Extraordinary general meeting of IOAC shareholders scheduled for October 25, 2023, to vote on the proposed business combination of IOAC with Zoomcar
Zoomcar is the world’s 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, as amended (the “Merger Agreement”)
Combined company expected to be named Zoomcar Holdings, Inc. and listed on NASDAQ in fourth quarter of 2023 under ticker “ZCAR”
BANGALORE, India, and DANA POINT, Calif., Oct. 3, 2023 /PRNewswire/ — Innovative International Acquisition Corp. (NASDAQ: IOAC) (“IOAC”), a Cayman Island registered blank-check special purpose acquisition company, and Zoomcar, Inc., a Delaware corporation (“Zoomcar”), an emerging market focused peer2peer car sharing company, are pleased to announce that IOAC’s registration statement on Form S-4, initially filed with the U.S. Securities and Exchange Commission (“SEC”) on February 7, 2023 (as amended, the “Registration Statement”), has been declared effective by the SEC. The Registration Statement was filed in connection with the proposed business combination between IOAC and Zoomcar, previously announced on October 13, 2022.
IOAC has scheduled an extraordinary general meeting of IOAC shareholders (the “IOAC Meeting”) to seek approval and adoption of the Merger Agreement among IOAC, Zoomcar and the other parties thereto and the transactions contemplated thereby (the “Transaction”), and other related matters, a key milestone in the business combination process.
The IOAC Meeting will be held on October 25, 2023, at 11:00 am Eastern Time at the offices of McDermott Will & Emery, LLP at One Vanderbilt Avenue, New York, NY 10017 and in virtual format at https://web.lumiagm.com/#/228230513 (password: innovative2023).
IOAC’s shareholders of record as of the close of business on September 20, 2023, are entitled to receive notice of, to vote, and have their votes counted at the IOAC Meeting and any adjournment thereof. The joint proxy statement, prospectus and other relevant documents in connection with the proposed Transaction will be mailed to IOAC’s shareholders as of the record date. The Registration Statement containing the joint proxy statement and prospectus contains important information about the proposed Transaction, the Merger Agreement, and the proposals to be considered at the IOAC Meeting. The Registration Statement containing the joint proxy statement, prospectus, and proposals to be considered is available through the SEC’s website at www.sec.gov.
The joint proxy statement also notifies Zoomcar stockholders of Zoomcar’s solicitation of written consents to the Merger Agreement and Transactions associated therewith. Zoomcar stockholders of record as of September 30, 2023 will be entitled to execute and deliver written consents and are encouraged to review the important information about the proposed Transaction contained in the proxy statement and written consent solicitation materials, in addition to the Registration Statement and IOAC’s other public filings available free of charge through the SEC’s website at www.sec.gov.
Mohan Ananda, the Chairman and CEO of IOAC stated “I am delighted to announce the SEC’s approval of the effectiveness of the S-4 registration statement. This significant milestone brings us one step closer to finalizing the merger transaction with Zoomcar, a leader in emerging markets as the largest car-sharing platform. With the explosion of emerging markets and the wave of global entrepreneurship, I am confident about Zoomcar’s bright future as a leading global mobility platform.”
Greg Moran, CEO and Co-Founder of Zoomcar commented, “We’re thrilled to announce this important milestone in our ongoing partnership with the IOAC team and we look forward to continuing the buildout of our peer2peer car sharing platform across our core emerging market geographies.”
The closing of the Transaction, which is expected to occur in the fourth quarter of 2023, is subject to approval by IOAC shareholders, Zoomcar stockholders and the other closing conditions set forth in the Merger Agreement. Upon closing of the Transaction, IOAC is expected to transfer by way of continuation out of the Cayman Islands and into the State of Delaware and be renamed Zoomcar Holdings, Inc., and will continue to operate under the Zoomcar management team, led by Greg Moran, Co-Founder and Chief Executive Officer of Zoomcar. The combined company’s common stock is anticipated to be listed on NASDAQ under ticker symbol “ZCAR.”
