secwatch.observer — SEC 8-K summary
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Issuer:     Aeries Technology, Inc. (AERT)
CIK:        0001853044
Form:       8-K
Filed at:   2023-06-06T23:59:59+00:00
Accession:  0001193125-23-160926
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853044/000119312523160926/0001193125-23-160926-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853044/000119312523160926/d517285d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-160926

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer