What changed in this filing

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Item 1. Legal Proceedings

2025-01-14 compared with 2025-01-14 · 44 added, 37 removed, 8 unchanged (91% of the section changed)

Legal Proceedings.

April 2024, an ex-shareholder of Otto Pvt Ltd., an indirect wholly owned Bahamian subsidiary of SSi(“ Otto ”) commenced

litigation in the Bahamas, seeking legal confirmation that it holds 9,000 shares (approximately a 9% interest) in Otto.

The litigation,

in which Otto is one of the defendants, relates to a purported transaction in 2021, at which time Dr.

Sudhir Srivastava, the Company’s

Chairman, Chief Executive Officer and principal shareholder, was the sole shareholder of Otto.

The plaintiff in the litigation alleges

that at that time, it acquired the 9,000 Otto shares from Dr.

However, as the plaintiff failed to pay the agreed upon consideration

for the shares, in July 2022, the shareholding was cancelled.

Srivastava along with Otto, has recently filed an action in the Bahamas

to confirm the cancellation of the shares and reconfirm their ownership and both actions are pending in the Bahamian courts.

court has issued an interim order to maintain the status quo as it stands today with respect to the 9,000 Otto shares at the center of

the dispute, as well as Otto’s shareholdings in Sudhir Srivastava Innovations Pvt Ltd.

(“ SSI-India ”), our Indian

operating subsidiary and SSI-India’s assets during the pendency of the litigation.

Based on legal opinions obtained from counsel,

the Company believes that there will be a favorable outcome in this case.

Notwithstanding

the foregoing, Dr.

Srivastava and the Company have entered into an Indemnification Agreement on October 12, 2024, pursuant to which Dr.

Srivastava has agreed to fully indemnify the Company for any claims, damages and costs (including legal fees) which it incurs in connection

with this litigation or in relation to any of his ventures prior to consummation of the Company’s acquisition by merger of CardioVentures,

in April 2023.

Note dated April 15, 2023, made by the Company in favor of Sushruta Pvt.

Agreement between the Company and Barry F.

In April 2024, an ex-shareholder of Otto Pvt

Ltd., an indirect wholly owned Bahamian subsidiary of SSi(“ Otto ”) commenced litigation in the Bahamas, seeking legal

confirmation that it holds 9,000 shares (approximately a 9% interest) in Otto.

The litigation, in which Otto is one of the defendants,

relates to a purported transaction in 2021, at which time Dr.

Sudhir Srivastava, the Company’s Chairman, Chief Executive Officer

and principal shareholder, was the sole shareholder of Otto.

The plaintiff in the litigation alleges that at that time, it acquired the

9,000 Otto shares from Dr.

However, as the plaintiff failed to pay the agreed upon consideration for the shares, in July

2022, the shareholding was cancelled.

Srivastava along with Otto, has recently filed an action in the Bahamas to confirm the cancellation

of the shares and reconfirm their ownership and both actions are pending in the Bahamian courts.

The Bahamian court has issued an interim

order to maintain the status quo as it stands today with respect to the 9,000 Otto shares at the center of the dispute, as well as Otto’s

shareholdings in Sudhir Srivastava Innovations Pvt Ltd.

(“ SSI-India ”), our Indian operating subsidiary and SSI-India’s

assets during the pendency of the litigation.

Based on legal opinions obtained from counsel, the Company believes that there will be

a favorable outcome in this case.

Notwithstanding the foregoing, Dr.

and the Company have entered into an Indemnification Agreement on October 12, 2024, pursuant to which Dr.

Srivastava has agreed to fully

indemnify the Company for any claims, damages and costs (including legal fees) which it incurs in connection with this litigation or

in relation to any of his ventures prior to consummation of the Company’s acquisition by merger of CardioVentures, Inc.

Description of Exhibit

Promissory Note dated April 15, 2023, made by the Company in favor of Sushruta Pvt.

Employment Agreement between the Company and Barry F.

Section 302 Certification – Chief Executive Officer (2)

2 unchanged sentences

Section 906 Certification – Chief Financial Officer (2)

XBRL Instance Document

XBRL Taxonomy Extension Schema Document

XBRL Taxonomy Extension Calculation Linkbase Document

XBRL Taxonomy Extension Definition Linkbase Document

XBRL Taxonomy Extension Label Linkbase Document

XBRL Taxonomy Extension Presentation Linkbase Document

Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

Inline XBRL Instance Document

Inline XBRL Taxonomy Extension Schema Document

Inline XBRL Taxonomy Extension Calculation Linkbase Document

Inline XBRL Taxonomy Extension Definition Linkbase Document

Inline XBRL Taxonomy Extension Label Linkbase Document

Inline XBRL Taxonomy Extension Presentation Linkbase Document

Cover Page Interactive Data File (formatted as Inline XBRL and contained

in Exhibit 101).

Compensation Plan or Arrangement.

to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by

the undersigned thereunto duly authorized.

INNOVATIONS INTERNATIONAL, INC.

(1) Previously filed.

(2) Filed herewith.

Pursuant to the requirements of the Securities

Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

SS INNOVATIONS INTERNATIONAL, INC.

January 14, 2025

/s/ Anup Sethi

Chief Financial Officer

Financial and Accounting Officer)

(Principal Financial and

Accounting Officer)

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q/A

Item 1. Legal Proceedings