8-K
filed October 18, 2023, 7:59 PM ET
ticker AERT
CIK 0001853044
other material
confidence high
sentiment neutral
materiality 0.60
WWAC shareholders approve deadline extension to 30 months; $10M in redemptions
Aeries Technology, Inc.
- Shareholders extended business combination deadline from 24 to up to 30 months post-IPO.
- 938,987 Class A shares redeemed for ~$10.0M at ~$10.66/share.
- Trust account holds $40.3M after redemptions; 3,779,067 Class A shares outstanding.
- Company is pursuing business combination with Aeries Technology (proxy mailed Oct 17).
- Trust agreement and articles amended for board to extend in one-month increments.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Aeries Technology, Inc.: Shareholders approved an amendment to the Articles to extend the business combination deadline from 24 to 30 months after the IPO, including up to five one-month extensions by the Board (effective 2023-10-18).
- Change
- charter amendment
- Effective
- 2023-10-18
Exact text from the filing
At the Meeting, the Company’s shareholders also approved a proposal to amend the Company’s amended and restated memorandum and articles of association (the “Articles”) to extend the date by which the Company must (1) consummate a merger
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Aeries Technology, Inc. amended Trust Agreement with Continental Stock Transfer & Trust Company (effective 2023-10-16).
- Action
- amendment
- Counterparty
- Continental Stock Transfer & Trust Company
- Effective
- 2023-10-16
Exact text from the filing
On October 16, 2023, following receipt of approval from its shareholders at its extraordinary general meeting of shareholders held October 16, 2023 (the “Meeting”), Worldwide Webb Acquisition Corp. (the “Company”) entered into an amendment to the investment management trust agreement, dated October 22, 2021, by and between the Company and Continental Stock Transfer & Trust Company (“Continental”), as trustee (the “Trust Agreement”), to amend the Trust Agreement to extend the date on which Continental must liquidate the trust account established in connection with the Company’s initial public offering that was consummated on October 22, 2021 (the “IPO”) if the Company has not completed its initial business combination.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Aeries Technology, Inc. shareholders approved Extension Amendment Proposal.
- Proposal
- charter amendment
- Outcome
- passed
Exact text from the filing
The applicable shareholders approved the Extension Amendment Proposal and the Trust Amendment Proposal. The voting results for each proposal were as follows: The Extension Amendment Proposal For Against Abstain 7,694,529 424,018 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Aeries Technology, Inc. shareholders approved Trust Amendment Proposal.
- Proposal
- charter amendment
- Outcome
- passed
Exact text from the filing
The applicable shareholders approved the Extension Amendment Proposal and the Trust Amendment Proposal. The voting results for each proposal were as follows: The Extension Amendment Proposal For Against Abstain 7,694,529 424,018 0 The Trust Amendment Proposal
View on SEC.gov
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