• Zoomcar, Inc. and IOAC consummated the merger transaction comprising IOAC’s initial business combination on December 28, 2023
• Combined Company will be named Zoomcar Holdings, Inc. expects to begin trading on NASDAQ under ticker symbol “ZCAR” stock ticker on December 29, 2023
• Zoomcar is a 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 (the “Merger Agreement”)
  

To Read more: https://www.globenewswire.com/news-release/2023/12/28/2801876/0/en/Zoomcar-the-World-s-Largest-Emerging-Market-Focused-Car-Sharing-Platform-Announces-Completion-of-its-Business-Combination-with-Innovative-International-Acquisition-Corporation-IOAC.html