<SEC-DOCUMENT>0001829126-24-000859.txt : 20240612
<SEC-HEADER>0001829126-24-000859.hdr.sgml : 20240612
<ACCEPTANCE-DATETIME>20240209160555
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001829126-24-000859
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240209

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Aeries Technology, Inc.
		CENTRAL INDEX KEY:			0001853044
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MANAGEMENT CONSULTING SERVICES [8742]
		ORGANIZATION NAME:           	07 Trade & Services
		IRS NUMBER:				000000000
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		190 ELGIN AVENUE
		CITY:			GEORGE TOWN
		STATE:			E9
		ZIP:			KY1-9008
		BUSINESS PHONE:		415-629-9066

	MAIL ADDRESS:	
		STREET 1:		190 ELGIN AVENUE
		CITY:			GEORGE TOWN
		STATE:			E9
		ZIP:			KY1-9008

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Worldwide Webb Acquisition Corp.
		DATE OF NAME CHANGE:	20210324
</SEC-HEADER>
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<TYPE>CORRESP
<SEQUENCE>1
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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Aeries Technology, Inc.<BR> </B></FONT>60 Paya Lebar Road, #08-13<BR> Paya Lebar Square</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Singapore 409051</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">February 9, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><B>VIA EDGAR</B></P>

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    <TD STYLE="width: 0.75in">Attention:</TD>
    <TD>
        <P STYLE="margin-top: 0; margin-bottom: 0">Rebekah Reed</P>
        <P STYLE="margin-top: 0; margin-bottom: 0">Mara Ransom</P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">United States Securities and Exchange Commission<BR> Division of Corporation Finance<BR> Office of Trade &amp; Services<BR> 100 F Street, NE<BR> Washington, D.C. 20549</P>

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    <TD STYLE="width: 0.25in; text-align: left"><B>Re:</B></TD>
    <TD STYLE="text-align: justify"><B>Aeries Technology, Inc.</B>
        <P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>Amendment No. 1 to Registration Statement on Form S-1</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><B>Filed January 17, 2024</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><B>File No. 333-276173</B></P> <B></B></TD> </TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">This letter sets forth the response of Aeries Technology, Inc. (the &ldquo;<B><I>Company</I></B>&rdquo;) to the comments of the staff of the Division of Corporate Finance (the &ldquo;<B><I>Staff</I></B>&rdquo;) of the Securities and Exchange Commission set forth in your letter dated January 30, 2024, with respect to the above referenced Amendment No. 1 to Registration Statement on Form S-1. Concurrently with the submission of this letter, the Company is filing Amendment No. 2 to the Registration Statement on Form S-1 (the &ldquo;<B><I>Revised Registration Statement</I></B>&rdquo;). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed thereto in the Revised Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">Set forth below is the Company&rsquo;s response to the Staff&rsquo;s comments. For the Staff&rsquo;s convenience, we have incorporated your comments into this response letter in italics.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><U>Amendment No. 1 to Registration Statement on Form S-1, Filed January&nbsp;17, 2024</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><U>Cover Page</U></P>

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    <TD STYLE="width: 0.25in; text-align: left">1.</TD>
    <TD STYLE="text-align: justify"><B><I>Staff&rsquo;s comment: </I></B><I>In your revised disclosure responsive to prior comment 3 here and on page 33, you state that the Class A ordinary shares being offered for resale pursuant to this prospectus &ldquo;represent approximately 425.2% of the Class A ordinary shares outstanding as of January 11, 2024,&rdquo; while on page 67, you state that this percentage refers to &ldquo;our public float.&rdquo; Please revise for consistency.</I></TD> </TR>
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<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">Response: <FONT STYLE="font-style: normal; font-weight: normal">The Company acknowledges the Staff&rsquo;s comment and has revised the disclosure on page 67 of the Revised Registration Statement accordingly.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>



