Madan Menon - Dec 28, 2023 Form 4 Insider Report for Innovative International Acquisition Corp. (ZCAR)

Role: Director
Signature: /s/ Madan Menon
Stock symbol: ZCAR
Transactions as of: Dec 28, 2023
Transactions value $: $0
Form type: 4
Date filed: 1/2/2024, 08:14 PM
Previous filing: Oct 26, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZCAR	Common Stock, par value $0.0001	Other		+163K			163K	Dec 28, 2023	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Represents Class B ordinary shares that were acquired by Innovative International Sponsor I LLC (the "Sponsor") pursuant to a subscription agreement by and between the Sponsor and the issuer prior to the issuer's initial public offering. On December 28, 2023, the issuer consummated its initial business combination (the "Business Combination") with Zoomcar, Inc. In connection with the closing of the Business Combination, each then-outstanding ordinary share of the issuer was cancelled and converted into one share of common stock of the issuer, par value $0.0001 per share ("Common Stock"). On December 28, 2023, the Sponsor effected a distribution to its members, resulting in the issuance of 162,500 shares of Common Stock to the reporting person, so that the reporting person directly owns a total of 162,500 shares of Common Stock.

Content

Represents Class B ordinary shares that were acquired by Innovative International Sponsor I LLC (the "Sponsor") pursuant to a subscription agreement by and between the Sponsor and the issuer prior to the issuer's initial public offering. On December 28, 2023, the issuer consummated its initial business combination (the "Business Combination") with Zoomcar, Inc. In connection with the closing of the Business Combination, each then-outstanding ordinary share of the issuer was cancelled and converted into one share of common stock of the issuer, par value $0.0001 per share ("Common Stock"). On December 28, 2023, the Sponsor effected a distribution to its members, resulting in the issuance of 162,500 shares of Common Stock to the reporting person, so that the reporting person directly owns a total of 162,500 shares of Common Stock.