News > Zoomcar to list in U.S. via $456 mn SPAC deal
Zoomcar to list in U.S. via $456 mn SPAC deal
Dais Newsfeed | 14/10/2022 03:11 PM | Click to read full article
Indian car rental platform Zoomcar Inc said on Thursday it would go public in the United States after being acquired by blank-check firm Innovative International Acquisition Corp.
The deal will value the combined company at $456 million, including debt, Zoomcar said. The company said proceeds from a trust account that contains about $235 million will provide the capital for general working purposes.
