Aeries Technology, Inc. Files S-1/A Amendment

TL;DR

<b>Aeries Technology, Inc. has filed an S-1/A amendment, providing updated financial information and corporate details.</b>

AI Summary

Aeries Technology, Inc. (AERTW) filed a Amended IPO Registration (S-1/A) with the SEC on February 26, 2024. Aeries Technology, Inc. filed an S-1/A amendment on February 26, 2024. The company was formerly known as Worldwide Webb Acquisition Corp. and changed its name on March 24, 2021. The filing covers the period from April 1, 2023, to December 31, 2023. Key financial statement data points are available for various periods, including Q3 2023 and Q3 2022. The company's fiscal year ends on March 31.

Why It Matters

For investors and stakeholders tracking Aeries Technology, Inc., this filing contains several important signals. This amendment updates the company's registration statement, which is crucial for potential investors to assess its financial health and business prospects. The inclusion of historical financial data allows for trend analysis and comparison of performance over different periods.

Risk Assessment

Risk Level: — Aeries Technology, Inc. shows moderate risk based on this filing. The filing is an amendment to a registration statement, indicating ongoing regulatory processes rather than immediate financial distress or significant new risks.

Analyst Insight

Monitor future filings for updated financial performance and any new disclosures regarding business operations or market conditions.

Key Numbers

• 2024-02-26 — Filing Date (S-1/A filing date)
• 2021-03-24 — Name Change Date (Former company name change date)
• 0331 — Fiscal Year End (Company's fiscal year end)

Key Players & Entities

• Aeries Technology, Inc. (company) — Filer name
• Worldwide Webb Acquisition Corp. (company) — Former company name
• 2024-02-26 (date) — Filing date
• 2021-03-24 (date) — Date of name change
• 2023-04-01 (date) — Reporting period start date
• 2023-12-31 (date) — Reporting period end date

FAQ

Industry Context

The filing pertains to Aeries Technology, Inc., a company operating within the management consulting services sector.

Regulatory Implications

The filing is an S-1/A, which is an amendment to a registration statement filed under the Securities Act of 1933, indicating compliance with SEC regulations for public offerings.

What Investors Should Do

1. Review the full S-1/A filing for detailed financial statements and risk factors.
2. Track subsequent filings for any material updates or changes in the company's financial position.
3. Research the company's business model and market position within the management consulting industry.

Key Dates

• 2024-02-26: S-1/A Filing — Amendment to the company's registration statement
• 2021-03-24: Name Change — Company changed from Worldwide Webb Acquisition Corp. to Aeries Technology, Inc.

Year-Over-Year Comparison

This is an amended filing (S-1/A), indicating updates to previously submitted information rather than a comparison to a prior period's distinct filing.

Key Financial Figures

• $0.0001 — ,380 Class A ordinary shares, par value $0.0001 per share (" Class A ordinary shares "
• $10.10 — ur " or " us "), at an implied price of $10.10 per share, upon exchange (at the Exchan
• $10.00 — C ") as part of the units at a price of $10.00 per unit in its initial public offering
• $1.00 — (" Sponsor " ), at a purchase price of $1.00 per warrant in a private placement that
• $11.50 — Warrant is exercisable to purchase for $11.50 one Class A ordinary share, subject to
• $0.004 — at an effective price of approximately $0.004 per share; (b) 1,250,000 Class A ordina
• $0.005 — AC's IPO from the Sponsor at a price of $0.005 per share; (c) 1,024,335 Class A ordina
• $2.32 — an implied purchase price range between $2.32 and $2.43 per share; and (iii) up to 9,
• $2.43 — purchase price range between $2.32 and $2.43 per share; and (iii) up to 9,527,810 Cl
• $10 — ordinary shares is significantly below $10.00, the offering price for the units of
• $2.2101 — price of our Class A ordinary shares of $2.2101 as of January 31, 2024, (i) the holders
• $2.2061 — potential profit of up to approximately $2.2061 per share, or up to approximately $3.3
• $3.3 million — .2061 per share, or up to approximately $3.3 million in the aggregate, for selling all 1,500
• $2.2051 — potential profit of up to approximately $2.2051 per share, or up to approximately $2.8
• $2.8 million — .2051 per share, or up to approximately $2.8 million in the aggregate, for selling all 1,250

Filing Documents

• aeriestech_s1a3.htm (S-1/A) — 5022KB
• aeriestech_ex23-1.htm (EX-23.1) — 4KB
• aeriestech_ex23-2.htm (EX-23.2) — 4KB
• 0001829126-24-001111.txt (&nbsp;) — 15831KB
• aert-20231231.xsd (EX-101.SCH) — 106KB
• aert-20231231_cal.xml (EX-101.CAL) — 76KB
• aert-20231231_def.xml (EX-101.DEF) — 476KB
• aert-20231231_lab.xml (EX-101.LAB) — 560KB
• aert-20231231_pre.xml (EX-101.PRE) — 612KB
• aeriestech_s1a3_htm.xml (XML) — 2438KB

USE OF PROCEEDS

USE OF PROCEEDS 42 DETERMINATION OF OFFERING PRICE 43 DIVIDEND POLICY 44 UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION 46

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 60

BUSINESS

BUSINESS 82 MANAGEMENT 94

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 101 BENEFICIAL OWNERSHIP OF SECURITIES 114 SELLING SECURITYHOLDERS 116 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 124 DESCRIPTION OF SHARES 127 UNITED STATES FEDERAL INCOME TAX CONSIDERATIONS FOR U.S. HOLDERS 146 PLAN OF DISTRIBUTION 153 LEGAL MATTERS 158 EXPERTS 158 CHANGE IN AUDITOR 158 TRANSFER AGENT AND REGISTRAR 160 WHERE YOU CAN FIND MORE INFORMATION 160 INDEX TO FINANCIAL STATEMENTS F-1 You should rely only on the information contained in this prospectus. No one has been authorized to provide you with information that is different from that contained in this prospectus. This prospectus is dated as of the date set forth on the cover hereof. You should not assume that the information contained in this prospectus is accurate as of any date other than that date. For investors outside the United States : We have taken no actions that would permit this offering or possession or distribution of this prospectus in any jurisdiction where action for that purpose is required, other than in the United States. You are required to inform yourselves about and to observe any restrictions relating to this offering and the distribution of this prospectus. i Table of Contents ABOUT THIS PROSPECTUS This prospectus is part of a registration statement on Form S-1 that we filed with the Securities and Exchange Commission (the " SEC ") using the "shelf" registration process. Under this shelf registration process, the Selling Securityholders may, from time to time, sell the securities offered by them described in this prospectus. We will not receive any proceeds from the sale by Selling Securityholders of the securities offered by them. Neither we nor the Selling Securityholders (1) have authorized anyone to provide you with any information or to make any representations other than those contained in this prospectus or any applicable prospectus supplement or any free writing prospectuses pre

View Full Filing

View this S-1/A filing on SEC EDGAR