Advisors
Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, is acting as exclusive financial advisor and exclusive capital markets advisor to Zoomcar; Ellenoff Grossman & Schole LLP is acting as US legal advisor to Zoomcar. Lincoln International is acting as financial advisor to the special committee of the board of directors of IOAC (the “Special Committee”). Jett Capital Advisors, LLC is acting as financial advisor to IOAC; McDermott Will & Emery LLP is acting as US legal advisor to IOAC. Morris, Nichols, Arsht & Tunnell LLP is acting as legal advisor to the Special Committee. DLA Piper LLP (US) is acting as legal advisor to Cohen & Company Capital Markets.
About Innovative International Acquisition Corp.
IOAC is a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. IOAC’s management comprises of Dr. Mohan Ananda, Madan Menon and Elaine Price, along with a board of directors that builds on its ability, experience and network with cross border transactions and strategic growth.
About Zoomcar[1]
Founded in 2012 and headquartered in Bengaluru, India, Zoomcar is the leading marketplace for peer2peer car sharing across India, Indonesia and Egypt, with over 21,000 cars registered through its platform. The Zoomcar community connects vehicle owners with guests, who choose from a selection of cars for use at affordable prices, promoting sustainable, smart transportation solutions in growing markets.
Important Information and Where to Find It
This press release refers to a proposed transaction between IOAC and Zoomcar. This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. In connection with the transaction described herein, IOAC has filed relevant materials with the SEC, including a registration statement on Form S-4, which was declared effective by the SEC on September 29, 2023, and a final prospectus containing the definitive proxy statement, filed with the SEC on October 2, 2023. Security holders of IOAC, on the one hand, and Zoomcar, on the other, are encouraged to carefully review such information, including the risk factors and other disclosures therein. The definitive proxy statement/prospectus will be sent to all IOAC shareholders; Zoomcar stockholders will also receive a copy of the definitive proxy statement. IOAC also will file other documents regarding the proposed transaction with the SEC. Before making any voting or investment decision, investors and security holders of IOAC and Zoomcar are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed by IOAC with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction.
Investors and security holders may obtain free copies of the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by IOAC through the website maintained by the SEC at www.sec.gov.
Participants in the Solicitation
IOAC and Zoomcar and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from IOAC’s shareholders in connection with the proposed transaction. Information about IOAC’s directors and executive officers and their ownership of IOAC securities is set forth in IOAC’s filings with the SEC. Additional information regarding the interests of those persons and other persons who may be deemed participants in the proposed transaction may be obtained by reading the proxy statement/prospectus regarding the proposed transaction. You may obtain free copies of these documents as described in the preceding paragraph.
Forward-Looking Statements
This press release contains forward-looking statements, which are based on estimates, assumptions, and expectations. Actual results and performance could differ materially and adversely from those expressed or implied in forward-looking statements. IOAC and Zoomcar do not undertake any obligation to update any forward-looking statements, except as required by law.
LONDON, 3. Oktober 2023 /PRNewswire/ — Global Education Holdings (GEDU), der Anbieter von Hochschulbildung im Vereinigten Königreich, gab die erfolgreiche Übernahme des MLA College (MLA) in Großbritannien bekannt. Das MLA College ist ein weltweit tätiger, preisgekrönter Hochschulanbieter, der sich auf die Vermittlung von Fernstudienabschlüssen im Vereinigten Königreich spezialisiert hat, vor allem für den Marine- und Schifffahrtssektor. Die Transaktion ist ein weiterer wichtiger Schritt zur Ausweitung der globalen Ambitionen und der Reichweite von GEDU im Bildungsbereich.
Das 2012 gegründete MLA College (früher bekannt als Marine Learning Alliance Ltd) war zunächst an der University of Plymouth, der Partnerhochschule der MLA, angesiedelt. Heute ist die MLA eine registrierte Hochschuleinrichtung in England gemäß Abschnitt 4(5) des Higher Education and Research Act, 2017. Gegenwärtig arbeitet die MLA an der Erlangung der Befugnis zur Verleihung eines eigenen akademischen Grades und des Universitätsstatus.
