Aeries Technology Chairman exchanges AARK shares for 21.3M Class A shares; voting power rises to 72%

Aeries Technology, Inc.

Chairman Venu Raman Kumar exchanged 9,500 AARK shares for 21,337,000 Class A ordinary shares on April 5, 2024.
Following exchange, Mr. Kumar's beneficial ownership of Class A remains 73.8%; voting power increased from 26.7% to 72.0%.
Company's economic interest in AARK increased from 38.24% to 96.91%.
Class V ordinary share voting power reduced from 51.0% to 1.3% (except for extraordinary events).
Issuance exempt from registration under Section 4(a)(2) based on Mr. Kumar's accredited investor status.

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