---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-160926"
form_type: "8-K"
ticker: "AERT"
cik: "0001853044"
company_name: "Aeries Technology, Inc."
filed_at: "2023-06-06T23:59:59+00:00"
generated_at: "2026-06-14T06:51:14.500111+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Worldwide Webb Acquisition Corp. closes $5M PIPE at $4.84/share for Aeries merger

## Summary
- Signed Subscription Agreement for $5M PIPE ($4.84/share) with one unnamed investor; 1,033,058 Class A ordinary shares to be issued.
- PIPE closing conditional on and concurrent with business combination with Aeries Technology (Aark Singapore Pte. Ltd.).
- Shares issued in private placement exempt from registration under Section 4(a)(2)/Regulation D.
- CEO Daniel Webb calls PIPE a 'major step forward' for the business combination.

## SEC filing metadata
- accession: 0001193125-23-160926
- form_type: 8-K
- ticker: AERT
- cik: 0001853044
- company_name: Aeries Technology, Inc.
- filed_at: 2023-06-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1853044/000119312523160926/0001193125-23-160926-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1853044/000119312523160926/d517285d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-160926
- JSON: https://secwatch.observer/filing/0001193125-23-160926.json
- Plain text: https://secwatch.observer/filing/0001193125-23-160926.txt

## Key facts
- Material Agreements
  Aeries Technology, Inc. entered into Subscription Agreement with PIPE Investor valued at $5,000,000 (effective 2023-06-01).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: PIPE Investor
  - Value: $5,000,000
  - Effective: 2023-06-01
  source text: On June 1, 2023, in connection with its previously announced proposed business combination (the “Business Combination”) with Aark Singapore Pte. Ltd., a Singapore private company limited by shares, (“AARK”), Worldwide Webb Acquisition Corp., a Cayman Islands exempted company (“WWAC”), entered into a subscription agreement (the “Subscription Agreement”) with a certain investor (the “PIPE Investor”), pursuant to which, among other things, the PIPE Investor has agreed to subscribe for and purchase from WWAC, and WWAC has agreed to issue and sell to the PIPE Investor, an aggregate of 1,033,058 newly issued Class A ordinary shares, par value $0.0001 per share, of WWAC (“Class A ordinary shares”) for an aggregate purchase price of $5,000,000, on the terms and subject to the conditions set forth therein (the “PIPE Financing”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1853044/000119312523160926/0001193125-23-160926-index.htm

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