Aeries Technology issues 145,183 Class A shares to Sea Otter in unregistered sale to settle USD 1.14 million liability
AERT•Settlement of prepaid forward maturity payment liability
Aeries Technology entered a letter agreement with Sea Otter Trading to settle a past-due USD 1.14 million prepaid forward maturity payment.
Sea Otter will receive 145,183 Class A ordinary shares as collateral in an unregistered issuance under Securities Act Section 4(a)(2).
Settlement terms include a USD 100,000 initial cash payment, then USD 75,000 monthly amortization starting Sept. 15, 2026.
Interest accrues at 7.5% per year; additional shares may be issued if collateral value falls below the outstanding liability.
Sea Otter can sell shares only if current on payments, subject to an $8.4 minimum sale price; proceeds apply to the liability.
