secwatch / observer
8-K filed October 10, 2023, 7:59 PM ET ticker AERT CIK 0001853044
other material confidence high sentiment neutral materiality 0.50

Worldwide Webb enters non-redemption agreements covering 2.38M shares to extend deadline

Aeries Technology, Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Aeries Technology, Inc. entered into Non-Redemption Agreement with certain unaffiliated third parties valued at 2,384,613 Class A ordinary shares subject to non-redemption; Holder receives 1% of Non-Redeemed Shar (effective 2023-10-08).

Action
entry
Counterparty
certain unaffiliated third parties
Value
2,384,613 Class A ordinary shares subject to non-redemption; Holder receives 1% of Non-Redeemed Shar
Effective
2023-10-08
Exact text from the filing
On October 8, 2023, Worldwide Webb Acquisition Corp. (the “Company” or “WWAC”) and Worldwide Webb Acquisition Sponsor, LLC (the “Sponsor”), the sponsor of the Company, entered into non-redemption agreements (each, a “Non-Redemption Agreement”) with certain unaffiliated third parties (each, a “Holder,” and collectively, the “Holders”) in exchange for the Holder or Holders agreeing either not to request redemption in connection with the Extensions (as defined below) or to reverse any previously submitted redemption demand in connection with the Extension with respect to an aggregate of 2,384,613 Class A ordinary shares, par value $0.0001 per share (the “Class A ordinary shares”, and such shares subject to each Non-Redemption Agreement, the “Non-Redeemed Shares”), of the Company sold in its initial public offering (the “IPO”) at the extraordinary general meeting called by the Company to, among other things, approve an amendment to the Company’s amended and restated memorandum and articles
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Aeries Technology, Inc. filing history →

Source: SEC EDGAR
accession 0001193125-23-253164
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