0000000000-23-008949.txt : 20231121 0000000000-23-008949.hdr.sgml : 20231121 20230816163006 ACCESSION NUMBER: 0000000000-23-008949 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20230816 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Innovative International Acquisition Corp. CENTRAL INDEX KEY: 0001854275 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AUTO RENTAL & LEASING (NO DRIVERS) [7510] IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 24681 LA PLAZA #300 CITY: DANA POINT STATE: CA ZIP: 92629 BUSINESS PHONE: 805-907-0597 MAIL ADDRESS: STREET 1: 24681 LA PLAZA #300 CITY: DANA POINT STATE: CA ZIP: 92629 PUBLIC REFERENCE ACCESSION NUMBER: 0001104659-23-011797 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]#;VQO7!E+UA/8FIE8W0O5VED=&@@,30R."],96YG=&@@,S8U+T)I='-097)# M;VUP;VYE;G0@.#X^7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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Amendment No. 3 to Registration Statement on Form S-4 Filed August 8, 2023 File No. 333-269627 Dear Mohan Ananda: We have reviewed your amended registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our July 14, 2023 letter. Amendment No. 3 to Registration Statement on Form S-4 Certain Unaudited Projected Financial Information, page 141 1. We note your disclosure that due to certain developments from the time of the signing of the Merger Agreement through June 30, 2023, Zoomcar management determined that the initial financial projections no longer represented management s reasonable view on Zoomcar s future financial performance and decided to obtain revised projections. Please revise to provide more detail describing these developments. In addition, we note your disclosure that the updated financial projections were not available to and, accordingly, not considered by the IOAC Board in connection with its initial approval of the Merger Agreement. Please revise to clarify whether the changed circumstances have altered the IOAC Board's consideration and decision to recommend the business combination. Mohan Ananda Innovative International Acquisition Corp. August 16, 2023 Page 2 Zoomcar Inc. Consolidated Balance Sheets, page F-48 2. We note the changes made to your balance sheet in response to comment 6. Please explain why the notes to your financial statements do not include the disclosures outlined in ASC 250-10-50-7 with respect to the change in classification in your balance sheet of your redeemable noncontrolling interest. Also, please explain why your auditors did not dual date their audit report with respect to the correction of this error. You may contact Abe Friedman at 202-551-8298 or Linda Cvrkel at 202-551-3813 if you have questions regarding comments on the financial statements and related matters. Please contact Taylor Beech at 202-551-4515 or Donald Field at 202-551-3680 with any other questions. Sincerely, FirstName LastNameMohan Ananda Division of Corporation Finance Comapany NameInnovative International Acquisition Corp. Office of Trade & Services August 16, 2023 Page 2 cc: Ari Edelman FirstName LastName