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Aeries Technology Q1 FY2027 revenue up 43% to $21.9M; reaffirms FY guidance
Revenue $21.9M, +43% YoY; net income $2.2M vs $1.7M; operating cash flow $4.8M.
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Aeries settles $1.16M forward purchase liability with Sea Otter via cash and share collateral
Payment liability of $1,161,461 settled; $100,000 due Aug 5, 2026, then $75,000 monthly from Sep 15, 2026.
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Aeries Technology executes 1-for-8 reverse stock split, adjusts warrants accordingly
Effective June 12, 2026, every 8 old Class A shares became 1 new share; outstanding shares reduced from ~45.9M to ~5.7M.
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Aeries Technology announces 1-for-8 reverse stock split to regain Nasdaq compliance
Share consolidation at 1:8 ratio, effective June 12, 2026; shares to trade split-adjusted.
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Aeries Tech FY2026 revenue $70M, Adjusted EBITDA $8.3M above guidance; net income $3.5M
Revenue of $70M vs FY2025; net income $3.5M vs $(21.6)M loss.
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Aeries Technology receives Nasdaq delisting notice for bid price non-compliance; plans to request hearing
Received Nasdaq Staff delisting notice on March 31, 2026 for failing minimum bid price (Rule 5550(a)(2)).
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CTO Unni Nambiar resigns to lead India subsidiary; CEO Bhisham Khare appointed PAO
CTO Unnikrishnan Balakrishnan Nambiar resigned effective March 31, 2026 to take a leadership role at Aeries' wholly-owned India subsidiary.
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CFO Daniel S. Webb resigns effective March 30, 2026; CEO Bhisham Khare appointed Principal Financial Officer
CFO Daniel S. Webb agreed to resign effective March 30, 2026; mutual decision, no disagreement over operations.
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Aeries shareholders OK 1:10 reverse split but won't implement near term; $5M buyback authorized
Shareholders approved share consolidation up to 1:10, but Board does not intend to implement in near term.
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Aeries Technology authorizes up to $5.0M share repurchase program over 12 months
Board authorized up to $5.0M buyback of Class A ordinary shares over a twelve-month period.
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Aeries Tech Q3 FY26 revenue $17.5M, net income $1.2M; raises FY26 Adj. EBITDA guidance to $7-8M
Revenue of $17.5M, net income of $1.2M, adjusted EBITDA of $2.5M (14.1% margin).
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Aeries Technology amends Sandia forward purchase agreement; $1.8M outstanding with 15% interest
Outstanding amount of $1,812,063.23 recognized under amended Letter Agreement with Sandia.
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Aeries Technology extends share sale period with Sandia to Jan 9, 2026 at $1.05 floor
Amendment extends Designated Period for Class A ordinary share sales from Dec 31, 2025 to Jan 9, 2026.
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Aeries Technology reports Q2 net income $0.64M, first-half profitability; guides FY2026 Adj. EBITDA $6-8M
Revenue $17.36M (+3% YoY); net income $0.64M vs net loss $2.31M in Q2 FY2025.
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Aeries Technology receives Nasdaq bid price deficiency notice; 180 days to cure
Nasdaq notice on Sept 30, 2025: AERT failed to maintain $1.00 minimum bid for 30 consecutive business days through Sept 26.
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Aeries Technology enters ATM equity offering for up to $4.485M with Roth Capital
Sales Agreement with Roth Capital Partners for at-the-market offering of Class A ordinary shares up to $4.485M.
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Aeries restructures $2.66M forward purchase liability; may issue up to 500K+ shares to Sandia
Remaining liability of $2,656,222.87 under Forward Purchase Agreement with Sandia.
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Aeries Tech Q1 net income $1.7M vs loss $15.3M YoY; cash flow positive
Revenue of $15.3M, driven by demand for AI-powered GCC services.
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Aeries Technology regains compliance with Nasdaq minimum bid price requirement
Received Nasdaq notification on July 17, 2025 confirming compliance with Rule 5550(a)(2); matter closed.
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Aeries Technology reports FY2025 revenue $70.2M, Core Adj EBITDA $7.4M beat; reaffirms FY2026 outlook
Revenue $70.2M; North America up 15% YoY to $65.5M, now 93.3% of mix.
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Aeries beats core EBITDA guidance, reports FY2025 net loss $21.6M
Revenue $70.2M (-3.2% YoY); North America revenue $65.5M (+15% YoY).
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Aeries Technology expects FY2025 operating loss of ~$28.8M vs prior year income of $3.0M
Preliminary loss from operations of approximately $28.8M for year ended March 31, 2025.
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Director Ramesh Venkataraman to resign from board, become advisory chair
Venkataraman resigns from Board effective June 30, 2025.
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Aeries Tech shareholders approve charter amendments, elect directors, ratify auditor; new exec employment agreements
Shareholders approved Second Amended and Restated Memorandum and Articles of Association by special resolution, modifying rights of security holders.
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Aeries Technology receives Nasdaq bid-price deficiency notice; cure period until Aug 19, 2025
Nasdaq notified AERT on Feb 20, 2025 that shares closed below $1.00 for 30 consecutive business days through Feb 19.
