secwatch.observer — SEC 8-K summary
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Issuer:     Aeries Technology, Inc. (AERT)
CIK:        0001853044
Form:       8-K
Filed at:   2024-04-12T23:59:59+00:00
Accession:  0001829126-24-002425
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aeries Technology raises $5M via PIPE at $2.21/share with institutional investor
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- Issued 2,261,778 new Class A ordinary shares at $2.21 per share to Oyster Bay Fund Limited.
- Gross proceeds $5M; net proceeds ~$4.75M after 5% placement agent commission.
- Beneficial ownership limitation set at 4.99% (or 9.99% at investor election).
- Proceeds to be used for general corporate and working capital purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853044/000182912624002425/0001829126-24-002425-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853044/000182912624002425/aeriestechnology_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-002425

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer