SPAC · Merger completed
Innovative International Acquisition Corp.
Business combination with Zoomcar, Inc.
Innovative International Acquisition Corp. is a blank-check company (SPAC) that raised $200M in its initial public offering on Oct 28, 2021, listing on Nasdaq Global Market. It completed its business combination with Zoomcar, Inc. on Dec 28, 2023; the combined company is Zoomcar Holdings, Inc. (ZCAR). Cantor led the IPO. Reed Smith advised the SPAC and Ellenoff Grossman & Schole advised the underwriters on the IPO.
Zoomcar, founded in 2013 and headquartered in Bengaluru, India, runs a car-sharing marketplace across India, Southeast Asia and the MENA region. It connects vehicle owners with guests who rent from more than 25,000 available cars.
- Status
- Merger completed
- IPO date
- Oct 28, 2021
- IPO size
- $200M
- IPO exchange
- Nasdaq Global Market
- Target
- Zoomcar, Inc.
- Announced
- Oct 19, 2022
- Closed
- Dec 28, 2023
- Combined company
- Zoomcar Holdings, Inc. (ZCAR)
- IPO underwriters
- Cantor
- SPAC counsel (IPO)
- Reed Smith and Maples and Calder
- Underwriters' counsel (IPO)
- Ellenoff Grossman & Schole
More on this SPAC for subscribers
- Trust balance and value per share
- Redemptions at each extension and at the merger vote
- Liquidation deadline and extension history
- Merger proxy, registration statement and investor presentation
- Analyst notes from the filings
Every record in the database also has its full filing timeline, a daily-updated calendar, watchlist alerts and Excel export.
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Filings
- IPO prospectus (424B4) Oct 28, 2021
- Deal announcement (8-K) Oct 19, 2022
- Press release
- All filings on EDGAR CIK 1854275
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