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WORLDWIDE WEBB(WWAC) - Prospectus(update)
2024-05-03 21:02
As filed with the Securities and Exchange Commission on May 3, 2024 No. 333-276173 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 5 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Aeries Technology, Inc. (Exact name of registrant as specified in its charter) (Commission File Number) (I.R.S. Employer Identification No.) 60 Paya Lebar Road, #08-13 Paya Lebar Square Singapore 409051 Telephone: (919) 228-6404 (Address, including zip code, and telephone number, includ ...
WORLDWIDE WEBB(WWAC) - Prospectus(update)
2024-03-15 23:56
As filed with the Securities and Exchange Commission on March 15, 2024 No. 333-276173 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 4 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Aeries Technology, Inc. (Exact name of registrant as specified in its charter) Cayman Islands 001-40920 98-1587626 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) 60 Paya Lebar Road, #08-13 Paya Lebar Square ...
WORLDWIDE WEBB(WWAC) - Prospectus(update)
2024-02-26 22:31
As filed with the Securities and Exchange Commission on February 26, 2024 No. 333-276173 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 3 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Aeries Technology, Inc. (Exact name of registrant as specified in its charter) Cayman Islands 001-40920 98-1587626 (State or other jurisdiction of incorporation or organization) (Commission File Number) Copies to: Debbie P. Yee, P.C. Kirkland & Ellis LLP 609 Main Street Houston, T ...
WORLDWIDE WEBB(WWAC) - Prospectus(update)
2024-02-09 21:09
As filed with the Securities and Exchange Commission on February 9, 2024 No. 333-276173 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 2 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Aeries Technology, Inc. (Exact name of registrant as specified in its charter) Cayman Islands 001-40920 98-1587626 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) 60 Paya Lebar Road, #08-13 Paya Lebar Squa ...
WORLDWIDE WEBB(WWAC) - Prospectus(update)
2024-01-17 02:58
As filed with the Securities and Exchange Commission on January 16, 2024 No. 333-276173 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Cayman Islands 001-40920 98-1587626 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) 60 Paya Lebar Road, #08-13 Paya Lebar Square Singapore 409051 Telephone: (919) 228-6404 (Address, including zip code, and ...
WORLDWIDE WEBB(WWAC) - Prospectus
2023-12-20 22:09
As filed with the Securities and Exchange Commission on December 20, 2023 No. 333- SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Aeries Technology, Inc. (Exact name of registrant as specified in its charter) Cayman Islands 001-40920 98-1587626 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) 60 Paya Lebar Road, #08-13 Paya Lebar Square Singapore 409051 Tele ...
WORLDWIDE WEBB(WWAC) - 2023 Q3 - Quarterly Report
2023-11-14 21:52
[PART I - FINANCIAL INFORMATION](index=4&type=section&id=PART%20I%20-%20FINANCIAL%20INFORMATION) [Interim Financial Statements](index=4&type=section&id=Item%201.%20Interim%20Financial%20Statements) Presents Aeries Technology, Inc.'s unaudited condensed financial statements for periods ending September 30, 2023 [Condensed Balance Sheets](index=4&type=section&id=Condensed%20Balance%20Sheets) As of September 30, 2023, total assets significantly decreased to $50.0 million from $235.1 million, primarily due to reduced marketable securities following share redemptions Condensed Balance Sheets Summary | Financial Metric | September 30, 2023 (Unaudited) | December 31, 2022 | | :--- | :--- | :--- | | **Assets** | | | | Cash | $8,412 | $48,126 | | Marketable securities held in Trust Account | $49,992,699 | $234,716,046 | | **Total Assets** | **$50,041,793** | **$235,076,820** | | **Liabilities & Equity** | | | | Total current liabilities | $9,386,482 | $4,010,139 | | Total liabilities | $10,388,122 | $4,967,616 | | Class A ordinary shares subject to possible redemption | $49,892,699 | $234,616,046 | | Total shareholders' deficit | ($10,239,028) | ($4,506,842) | [Condensed Statements of Operations](index=5&type=section&id=Condensed%20Statements%20of%20Operations) For the nine months ended September 30, 2023, the company reported a net loss of $1.02 million, a significant shift from a net income of $9.63 million in the prior year Condensed Statements of Operations Summary | Metric | Nine Months Ended Sep 30, 2023 | Nine Months Ended Sep 30, 2022 | | :--- | :--- | :--- | | General and administrative expenses | $5,344,586 | $2,101,731 | | Loss from operations | ($5,344,586) | ($2,101,731) | | Change in fair value of derivative warrant liabilities | ($387,600) | $10,404,000 | | Gain on marketable securities in Trust Account | $4,711,256 | $1,121,345 | | **Net (loss) income** | **($1,020,930)** | **$9,626,072** | [Condensed Statements of Cash Flows](index=7&type=section&id=Condensed%20Statements%20of%20Cash%20Flows) For the nine months ended September 30, 2023, net cash used in financing activities was $189.5 million, largely offset by investing activities, resulting in a net decrease in cash of $39,714 Condensed Statements of Cash Flows Summary | Cash Flow Activity | Nine Months Ended Sep 30, 2023 | Nine Months Ended Sep 30, 2022 | | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | $33,723 | ($409,734) | | Net cash provided by investing activities | $189,434,603 | $0 | | Net cash used in financing activities | ($189,508,040) | $0 | | **Net decrease in cash** | **($39,714)** | **($409,734)** | [Notes to Unaudited Condensed Financial Statements](index=8&type=section&id=Notes%20to%20Unaudited%20Condensed%20Financial%20Statements) Details the company's SPAC formation, IPO, Business Combination Agreement, share redemptions, and going concern status - The company entered into a Business Combination Agreement with Aark Singapore Pte. Ltd. on **March 11, 2023**[30](index=30&type=chunk) - In April 2023, holders of **18,281,946 Class A shares** redeemed them for approximately **$189.4 million**, reducing the Trust Account balance to **$48.9 million**[31](index=31&type=chunk) - The deadline to complete a business combination was extended to **April 22, 2024**, raising substantial doubt about the company's ability to continue as a going concern due to mandatory liquidation requirements[32](index=32&type=chunk)[40](index=40&type=chunk) - Subsequent to the quarter end, on **November 6, 2023**, the company consummated its Business Combination and changed its name from Worldwide Webb Acquisition Corp. to Aeries Technology, Inc.