Das Ziel des MLA College ist es, die Erfahrungen der Studierenden zu bereichern, die Relevanz für die Industrie zu erhöhen, eine erstklassige Ausbildung zu bieten und die kreative Zusammenarbeit und strategische Partnerschaften mit anderen nationalen und internationalen Bildungseinrichtungen und dem privaten Sektor zu fördern. „Wir vom MLA College sind der Meinung, dass Investitionen in Bildung und lebenslanges Lernen dazu beitragen, Einzelpersonen, Teams und Unternehmen auf eine sich entwickelnde globale Wirtschaft vorzubereiten. Wir vertreten und glauben an echte Bildung über Grenzen hinweg”, sagt Prof. Basak Akdemir, CEO des MLA College.
Das MLA College, das in seiner Eigenschaft als Bildungspartner des von UNITAR eingerichteten CIFAL (International Training Centre for Authorities and Leaders) City of London fungiert, hat vor kurzem seine Programme für globale nachhaltige Entwicklung gestartet, mit denen die Studierenden einen aktiven Beitrag zu den nachhaltigen Entwicklungszielen (SDGs) der Vereinten Nationen (UN) leisten. Das CIFAL City of London, das vom stellvertretenden Generalsekretär der Vereinten Nationen und dem Oberbürgermeister der Stadt London ins Leben gerufen wurde, zielt darauf ab, Kapazitäten im maritimen Sektor aufzubauen, um eine nachhaltige Zukunft zu schaffen. „Als Bildungsanbieter liegt es in unserer Verantwortung, Methoden zu entwickeln, die eine qualitativ hochwertige Bildung für alle ermöglichen, im Einklang mit den Zielen für nachhaltige Entwicklung der Vereinten Nationen”, erklärt Prof. John Chudley, Rektor des MLA College.
Informationen zu GEDU: Die Global Education Group ist in den Bereichen Hochschulbildung, Lehrlingsausbildung und Sprachschulen tätig – mit Niederlassungen in 12 Ländern, darunter die USA, Kanada, das Vereinigte Königreich, Irland, Deutschland, Frankreich, Spanien, Malta, die Vereinigten Arabischen Emirate, Indien, Saudi-Arabien und Australien.
Unser Portfolio deckt ein breites Spektrum an Hochschulfächern ab, die sich durch eine hohe Beschäftigungsfähigkeit auszeichnen und eine sehr gute studentische Erfahrung bieten.
Kontakt: Vanita Kerai Leiterin der Marketingabteilung von GEDU E-Mail: [email protected] Telefon: +44(0)7424536082
MilkPEP is Making it Easy to Cheer On this Year’s Runners by Offering Free Access to the Chicago Transit Authority’s (CTA’s) Red Line on Race Day (10/8)
CHICAGO, Oct. 3, 2023 /PRNewswire/ — On Sunday, October 8, Milk (yes, real dairy milk) is offering free rides on the CTA Red Line so all of Chicago (and those visiting!) can cheer on this year’s marathon runners. As part of Milk’s 26.2 Gonna Need Milk campaign, Milk is committed to sponsoring every woman running – and sponsorship means support. CTA’s Red Line is one of the easiest ways spectators can follow and cheer on their friends and family along the racecourse – and Milk is making cheering accessible to all.
#TeamMilk runners prepare for the Chicago Marathon
#TeamMilk runners refuel with chocolate milk
The 26.2 campaign is a nationwide program of support and a commitment to sponsor female marathon runners – putting incredible, real women and their stories in the spotlight. Milk’s Chicago presence marks a continuation of the program’s sponsorship tour, which started last year in New York and has continued to expand into a community of more than 8,000 Team Milk runners. This coming marathon weekend, Milk will be on the ground in Chicago with dedicated resources for #TeamMilk women runners from the expo to the race to recovery – in addition to the Red Line buyout.