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Aeries Tech Q3 FY2025 revenue $17.6M (-6.8% YoY); net income $2.0M swings from prior loss; core adj EBITDA $1.5M
Revenue $17.6M, down 6.8% YoY; North America revenue up 13.1%.
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Aeries Tech resets forward purchase to $0.25, CFO Nair terminated, CEO becomes interim CFO, pay cuts of 29%
Amended forward purchase agreement sets Reset Price at $0.25/share; maturity extended to 14 months post-Nov 2023 business combination.
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Aeries Technology Q2 FY2025 net loss $2.3M; revenue down 4% to $16.9M
Revenue $16.9M, down 4% YoY; North America revenue $15.7M, up 13% from $13.9M.
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Aeries receives Nasdaq deficiency notice for late 10-Q and 10-K; has until Sep 30 for compliance plan
Notice received Sep 5, 2024 for failure to timely file Q2 FY2025 10-Q and still delinquent FY2024 10-K (due Mar 31, 2024).
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Aeries Technology dismisses auditor KNAV, appoints MCA as new independent accountant
Audit committee dismissed KNAV CPA LLP on Aug 11, 2024; replaced by Manohar Chowdhry & Associates (MCA) for FY2024 and FY2023 audits.
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Aeries Technology receives Nasdaq deficiency notice for delayed FY2024 10-K filing
Received Nasdaq notice on July 31, 2024 for failure to timely file FY2024 Form 10-K.
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Aeries Technology boosts share reserve to 11.93M, adds evergreen provision, amends exec agreements
Board approved Amendment No. 1 to 2023 Equity Incentive Plan, increasing authorized shares to 11,928,287.
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Aeries Technology raises $5M via PIPE at $2.21/share with institutional investor
Issued 2,261,778 new Class A ordinary shares at $2.21 per share to Oyster Bay Fund Limited.
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Aeries Technology Chairman exchanges AARK shares for 21.3M Class A shares; voting power rises to 72%
Chairman Venu Raman Kumar exchanged 9,500 AARK shares for 21,337,000 Class A ordinary shares on April 5, 2024.
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Aeries Technology Q3 FY2024 revenue up 49% to $18.9M; net loss $(16.3)M from SPAC-related charge
Revenue $18.9M, up 49% YoY vs $12.7M.
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Aeries Technology dismisses Marcum as auditor, appoints KNAV effective Feb 1, 2024
Audit committee dismissed Marcum LLP and appointed KNAV CPA LLP as independent auditor on Feb 1, 2024.
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Aeries Technology files amendment to restate financials, updates beneficial ownership
Restates audited carve-out financials of AARK for years ended March 31, 2023 and 2022, and unaudited periods in 2023.
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Aeries Technology restates AARK carve-out financials; control deficiency identified
Issued 361,338 Class A shares to vendors/third parties in lieu of cash for business combination expenses.
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AARK posts $33.9M revenue, $1.42M net income for H1 FY2024; exec comp detailed
AARK (acquired entity) reports revenues of $33.9M for six months ended Sep 30, 2023, up from $25.3M YoY.
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Aeries Technology reports Q2 FY2024 revenue up 38% to $17.6M; net income turns positive
Q2 FY2024 revenue $17.6M (+38% YoY); net income $926K vs $222K loss; adj. EBITDA $2.9M (+107%).
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Aeries Technology completes SPAC business combination, begins trading on Nasdaq
Business combination closed Nov 6, 2023; WWAC renamed Aeries Technology, Inc. (AERT).
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WWAC enters new FPA, amendments, and non-redemption deal to secure funding for Aeries merger
New Forward Purchase Agreement with Meteora Capital for up to 250,000 Class A shares on same terms as prior FPAs.
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WWAC enters forward purchase and non-redemption agreements for up to ~3M shares and 1.24M redemption reversals
Forward Purchase Agreement allows Seller to buy up to 3,000,000 WWAC Class A shares at trust redemption price.
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WWAC shareholders approve business combination with Aeries Technology; closing expected Nov 6
99.87% of votes cast (81.71% of outstanding shares) approved the business combination.
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WWAC signs $3M PIPE, amends merger terms with AARK, reduces lock-up to 80%
PIPE investor to buy 620K Class A shares for $3,000,800 ($4.84/share); closes with the business combination.
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Worldwide Webb Acquisition Corp. postpones Annual General Meeting to November 2, 2023
Meeting originally slated for Oct 30, 2023 moved to Nov 2, 2023 at 9:00 a.m. MT; proposals unchanged.
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WWAC shareholders approve deadline extension to 30 months; $10M in redemptions
Shareholders extended business combination deadline from 24 to up to 30 months post-IPO.
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WWAC enters 11 non-redemption agreements covering 3.7M shares; up to $16.1M may be redeemed
Entered 11 non-redemption agreements covering 3,733,623 Class A shares ahead of Oct 16 extension vote.
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WWAC amends BCA and sponsor support; non-redemption shares total 3.73M
Amendment No. 2 to BCA increases Employee Merger Consideration Shares from 50,000 to 52,600.
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Worldwide Webb enters non-redemption agreements covering 2.38M shares to extend deadline
Agreements with unaffiliated holders of 2,384,613 Class A shares to not redeem in support of extending the business combination deadline.