Worldwide Webb Acquisition Corp. Stockholders Approve Business Combination With Aeries Technology
Worldwide Webb Acquisition Corp. ("WWAC") (NASDAQ:WWAC), a special purpose acquisition company, today announced that its stockholders approved all proposals related to the previously announced business combination (the "Business Combination") with Aark Singapore Pte. Ltd., a Singapore private company limited and its subsidiary ("Aeries Technology" or "Aeries") at its Annual General Meeting held on November 2, 2023. The business combination is being implemented pursuant to the Business Combination Agreement, dated March 11, 2023, by and among WWAC, WWAC Amalgamation Sub Pte. Ltd., a Singapore private company limited by shares and a direct wholly-owned subsidiary of WWAC, and Aeries, as so amended, (the "BCA"). Approximately 99.87% of the votes cast at the meeting on the business combination proposal, representing approximately 81.71% of WWAC's outstanding shares, voted to approve the Business Combination. The formal results of the vote will be included in a Current Report on Form 8-K to be filed by WWAC with the U.S. Securities and Exchange Commission, which will be available at www.sec.gov.
The closing of the Business Combination is anticipated to occur on or about November 6, 2023. Following the closing, the combined company will operate as Aeries Technology, Inc. and its shares of Class A common stock and warrants are expected to trade on The Nasdaq Stock Market LLC beginning November 7, 2023 under the symbols "AERT" and "AERTW", respectively.