Aeries Technology, Inc. 8-K

What Happened

• Aeries Technology, Inc. (NASDAQ: AERT) announced its Board approved a one-for-eight (1:8) share consolidation of its Class A ordinary shares, effective 12:01 a.m. Eastern Time on June 12, 2026. Trading is expected to begin on a split-adjusted basis at the open on June 12, 2026; the ticker remains AERT and the new CUSIP is G0136H128.
• The consolidation reduces issued and outstanding Class A shares from approximately 45,914,789 to approximately 5,739,349. The company’s authorized Class A shares will be reduced from 500,000,000 to 62,500,000 and the par value will be adjusted accordingly.

Key Details

• Effective date/time: 12:01 a.m. ET on June 12, 2026; split-adjusted trading at market open June 12, 2026.
• Post-consolidation shares outstanding: ~5,739,349 (from ~45,914,789).
• Fractional shares will not be issued; fractional results will be rounded up to the next whole share.
• Equity awards (options and other awards) will be adjusted proportionately for share counts and per-share exercise prices.
• No action required by shareholders; Continental Stock Transfer & Trust Company (CSTT) will act as exchange agent (shareholder service: 1-800-509-5586). The shareholder vote authorizing up to a 1:10 consolidation was approved at the March 3, 2026 annual meeting.

Why It Matters

• The consolidation is intended to increase the per-share trading price and help Aeries maintain compliance with Nasdaq Capital Market minimum bid price requirements.
• The action is a mathematical reduction in share count — it does not by itself change a shareholder’s proportional ownership — but results in higher per-share prices and proportionate adjustments to outstanding equity awards.
• Shareholders should see their accounts updated automatically by brokers or CSTT and should review account statements after the effective date for the adjusted share totals and any retroactive financial statement adjustments.