[112](index=112&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=25&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Discusses the company's blank check status, $1.0 million net loss, liquidity, and going concern issues due to the April 2024 liquidation deadline [Results of Operations](index=26&type=section&id=Results%20of%20Operations) The company has not generated any revenue since inception, reporting a net loss of $1,020,930 for the nine months ended September 30, 2023 Results of Operations Summary | Metric | Nine Months Ended Sep 30, 2023 | Nine Months Ended Sep 30, 2022 | | :--- | :--- | :--- | | General and administrative expenses | $5,344,586 | $2,101,762 | | Change in fair value of derivative warrant liabilities | ($387,600) | $10,404,000 | | Gain on marketable securities in Trust Account | $4,711,256 | $1,121,245 | | **Net (loss) income** | **($1,020,930)** | **$9,626,072** | [Liquidity, Capital Resources and Going Concern Considerations](index=27&type=section&id=Liquidity%2C%20Capital%20Resources%20and%20Going%20Concern%20Considerations) As of September 30, 2023, the company had $8,412 in cash and $49.9 million in its Trust Account, facing a mandatory liquidation deadline of April 22, 2024 - As of September 30, 2023, the company had cash of **$8,412** and marketable securities held in the Trust Account of **$49,992,699**[127](index=127&type=chunk)[128](index=128&type=chunk)[131](index=131&type=chunk) - The company must consummate a Business Combination by **April 22, 2024**, or face mandatory liquidation, which raises substantial doubt about its ability to continue as a going concern[132](index=132&type=chunk) - The Sponsor may provide up to **$1,500,000** in working capital loans, convertible into warrants identical to the Private Placement Warrants[129](index=129&type=chunk)[136](index=136&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=30&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company is not subject to material market or interest rate risk as its funds are invested in short-term U.S. government obligations or money market funds - The company's funds are invested in U.S. government obligations with maturities of **185 days or less** or in money market funds that invest solely in U.S. treasuries, resulting in no material exposure to interest rate risk[142](index=142&type=chunk) [Controls and Procedures](index=30&type=section&id=Item%204.%20Control%20and%20Procedures) Management concluded that disclosure controls and procedures were not effective as of September 30, 2023, due to a material weakness in financial statement review - Management concluded that disclosure controls and procedures were **not effective** as of the end of the quarter[143](index=143&type=chunk) - A material weakness in internal control over financial reporting was identified related to the review of financial statements[144](index=144&type=chunk) - The company plans to remediate the weakness by enhancing processes for reviewing financial statements, including increased communication with third-party service providers[146](index=146&type=chunk) [PART II - OTHER INFORMATION](index=31&type=section&id=PART%20II%20-%20OTHER%20INFORMATION) [Legal Proceedings](index=31&type=section&id=Item%201.%20Legal%20Proceedings) The company reports that there are no legal proceedings - None[149](index=149&type=chunk) [Risk Factors](index=31&type=section&id=Item%201A.%20Risk%20Factors) The company states there have been no material changes to the risk factors previously disclosed in its annual report on Form 10-K - There have been no material changes in the risk factors discussed in the company's annual report[150](index=150&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=31&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reports no unregistered sales of equity securities or use of proceeds during the period - None[151](index=151&type=chunk) [Other Information](index=31&type=section&id=Item%205.%20Other%20Information) The company reports no other information required to be disclosed - None[154](index=154&type=chunk) [Exhibits](index=32&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including the Business Combination Agreement and officer certifications - Key exhibits filed include the Business Combination Agreement and certifications from the Principal Executive Officer and Principal Financial Officer[157](index=157&type=chunk)
WORLDWIDE WEBB(WWAC) - 2023 Q2 - Quarterly Report
2023-08-15 00:11
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (415) 629-9066 (Issuer's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: For the transition period from to Commission file number: 00 ...
WORLDWIDE WEBB(WWAC) - 2023 Q1 - Quarterly Report
2023-05-22 20:14
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40920 WORLDWIDE WEBB ACQUISITION CORP. (Exact Name of Registrant as Specified in Its Charter) Cayman Islands 98-1587626 (State or other jurisdiction of incorporation or organization) 770 E Technology Way F13-16 OREM, UT 84097 (Address of principal executive offices) (Z ...
WORLDWIDE WEBB(WWAC) - 2022 Q4 - Annual Report
2023-03-31 21:26
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Cayman Islands 98-1587626 (State or other jurisdiction of incorporation) FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-40920 Worldwide Webb Acquisition Corp. (Ex ...