Khare Takes 19.9% Stake in Aeries Technology

TL;DR

**Khare grabs 19.9% of Aeries Tech! Big move.**

AI Summary

Bhisham Khare has filed a Schedule 13D for Aeries Technology, Inc. on June 16, 2024, reporting beneficial ownership of 10,000,000 Class A Ordinary Shares, representing 19.9% of the outstanding shares. This filing indicates a significant stake and potential influence over the company.

Why It Matters

This filing signals a substantial investment by Bhisham Khare in Aeries Technology, Inc., potentially leading to changes in company strategy or governance due to his significant ownership percentage.

Risk Assessment

Risk Level: medium — A significant stake (19.9%) reported in a 13D filing suggests potential for activist investor behavior or a change in control, which can introduce volatility.

Key Numbers

• 10,000,000 — Shares Owned (Represents 19.9% of Aeries Technology's outstanding shares, indicating significant control.)
• 19.9% — Ownership Stake (This substantial percentage suggests potential influence over company decisions.)

Key Players & Entities

• Bhisham Khare (person) — Filing person reporting beneficial ownership
• Aeries Technology, Inc. (company) — Subject company
• 10,000,000 (dollar_amount) — Number of Class A Ordinary Shares beneficially owned
• 19.9% (dollar_amount) — Percentage of outstanding shares beneficially owned
• June 16, 2024 (date) — Date of event requiring filing

FAQ

Key Financial Figures

• $0.0001 — e of Issuer) Class A Ordinary Shares, $0.0001 par value (Title of Class of Securiti

Filing Documents

• aeriestechnology_sc13d.htm (SC 13D) — 56KB
• 0001829126-24-004344.txt ( ) — 58KB

of the Schedule 13D is hereby amended and restated in its entirety as follows

Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows: (a) – (b) Calculation of the percentage of beneficial ownership is based on a total of 38,951,036 shares of the Issuer’s Class A Ordinary Shares outstanding as of the date of this report, based on information provided by the Issuer. The aggregate number and percentage of the Class A Ordinary Shares beneficially owned by the Reporting Person and the number of shares as to which there is sole power to vote or to direct the vote, shares power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition are set forth on rows 7 through 11 and row 13 of, and the footnotes included on, the cover pages of this Schedule 13D, all of which are incorporated herein by reference. (c) Except as described in Item 6, during the past 60 days, the Reporting Person has not effected any transactions with respect to the Class A Ordinary Shares. (d) Not applicable. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. The information set forth in Item 3 of this Schedule 13D is incorporated herein by reference. Exchange Agreement Concurrently with the closing of the Business Combination Agreement, dated as of March 11, 2023, as amended, by and among the Issuer (f/k/a Worldwide Webb Acquisition Corp), WWAC Amalgamation Sub Pte. Ltd., a Singapore private company limited by shares and a direct wholly owned subsidiary of WWAC, and Aark Singapore Pte. Ltd., a Singapore private company, Mr. Khare entered into an Exchange Agreement with the Issuer and ATG (as amended, the “Exchange Agreement”). Pursuant to the Exchange Agreement, subject to the satisfaction of the exercise conditions specified therein: the Issuer has the right to acquire from Mr. Khare the ATG Shares held by the Reporting Person (the “Exchanged Shares&rdq

View Full Filing

View this SC 13D filing on SEC EDGAR