Female runners can sign up to be a part of #TeamMilk to receive exclusive access to female-centric marathon training, recovery, and nutrition tips from leading experts, custom gear, and access to a growing community of women runners. #TeamMilk runners will also receive dedicated marathon recovery support at Milk’s Recovery Lounge after the race where they can relax and recover with compression boots and stretching experts from Amanda Boike Fitness, refuel with local Chicago DJ, DJ Chava, easily reunite with friends and family while repairing and rebuilding their muscles with Kemps chocolate milk – a Chicago staple. To help get our Team Milk runners home after accomplishing such an incredible feat, Milk is also providing complimentary rides from the Recovery Lounge.
To keep motivation high, the #TeamMilk cheer squad is also taking over a notoriously quiet portion of the course on the Cermak Road Bridge before mile marker 21 to help motivate runners to push through the last 5 miles of the race – a leg that has traditionally proven to be the most difficult. Milk wants to be there when it matters most.
But perhaps most importantly, Milk remains steadfast in their commitment to not only spotlight and support women running this weekend but inspire and encourage the next generation. For every woman that signs up for #TeamMilk, Milk will make a donation (up to $1,000,000 USD) to Girls on the Run, an organization dedicated to empowering girls through running and physical activity, through Milk’s ‘Every. Woman. Sponsored’ fund. Your run supports her run.
“Runners thrive when they have a strong support system, community, and nutrition. That’s why Milk is committed to supporting women along every step of their marathon journey. Dairy milk’s nutritional benefits help support her body during marathon training and recovery and the 26.2 program provides much needed sponsorship and community support,” said MilkPEP CEO Yin Woon Rani. “Chicago is a unique marathon since it starts and ends in the same location and spectators can easily follow and cheer on their runners along the route on the CTA Red Line. We wanted to take our support one step further in Chicago and help get as many people out to support the runners as possible by offering free rides on race day!”
Milk is covering all fares for those traveling CTA’s Red Line on Sunday, October 8, 2023 from 9:00 a.m. until 11:00 a.m. The CTA Red Line provides 24-hour train service between Howard on the North Side and 95th/Dan Ryan on the South Side via subway through downtown Chicago.
Did you know that dairy milk is an excellent nutritional partner for both marathon training and recovery? Milk’s nutrition can help provide sustained energy that fuels your run and can help repair and rebuild muscles, rehydrate, and help prevent next day muscle soreness. To learn more about Milk’s benefits for runners, #TeamMilk or to sign up, please visit gonnaneedmilk.com/26.2 or stop by Milk’s 26.2 booth after bib pick ups at the Abbott Health & Fitness Expo at the McCormick Place Lakeside Center from Thursday, October 5 through Saturday, October 7, 2023.
Good luck runners!
About the Milk Processor Education Program The Milk Processor Education Program (MilkPEP), Washington, D.C., is funded by the nation’s milk companies, and dedicated to educating consumers and increasing consumption of fluid milk. For more information, visit MilkPEP.org.
About Girls on the Run Founded in 1996 with 13 girls, Girls on the Run, an international nonprofit organization, has now served over 2.25 million girls. Over the course of the program, girls in 3rd-8th grade develop essential social, emotional and physical skills to successfully navigate life experiences. The program culminates with girls positively impacting their communities through a service project and being physically and emotionally prepared to complete a celebratory 5K event. With the largest 5K series by number of events in the world, Girls on the Run hosts more than 330 5Ks per year. Girls on the Run is included as a top research-based program in a Social-Emotional Learning Guide developed by researchers at Harvard University and has been recognized by the National Afterschool Association (NAA) as one of the most influential after-school programs. Visit www.girlsontherun.org to learn how to get involved in your community.
FAIRFIELD, New Jersey, 3 octobre 2023 /PRNewswire/ — Vela Diagnostics a annoncé aujourd’hui une collaboration de recherche avec SRL Inc., une entreprise japonaise de services de santé de premier plan. Ce partenariat vise à faciliter la distribution des solutions de diagnostic moléculaire de pointe de Vela Diagnostics au Japon.
