Summary by Moomoo AI
On December 6, 2024, Mark Bailey resigned from the board of directors of Zoomcar Holdings, Inc., effective immediately. The company filed a Form 8-K with the U.S. Securities and Exchange Commission to report this change in board composition.Zoomcar emphasized that Bailey's decision to resign was not due to any disagreement with the company's operations, policies, or practices. This statement aims to reassure stakeholders that the departure does not signal internal conflicts or operational issues within the organization.As an emerging growth company listed on Nasdaq, Zoomcar is required to promptly disclose such changes in board membership. The company's common stock and warrants continue to trade under the symbols ZCAR and ZCARW, respectively.