Zoomcar Holdings, Inc. (NASDAQ:ZCAR), a company specializing in auto rental and leasing services, has announced the departure of its President, Mr. Adarsh Menon. The resignation was effective as of June 30, 2024, as per a recent filing with the Securities and Exchange Commission.
The Bengaluru-based firm, previously known as Innovative International Acquisition Corp., stated that Mr. Menon's departure was not due to any disagreements with the company's operations, policies, or practices. Details surrounding the reason for his resignation or his future endeavors were not disclosed in the filing.
Zoomcar Holdings, which also trades warrants under the ticker ZCARW on The Nasdaq Stock Market LLC, has not yet named a successor for Mr. Menon. The company's business address is listed as Anjaneya Techno Park, No.147, 1st Floor, Kodihalli, Bangalore, India.
The company, identified as an emerging growth company under SEC regulations, has not indicated whether it will be utilizing the extended transition period for complying with new or revised financial accounting standards.
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