secwatch.observer — SEC 8-K summary
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Issuer:     Aeries Technology, Inc. (AERT)
CIK:        0001853044
Form:       8-K
Filed at:   2023-10-10T23:59:59+00:00
Accession:  0001193125-23-253164
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Worldwide Webb enters non-redemption agreements covering 2.38M shares to extend deadline
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- Agreements with unaffiliated holders of 2,384,613 Class A shares to not redeem in support of extending the business combination deadline.
- Holders receive 1% of Non-Redeemed Shares as Commitment Shares, plus 1.5% for first monthly extension and 3% for each subsequent extension.
- Commitment and Monthly Extension Shares issued upon closing of a business combination; Sponsor forfeits equal number of Class B shares.
- Extension moves deadline from 24 to 25 months from IPO, with option for up to five additional one-month extensions (total 30 months).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853044/000119312523253164/0001193125-23-253164-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853044/000119312523253164/d361081d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-253164

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