secwatch.observer — SEC 8-K summary
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Issuer:     Aeries Technology, Inc. (AERT)
CIK:        0001853044
Form:       8-K
Filed at:   2024-04-09T23:59:59+00:00
Accession:  0001829126-24-002342
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 3.02, 8.01, 5.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853044/000182912624002342/0001829126-24-002342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853044/000182912624002342/aeriestechno_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-002342

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