Aeries Technology, Inc. (AERT): auditor change — Aeries Technology restates AARK carve-out financials; control deficiency identified

Aeries Technology, Inc.

Issued 361,338 Class A shares to vendors/third parties in lieu of cash for business combination expenses.
Restating AARK carve-out financials for fiscal years 2022-2023 and interim periods due to EPS and share count errors from a 1,000-for-1 stock split.
Previously filed financial statements in 8-Ks (Nov 13, Nov 30) and S-4 should no longer be relied upon.
CEO and CFO found control deficiency from lack of inter-entity communication; implementing remediation measures.

item 3.02 item 4.02

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Aeries Technology, Inc. reported that prior financial statements should not be relied upon.

Action: non reliance
Auditor: KNAV CPA LLP (formerly known as KNAV P.A.)

Exact text from the filing

the audit report on the carve-out consolidated financial statements of AARK as of and for the year ended March 31, 2023 and March 31, 2022, issued by KNAV CPA LLP (formerly known as KNAV P.A.), AARK’s independent registered public accounting firm (the “Independent Accountants”) included in the Company’s Current Report on Form 8-K filed on November 13, 2023 and the Company’s initial registration statements on Form S-4 and S-4/A filed in connection with the Company’s initial business combination should no longer be relied upon.

View on SEC.gov

Browse all auditor changes →

Aeries Technology, Inc. filing history →

Source: SEC EDGAR

accession 0001829126-23-008022

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.