Aeries restructures $2.66M forward purchase liability; may issue up to 500K+ shares to Sandia

Aeries Technology, Inc.

Remaining liability of $2,656,222.87 under Forward Purchase Agreement with Sandia.
Sandia will sell 1,232,893 Class A shares at minimum $1.05 through Dec 31, 2025 to offset debt.
If proceeds insufficient, Aeries to issue at least 500,000 additional shares at floor of $1.00 per share.
Additional shares to be registered for resale through June 30, 2026; cash settlement options exist.
Delisting from Nasdaq accelerates payment due within 30 days.

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