Innovative International Sponsor I LLC - 26 Oct 2021 Form 3 Insider Report for Innovative International Acquisition Corp. (ZCAR)

Role: 10%+ Owner
Signature: /s/ Mohan Ananda, Ph.D.
Issuer symbol: ZCAR
Transactions as of: 26 Oct 2021
Net transactions value: $0
Form type: 3
Filing time: 26 Oct 2021, 21:44:31 UTC
Next filing: 01 Nov 2021
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	IOAC	Class B Ordinary Shares							26 Oct 2021	Class A Ordinary Shares	8,050,000		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	As described in the registrant's registration statement on Form S-1 (No. 333-260089) (the "Registration Statement") under the heading "Description of Securities - Founder Shares", the shares of Class B ordinary shares will automatically convert into shares of Class B ordinary shares at the time of the registrant's initial business combination on a one-for-one basis subject to certain adjustments and have no expiration date.
F2	These shares represent the shares of Class B ordinary shares held by the reporting person (the "Sponsor") that were acquired pursuant to a subscription agreement by and between the Sponsor and the registrant. The Class B ordinary shares owned by the Sponsor includes up to 1,050,000 shares that are subject to forfeiture in the event the underwriters of the initial public offering of the registrant's securities do not exercise their over-allotment option in full as described in the registrant's registration statement. Mohan Ananda is the manager of the reporting person and may be deemed to hold beneficial ownership of the shares of common stock held directly by the Sponsor. Mohan Ananda disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

Content

As described in the registrant's registration statement on Form S-1 (No. 333-260089) (the "Registration Statement") under the heading "Description of Securities - Founder Shares", the shares of Class B ordinary shares will automatically convert into shares of Class B ordinary shares at the time of the registrant's initial business combination on a one-for-one basis subject to certain adjustments and have no expiration date.

These shares represent the shares of Class B ordinary shares held by the reporting person (the "Sponsor") that were acquired pursuant to a subscription agreement by and between the Sponsor and the registrant. The Class B ordinary shares owned by the Sponsor includes up to 1,050,000 shares that are subject to forfeiture in the event the underwriters of the initial public offering of the registrant's securities do not exercise their over-allotment option in full as described in the registrant's registration statement. Mohan Ananda is the manager of the reporting person and may be deemed to hold beneficial ownership of the shares of common stock held directly by the Sponsor. Mohan Ananda disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.