Fondée en 1970, SRL Inc. (filiale de H.U Group Holdings Inc.) est une entreprise d’essais cliniques de laboratoire reconnue au Japon qui compte plus de 80 établissements commerciaux à l’échelle nationale. SRL Inc. se spécialise dans les essais complexes et sert des clients prestigieux en fournissant des solutions de diagnostic de maladies, la planification du traitement, la surveillance du pronostic après le traitement et les examens de santé.
L’accord de collaboration en recherche (ACR) entre Vela Diagnostics et SRL Inc. a été signé en juin 2023, marquant une étape importante dans leurs engagements communs à faire progresser les solutions de soins de santé au Japon. Vela Diagnostics vise à tirer parti du réseau de distribution complet de SRL Inc. et de sa compréhension du marché, ce qui lui permettra de présenter sa trousse de test de génotypage du VIH-1 SQ Sentosa® à des établissements de soins de santé et de diagnostic japonais.
Le Dr Tony Zhang, responsable de la recherche et du développement chez Vela Diagnostics, déclare que SRL Inc. a commencé des études de faisabilité pour la trousse de test de génotypage du VIH-1 SQ Sentosa®. « Le test de génotypage du VIH-1 SQ Sentosa® est la principale solution de VELA pour le séquençage de prochaine génération (SPG) automatisé du VIH-1, qui a obtenu la désignation DeNovo de la FDA en 2019, a expliqué le Dr Zhang. Grâce à son temps d’intervention réduit et à son délai d’exécution amélioré par rapport à d’autres trousses sur le marché, le test combine l’efficacité des techniques de séquençage de prochaine génération avec une sensibilité unique aux mutations dans trois cibles thérapeutiques clés. Il fournit des informations essentielles sur le profil de résistance aux médicaments du virus, ce qui pourrait révolutionner le dépistage du VIH au Japon. »
« Nous sommes ravis de nous associer à SRL Inc., a déclaré Sam Dajani, PDG de Vela Diagnostics. Le Japon offre d’énormes possibilités, et nous sommes convaincus que le vaste réseau et l’expertise de SRL Inc. augmenteront notre capacité à offrir des produits novateurs aux patients et aux fournisseurs de soins de santé de la région. Nous envisageons que le Japon se joigne au réseau mondial de spécialistes en VIH en utilisant les trousses de test de séquençage de prochaine génération de Vela Diagnostics couvrant l’Amérique du Nord et du Sud, l’Afrique, l’Europe, le Moyen-Orient, l’Asie du Sud-Est et l’Australie. De concert avec SRL Inc., nous prévoyons un partenariat fructueux qui améliorera les résultats pour les patients et contribuera à la lutte mondiale contre le VIH. »
À propos de Vela Diagnostics
Vela Diagnostics est un fournisseur de premier plan de solutions intégrées de diagnostic in vitro, de l’échantillon au résultat. Les solutions de test de VELA utilisent la plateforme automatisée Sentosa, ce qui offre la capacité unique de tirer parti d’un seul système pour les tests de séquençage de prochaine génération et PCR dans les domaines des maladies infectieuses et de l’oncologie.
NEW YORK, Oct. 3, 2023 /PRNewswire/ — Lauren Wesley Wilson, Founder and CEO of the ColorComm Corporation, announced the release of her first book, What Do You Need?:How Women of Color Can Take Ownership of Their Careers to Accelerate Their Path to Success (Publisher: Hay House).
What Do You Need? gives women of color a clear roadmap on how to navigate the unspoken rules in business. What Do You Need? empowers readers to create a strategic plan for their career by determining where they want to go and what they need to get there.
What do you need? This question, as simple as it is powerful, is not usually a question women of color get asked. But the answer to this question could be the difference between dreaming about a successful life and actually living one.
