Aeries Technology Inc.
06/12/2026 | Press release | Distributed by Public on 06/12/2026 07:20
Corporate Action (Form 8-K)
| Item 3.03. | Material Modification to Rights of Security Holders. |
The information set forth in Item 5.03 of this Current Report on Form 8-K is incorporated by reference into this Item 3.03.
In connection with the 1-for-8 share consolidation of all of its Class A ordinary shares (the "Share Consolidation") described in Item 5.03 below, on June 12, 2026, Aeries Technology, Inc. (the "Company") issued a notice (the "Warrant Adjustment Notice") to holders of its warrants to purchase Class A ordinary shares (the "Warrants"). In the Warrant Adjustment Notice, the Company notified Warrant holders that the Company has made the following adjustments to its outstanding Warrants, effective after the close of trading on June 11, 2026, as reflected in the Warrants upon the commencement of trading on June 12, 2026:
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The number of Class A ordinary shares issuable upon the exercise of each Warrant was proportionally adjusted to reflect the Share Consolidation, such that each Warrant now represents the right to purchase 1/8th of a Class A ordinary share, subject to the aggregation provisions of the Warrant Agreement; and |
| ● | The exercise price of each post-Share Consolidation Warrant to purchase one whole post-Share Consolidation Class A ordinary share will be proportionately increased eight-fold (relative to a pre-Share Consolidation Warrant to purchase one pre-Share Consolidation Class A ordinary share), to $92.00 per post-Share Consolidation Class A ordinary share. |
The Warrant Adjustment Notice was provided by the Company pursuant to the terms of the Warrant Agreement, dated October 19, 2021 (the "Warrant Agreement"), by and between the Company, and Continental Stock Transfer & Trust Company, as warrant agent (the "Warrant Agent"). The Company will not issue fractional shares upon exercise of Warrants to purchase fractional shares following the Share Consolidation, as any such fractional shares issuable under a Warrant will be rounded down to the nearest whole number of Class A ordinary shares.
The CUSIP number for the Warrants will remain G97775 111 and the trading symbol for the Warrants will continue to be "AERTW" following the foregoing adjustments to the Warrants. The foregoing description of the Warrant Adjustment Notice is qualified in its entirety by reference to the full text of the Warrant Adjustment Notice, which is filed as Exhibit 4.1 to this Current Report on Form 8-K and is incorporated herein by reference
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