Brief: Aeries Technology Enters Into Definitive Merger Agreement With Worldwide Webb Acquisition Corp (Nasdaq Wwac)

Aeries Technology

13/03/2023 12:18

March 13 (Reuters) - Worldwide Webb Acquisition Corp
 WWAC.O :
    * AERIES TECHNOLOGY ENTERS INTO DEFINITIVE MERGER AGREEMENT
WITH
WORLDWIDE WEBB ACQUISITION CORP (NASDAQ: WWAC)
    * WORLDWIDE WEBB ACQUISITION CORP - PRO FORMA IMPLIED MARKET
CAPITALIZATION OF COMBINED COMPANY WILL BE APPROXIMATELY $650
MILLION
    * WORLDWIDE WEBB ACQUISITION CORP - BONUS SHARE STRUCTURE
SIGNIFICANTLY REDUCES COST BASIS FOR NON-REDEEMING SHAREHOLDERS
    * WORLDWIDE WEBB ACQUISITION CORP - ENTERED INTO A
DEFINITIVE
MERGER AGREEMENT THAT WILL RESULT IN AERIES TECHNOLOGY BECOMING
A PUBLICLY LISTED COMPANY
    * WORLDWIDE WEBB ACQUISITION CORP - AERIES EXISTING
SHAREHOLDERS
ARE ROLLING 100% OF THEIR EQUITY INTO TRANSACTION
    * WORLDWIDE WEBB ACQUISITION CORP - 75 MILLION SHARES ARE
AVAILABLE TO INCENTIVIZE INVESTORS TO NOT REDEEM SHARES DURING
CLOSING OF TRANSACTION

Source text for Eikon:  ID:nBw1KyFfHa 
Further company coverage:  WWAC.O 

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