In her groundbreaking book, Lauren Wilson Wesley reveals the unwritten rules that women of color need to know in order to succeed in the workplace. Told through stories from her own career as well as ColorComm members and speakers, Lauren shares the playbook you’ll need to advance to the C-Suite. Among her lessons, she’ll teach you how to increase your value, know when to move up or move on, take (calculated) risks, and much more.
Whether you are a woman of color seeking to thrive in the workplace or an ally committed to creating an inclusive environment where everyone can excel, What Do You Need? is your indispensable roadmap to understanding, supporting, and empowering women of color in their careers.
What Do You Need? is published by Hay House and pre-orders are available now. What Do You Need? will be released April 2024.
About ColorComm Corporation
ColorComm Corporation was founded in 2011 to serve the needs of multicultural talent working in the communications, marketing, advertising, digital and public relations industries. The portfolio of brands under the ColorComm Corporation provides access and opportunity for people of color in business, delivers industry campaigns to inform and educate, counsels clients on crisis and media relations, and develops a community for those who want to achieve leadership and C-Suite positions. ColorComm Corporation includes the ColorComm Network, ColorComm Search, ColorComm Media Group and Men of Color in Communications.
LONDRES, 3 de octubre de 2023 /PRNewswire/ — Global Education Holdings (GEDU), el proveedor de educación superior en el Reino Unido, anunció la exitosa adquisición de MLA College (MLA) en el Reino Unido. MLA College es un proveedor global de educación superior galardonado que se especializa en la impartición de títulos de educación a distancia en el Reino Unido, principalmente para el sector marino y marítimo. La transacción marca otro paso significativo hacia la expansión de las ambiciones globales y el alcance educativo de GEDU.
Fundado en 2012, MLA College (anteriormente conocido como Marine Learning Alliance Ltd) tenía su sede inicialmente en la Universidad de Plymouth, la institución asociada de MLA. En la actualidad, MLA es una institución de educación superior registrada en Inglaterra de conformidad con la sección 4 (5) de la Ley de Investigación y Educación Superior de 2017. En la actualidad, MLA está trabajando para lograr sus propios poderes para otorgar títulos y su estatus de universidad.
El objetivo de MLA College es enriquecer la experiencia de los estudiantes, ampliar la relevancia de la industria, brindar educación de clase mundial y fomentar la colaboración creativa y las asociaciones estratégicas con otras instituciones educativas nacionales e internacionales y el sector privado. “En MLA College, creemos que invertir en educación y aprendizaje permanente ayudará a preparar a las personas, los equipos y las empresas para una economía global en evolución. Representamos y creemos en la verdadera educación más allá de las fronteras”, dijo el profesor Basak Akdemir, consejero delegado de MLA College.
MLA College, actuando en su calidad de socio educativo de CIFAL (Centro Internacional de Capacitación para Autoridades y Líderes) de la ciudad de Londres, establecido por UNITAR, ha lanzado recientemente sus programas de Desarrollo Sostenible Global en los que los estudiantes contribuyen activamente a los Objetivos de Desarrollo Sostenible (ODS) de Naciones Unidas (ONU). El CIFAL City de Londres, lanzado en la City por el Secretario General Adjunto de las Naciones Unidas y el Lord Mayor de la ciudad de Londres, aspira a desarrollar capacidades en el sector marítimo para crear un futuro sostenible. “Como proveedores de educación, es nuestra responsabilidad desarrollar métodos que permitan una educación de calidad para todos, en consonancia con los Objetivos de Desarrollo Sostenible de las Naciones Unidas”, afirmó el profesor John Chudley, rector del MLA College.
Acerca de GEDU: El grupo Global Education opera en los segmentos de educación superior, aprendizaje y escuelas de idiomas, con operaciones en 12 países, incluidos EE. UU., Canadá, Reino Unido, Irlanda, Alemania, Francia, España, Malta, Emiratos Árabes Unidos, India, Arabia Saudita y Australia.
Nuestra cartera cubre una amplia gama de especialidades de educación superior que tienen una alta empleabilidad y una experiencia estudiantil muy alta.
