---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-068751"
form_type: "8-K"
ticker: "AERT"
cik: "0001853044"
company_name: "Aeries Technology, Inc."
filed_at: "2023-03-13T23:59:59+00:00"
generated_at: "2026-06-18T04:54:18.185014+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Worldwide Webb Acquisition Corp. enters business combination with AARK/Aeries at $346M pre-transaction equity value

## Summary
- Pre-transaction equity value of Aeries: $346M. Closing expected Q3 2023, subject to shareholder and regulatory approvals.
- Consideration includes up to 3.75M bonus Class A shares for non-redeeming shareholders; Class V share with 26% voting power.
- Sponsor to cancel up to 1.5M shares; earnout shares released if stock hits $12/$14/$16 VWAP thresholds over 20 of 30 days.
- Minimum available cash at closing: $30M; Company also seeks $50M in additional capital from third parties.
- Post-closing board of 7 directors, 5 designated by AARK; Aeries management to become officers of combined company.

## SEC filing metadata
- accession: 0001193125-23-068751
- form_type: 8-K
- ticker: AERT
- cik: 0001853044
- company_name: Aeries Technology, Inc.
- filed_at: 2023-03-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1853044/000119312523068751/0001193125-23-068751-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1853044/000119312523068751/d481701d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-068751
- JSON: https://secwatch.observer/filing/0001193125-23-068751.json
- Plain text: https://secwatch.observer/filing/0001193125-23-068751.txt

## Key facts
- Material Agreements
  Aeries Technology, Inc. entered into Business Combination Agreement with Worldwide Webb Acquisition Corp., WWAC Amalgamation Sub Pte. Ltd., and Aark Singapore Pte. Ltd. valued at pre-transaction equity value of Aeries of $346 million (effective 2023-03-11).
  - Action: entry
  - Agreement: merger
  - Counterparty: Worldwide Webb Acquisition Corp., WWAC Amalgamation Sub Pte. Ltd., and Aark Singapore Pte. Ltd.
  - Value: pre-transaction equity value of Aeries of $346 million
  - Effective: 2023-03-11
  source text: On March 11, 2023, Worldwide Webb Acquisition Corp., a Cayman Islands exempted company (the “Company”), entered into the Business Combination Agreement (the “Business Combination Agreement”), with WWAC Amalgamation Sub Pte. Ltd., a Singapore private company limited by shares and a direct wholly-owned Subsidiary of the Company, with company registration number 202300520W (“Amalgamation Sub”), and Aark Singapore Pte. Ltd., a Singapore private company limited by shares, with company registration number 200602001D (“AARK", together with the Company and Amalgamation Sub, collectively, the “Parties” and individually a “Party”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1853044/000119312523068751/0001193125-23-068751-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.