0001829126-24-002350.txt : 20240409
0001829126-24-002350.hdr.sgml : 20240409
20240409210558
ACCESSION NUMBER: 0001829126-24-002350
CONFORMED SUBMISSION TYPE: 4/A
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240326
FILED AS OF DATE: 20240409
DATE AS OF CHANGE: 20240409
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Khare Bhisham
CENTRAL INDEX KEY: 0001999214
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40920
FILM NUMBER: 24834037
MAIL ADDRESS:
STREET 1: PAVILLE HOUSE, TWIN TOWER LANE
STREET 2: 5TH FLOOR
CITY: MUMBAI
STATE: K7
ZIP: 400025
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Aeries Technology, Inc.
CENTRAL INDEX KEY: 0001853044
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MANAGEMENT CONSULTING SERVICES [8742]
ORGANIZATION NAME: 07 Trade & Services
IRS NUMBER: 000000000
FISCAL YEAR END: 0331
BUSINESS ADDRESS:
STREET 1: 190 ELGIN AVENUE
CITY: GEORGE TOWN
STATE: E9
ZIP: KY1-9008
BUSINESS PHONE: 415-629-9066
MAIL ADDRESS:
STREET 1: 190 ELGIN AVENUE
CITY: GEORGE TOWN
STATE: E9
ZIP: KY1-9008
FORMER COMPANY:
FORMER CONFORMED NAME: Worldwide Webb Acquisition Corp.
DATE OF NAME CHANGE: 20210324
4/A
1
ownership.xml
FORM 4/A
X0508
4/A
2024-03-26
2024-03-26
0
0001853044
Aeries Technology, Inc.
AERT
0001999214
Khare Bhisham
C/O AERIES TECHNOLOGY, INC. 60 PAYA
LEBAR ROAD, #08-13 PAYA LEBAR SQUARE
SINGAPORE
U0
409051
SINGAPORE
0
1
0
0
CRO & COO Americas
0
Aeries Shares Put Exchange Right
2024-03-26
4
A
0
59110
A
Class A Ordinary Shares
851184
59110
D
Aeries Shares Call Exchange Right
2024-03-26
4
D
0
59110
A
Class A Ordinary Shares
851184
59110
D
Aeries Shares Put Exchange Right
2024-03-26
4
A
0
59110
A
Class A Ordinary Shares
851184
59110
I
See footnote
Aeries Shares Call Exchange Right
2024-03-26
4
D
0
59110
A
Class A Ordinary Shares
851184
59110
I
See footnote
Pursuant to the terms and subject to the restrictions set forth in that certain Exchange Agreement, dated as of November 6, 2023 (as amended, the "Exchange Agreement"), by and among Aeries Technology, Inc. (the "Issuer"), Aeries Technology Group Business Accelerators Private Limited ("Aeries"), the reporting person, and the other parties thereto, the reporting person has a put exchange right, subject to certain exercise conditions, to exchange the reporting person's ordinary shares of Aeries, par value of INR 10 per share (the "Aeries Shares"), for Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares") of the Issuer, at an exchange rate of 14.40 Class A Ordinary Shares for each Aeries Share. The Issuer also has a call exchange right under the Exchange Agreement, subject to the exercise conditions, to require the reporting person to exchange up to all of the reporting person's Aeries Shares for Class A Ordinary Shares.
(Continued from footnote 1) The Issuer determined that the exercise conditions to the exchange rights were satisfied on March 26, 2024. After April 1, 2024, the reporting person has the right to exchange 100% of the Aeries Shares. In addition, subject to certain conditions, either the call exchange or put exchange may be settled with a cash exchange payment calculated as the arithmetic average of the volume-weighted average price of Class A Ordinary Shares for the five (5) consecutive trading days ending on the date that is two (2) business days after the reporting person delivers notice of the exercise of the put exchange.
Represents Class A Ordinary Shares issuable pursuant to the exercise of exchange rights with respect to Aeries Shares held by the Aeries Employee Stock Option Trust ("ESOP Trust") for which the reporting is person is a beneficiary and assumes distribution of such Aeries Shares by the ESOP Trust to the reporting person prior to an exchange for Class A Ordinary Shares.
On March 28, 2024, the reporting person filed a Form 4 with an inadvertent rounding error in the application of the exchange ratio. This amendment reported the updated "Amount of Number of Shares" after applying the exchange ratio of 14.40 Class A ordinary shares of the Issuer for each ordinary share of Aeries in accordance with the Exchange Agreement.
/s/ Bhisham Khare
2024-04-09