dana Point, CA.

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Zoomcar Holdings, Inc. engages in the business of owning and leasing vehicles with an online peer-to-peer car sharing platform which connects hosts with guests. The company is headquartered in Bangalore, India.

Zoomcar, an India-based peer-to-peer car-sharing platform focused on emerging markets, has gone public. The firm completed a previously announced business combination with Cayman Island-registered special purpose acquisition company (SPAC) Innovative International Acquisition Corp. (IOAC) Thursday (Dec. 28), the companies said in a Thursday press release.

India-Based Car-Sharing Platform Zoomcar Completes Business Combination, Goes Public

Innovative International Acquisition (NASDAQ: IOAC ) stock is rising on Wednesday after announcing a date for an upcoming shareholder meeting. Innovative International is going to hold an extraordinary general meeting on Dec. 19 at 11:00 a.m.

Why Is Innovative International (IOAC) Stock Up 31% Today?

Innovative International (NASDAQ: IOAC ) stock is on the rise Friday after the company announced results from a general shareholder meeting. Innovative International held this extraordinary meeting to have shareholders vote on a few matters.

Why Is Innovative International (IOAC) Stock Up 9% Today?

Extraordinary general meeting of IOAC shareholders scheduled for October 25, 2023, to vote on the proposed business combination of IOAC with Zoomcar Zoomcar is the world's leading emerging market peer2peer car sharing platform with operations across India, Indonesia and Egypt Zoomcar and IOAC entered into a definitive merger agreement dated October 13, 2022, as amended (the "Merger Agreement") Combined company expected to be named Zoomcar Holdings, Inc. and listed on NASDAQ in fourth quarter of 2023 under ticker "ZCAR" BANGALORE, India, and DANA POINT, Calif. , Oct. 3, 2023 /PRNewswire/ -- Innovative International Acquisition Corp. (NASDAQ: IOAC) ("IOAC"), a Cayman Island registered blank-check special purpose acquisition company, and Zoomcar, Inc., a Delaware corporation ("Zoomcar"), an emerging market focused peer2peer car sharing company, are pleased to announce that IOAC's registration statement on Form S-4, initially filed with the U.S. Securities and Exchange Commission ("SEC") on February 7, 2023 (as amended, the "Registration Statement"), has been declared effective by the SEC.

Innovative International Acquisition Corp. and Zoomcar, the World's Largest Emerging Market Focused Car Sharing Platform, Announce Effectiveness of Registration Statement on Form S-4, Date of IOAC's Extraordinary General Meeting to Approve Proposed Business Combination, Zoomcar Written Consent Solicitation

BANGALORE, India, Oct. 19, 2022 (GLOBE NEWSWIRE) -- As previously announced last week, Zoomcar, Inc. (“Zoomcar”), the world's largest emerging market focused car sharing platform, and Innovative International Acquisition Corp. ("Innovative") (NASDAQ: IOAC), a publicly traded special purpose acquisition company, entered into a definitive merger agreement (the “Merger Agreement”) that will result in Zoomcar becoming a publicly listed company. The transaction values the combined company (the “Combined Company”) at an implied pro forma enterprise value of approximately $456 million. Upon closing, the Combined Company will be renamed Zoomcar Holdings, Inc. and expects to list its common stock on Nasdaq.

Zoomcar, the World's Largest Emerging Market Focused Car Sharing Platform, Announces $10 Million Financial Investment in Connection with the Merger with Innovative International Acquisition Corp. (NASDAQ: IOAC)

Founded in 2013, Zoomcar has pioneered car sharing across emerging markets. With its asset-light marketplace-focused business model, the Zoomcar platform connects host vehicle owners with guests who choose from a selection of otherwise idle cars to use for personal, business and travel needs. With operations across India, Indonesia, Vietnam, and Egypt, Zoomcar is transforming the urban mobility landscape with the introduction of affordable, sustainable and convenient transportation solutions. Zoomcar currently operates across more than 50 cities globally and plans to continue building smart, convenient and sustainable transport solutions for emerging market consumers.

Zoomcar, the World's Largest Emerging Market Focused Car Sharing Platform, to be Publicly Listed Through a Merger with Innovative International Acquisition Corp. (NASDAQ: IOAC)

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