{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-182054","form_type":"8-K","ticker":"AERT","cik":"0001853044","company_name":"Aeries Technology, Inc.","filed_at":"2023-07-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.782565+00:00","generated_at":"2026-06-13T12:53:32.233645+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"WWAC amends SPAC merger terms with AARK: value $349M, redemption threshold 89.15%","bullets":["AARK pre-transaction equity value set at $349M in revised Business Combination Agreement.","Redemption threshold raised from 85% to 89.15% to reduce risk of deal failure from high redemptions.","50,000 Employee Merger Consideration Shares to certain employees; remaining bonus shares to CEO/Chairman equally.","Pro Rata Reduction Percentage defined as (100 - RedemptionPct*100) / 10.85; impacts bonus share pool.","Amendment executed June 30, 2023; terms modify original March 11, 2023 agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-182054","json":"https://secwatch.observer/filing/0001193125-23-182054.json","markdown":"https://secwatch.observer/filing/0001193125-23-182054.md","text":"https://secwatch.observer/filing/0001193125-23-182054.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1853044/000119312523182054/0001193125-23-182054-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1853044/000119312523182054/d486306d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T12:53:32.233645+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"06875543c605058d8fcbf30c47ca7056a389e039","claim":"Aeries Technology, Inc. amended Amendment No. 1 to the Business Combination Agreement with Worldwide Webb Acquisition Corp., WWAC Amalgamation Sub Pte. Ltd., and Aark Singapore Pte. Ltd. valued at $349,000,000 (effective 2023-06-30).","evidence_excerpt":"On June 30, 2023, WWAC, Amalgamation Sub, and AARK entered into Amendment No. 1 to the Agreement (the “First Amendment”) to, among other things, (i) revise the pre-transaction equity value of the company to be $349,000,000, (ii) increase the redemption threshold percentage from 85.00% to 89.15%, and (iii) provide that 50,000 bonus shares will be issued to certain employees of AARK, and that any remaining bonus shares after applying the pro rata reduction percentage will be issued to the Chief Executive Officer and Chairman of the Company (as defined in the Agreement) in equal shares instead of being added to the pool of awards available under the 2023 Equity Incentive Plan.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1853044/000119312523182054/0001193125-23-182054-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Worldwide Webb Acquisition Corp., WWAC Amalgamation Sub Pte. Ltd., and Aark Singapore Pte. Ltd."},{"label":"Value","value":"$349,000,000"},{"label":"Effective","value":"2023-06-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}