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