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Zoomcar Holdings (Innovative International Acquisition) Priced, Nasdaq: ZCAR

Blank check company formed by Mohan Ananda and the CEO of Frientap (completed 12/28/2023).

Industry: SPAC

Latest Trade: $0.34 0.00 (0.0%)

First Day Return: +1.0%

Return from IPO: -96.6%

Industry: SPAC

We are a blank check company. IIAC was formed by Dr. Mohan Ananda and Madan Menon, who are looking to leverage their extensive experience in starting and scaling businesses in the information technology and healthcare space, both domestically and internationally. The objective of IIAC is to partner with an organization that has attained growth revenue and is looking at expanding business lines and geographical areas. IIAC elected to incorporate in the Cayman Islands in order to ensure access to a wider deal flow from multiple countries such as India, UK, Singapore, etc. IIAC intends to focus its search for business combination targets in the following industries: consumer technology; healthcare; information technology services; and enterprise software as a service (SaaS). The management team and board of directors of IIAC has a wealth of experience in different industries and different countries. The objective of the IIAC team is to help target companies navigate novel cross border commerce as well as introduce invigorating practices adopted from different industries. We expect that the extensive experience of our founders, combined with the strong professional backgrounds of the independent directors, will position us well to identify an attractive target company and subsequently close an initial business combination.
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IPO Data
IPO File Date 10/06/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/26/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Cantor Fitzgerald
Company Data
Headquarters Dana Point, CA, United States
Founded 2021
Employees 3

Zoomcar Holdings (Innovative International Acquisition) (ZCAR) Performance