Innovative International Acquisition Corp.
Completed 2023-12-28- CIK 1854275
- IOAC
- Now ZCAR
- IPO 2021-10-28
- $30.7M trust
- 296 filings
Successfully merged with Zoomcar, Inc. • Now trading as ZCAR
- IPO Size
- $230M
- raised at the IPO
- Trust
- $30.7M
- as of 2023-09-30
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2021
- year it listed
Filings, by quarter
296 filings over 22 quarters; violet bars carry a milestone
- 21 Q3: 3 filings
- 21 Q4: 26 filings
- 22 Q1: 3 filings
- 22 Q2: 1 filing
- 22 Q3: 2 filings
- 22 Q4: 13 filings
- 23 Q1: 13 filings
- 23 Q2: 12 filings
- 23 Q3: 17 filings
- 23 Q4: 39 filings
- 24 Q1: 29 filings
- 24 Q2: 12 filings
- 24 Q3: 11 filings
- 24 Q4: 20 filings
- 25 Q1: 16 filings
- 25 Q2: 15 filings
- 25 Q3: 9 filings
- 25 Q4: 3 filings
- 26 Q1: 20 filings
- 26 Q2: 16 filings
- 26 Q3: 15 filings
- 26 Q4: 1 filing
- S-1 filed 21 Q3
- IPO 21 Q4
- Definitive agreement 22 Q4
- Completed 23 Q4
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
Innovative International Acquisition Corp. is a blank-check company seeking an initial business combination with an operating business. It focuses on consumer technology, healthcare, information technology services, and enterprise SaaS.
Investment Focus
Consumer, Technology, Healthcare, IT Services, Software
Geographic Focus
US, Asia-Pacific (APAC)
Key Information
As the filings state it
- IPO Date
- 2021-10-28
- Total Redemptions
- $236M
- PIPE
- $10M
- Jurisdiction of Incorporation
- Delaware
- SIC
- 6770
- Completion Date
- 2023-12-28
- Merger Target
- Zoomcar, Inc.
- SPAC Ticker
- IOAC
- Merged Ticker
- ZCAR
Stock Performance
ZCARTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2022-01-04 | $9.88 | |
| At Merger | 2023-12-29 | $3.69 | -63% |
| 6 Months Post-Merger | 2024-07-01 | $0.15 | -96% |
| 1 Year Post-Merger | 2024-12-30 | $2.12 | -43% |
| 2 Years Post-Merger | 2025-12-29 | $0.06 | -98% |
| Current Price | 2026-10-16 | $0.02 | -100% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
Founded by Mohan Ananda and Madan Menon, with experience in technology and healthcare businesses, entrepreneurship, public-company leadership, finance, and cross-border operations; independent directors bring backgrounds in entertainment, digital transformation, finance, and corporate treasury.