Innovative International Acquisition Corp.
IOACU
NASDAQ Global Market9.61
USD
-2.82
- -
CIK
0001854275
ISIN
KYG4809M1179
CUSIP
G4809M117
Return %
Stock
S&P500
1Y
-11.06
26.53
3Y
-4.85
76.60
5Y
-4.85
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Mohan P. Ananda
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 24681 La Plaza Dana Point CA United States of America 92629
- IPO Date
- Oct 27, 2021
- CIK
- 0001854275
- Similar Companies
- Business
- Innovative International Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in 2021 and headquartered in Dana Point, California. The company focuses on identifying and consummating mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or other similar business transactions primarily in the sectors of consumer technology, healthcare, information technology services, and enterprise software as a service. It raises capital through public offerings and special purpose warrants to facilitate these transactions. Innovative International Acquisition Corp. does not have significant independent operations; instead, it seeks to partner with companies demonstrating strong growth potential and defensible market positions. The company completed its initial public offering in October 2021, raising approximately $230 million. A major recent development is its acquisition by Zoomcar, Inc., a leading emerging market-focused car-sharing platform, through a reverse merger transaction finalized in December 2023. This transaction marked Innovative's transition into a publicly listed entity under Zoomcar, expanding the business scope into the vehicle-sharing industry with geographic focus on emerging markets including India. The company operates as a subsidiary of Innovative International Sponsor I LLC and leverages its management team's expertise in cross-border transactions and global strategic growth to evaluate prospective targets across various industries.