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    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font-style: normal; font-weight: normal">2.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><B><I>Staff&rsquo;s comment:</I></B><I> <FONT STYLE="font-weight: normal">We
    note your response to prior comment 10 and added disclosure on page 33 of potential profit that certain selling securityholders will
    earn based on the current trading price. Please revise to provide this disclosure on the prospectus cover page as well. Additionally,
    please clarify the potential return associated with the 3,711,667 Class A ordinary shares issued pursuant to certain subscription
    agreements and subject to the forward purchase arrangement discussed on page 46.</FONT></I></TD></TR>
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<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">Response: <FONT STYLE="font-style: normal; font-weight: normal">The Company acknowledges the Staff&rsquo;s comment and has revised the disclosure on the cover page and page 33 of the Revised Registration Statement accordingly.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><U>Unaudited Pro Forma Condensed Combined Financial Information</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><U>Description of the Business Combination, page 44</U></P>

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    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: left">3.</TD>
    <TD STYLE="font-style: normal; text-align: justify; font-weight: normal"><B><I>Staff&rsquo;s comment:</I></B><I> We note your response to prior comment 8 and added disclosure regarding the Forward Purchase Agreements on page 46. Please further elaborate on the mechanics of the Forward Purchase Agreements, their impact to your financial condition, and how they operate in conjunction with the related Subscription Agreements. Clarify how the purchase price of the shares subject to the Forward Purchase Agreements has been or will be paid to the company, whether such payment is subject to return to the FPA holders pursuant to the Forward Purchase Agreements, and what will happen to the unsold shares held by the FPA holders at the end of the one-year term of the Forward Purchase Agreements. For example, please explain how payment to the company under the Subscription Agreements works in relation to the &ldquo;prepayment&rdquo; provisions of the Forward Purchase Agreements.</I></TD> </TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><B><I>Response: </I></B><FONT STYLE="font-style: normal; font-weight: normal">The Company acknowledges the Staff&rsquo;s comment and has revised the disclosure on the cover page and pages 33, 34, 46 and 54 of the Revised Registration Statement accordingly.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><U>Aeries&rsquo; Management Discussion and Analysis of Financial Condition and Results of Operations, Liquidity and Capital Resources, page 67</U></P>

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    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: left">4.</TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: justify"><B><I>Staff&rsquo;s comment: </I></B><I>We note your response to prior comment 6 and reissue in part. In light of the significant number of redemptions, consideration paid pursuant to Non-Redemption Agreements and other uses of funds held in the SPAC&rsquo;s trust account, and the unlikelihood that the company will receive significant proceeds from exercises of the warrants, expand your discussion of capital resources to address any changes in the company&rsquo;s liquidity position since the business combination. If there has been no material change in your liquidity position since the closing of the business combination in November 2023, please revise to state as much.</I></TD> </TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><B><I>Response: </I></B><FONT STYLE="font-style: normal; font-weight: normal">The Company acknowledges the Staff&rsquo;s comment and has revised the disclosure on page 67 of the Revised Registration Statement accordingly.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">*****</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">We respectfully request the Staff&rsquo;s assistance in completing the review of the Registration Statement, as amended, as soon as possible. Please contact Debbie P. Yee of Kirkland &amp; Ellis LLP at (713) 836-3600 with any questions or further comments regarding the responses to the Staff&rsquo;s comments.</P>

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    <TD COLSPAN="2" STYLE="text-align: left">Sincerely,</TD></TR>
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    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
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    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left">AERIES TECHNOLOGY, INC.</TD></TR>
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    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
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    <TD STYLE="text-align: left; width: 50%"></TD>
    <TD STYLE="width: 5%; text-align: left">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; width: 45%">/s/ Sudhir Appukuttan Panikassery</TD> </TR>
  <TR STYLE="vertical-align: top; text-align: justify">
    <TD STYLE="text-align: left"></TD>
    <TD STYLE="text-align: left">Name:</TD>
    <TD STYLE="text-align: left">Sudhir Appukuttan Panikassery</TD> </TR>
  <TR STYLE="vertical-align: top; text-align: justify">
    <TD STYLE="text-align: left"></TD>
    <TD STYLE="text-align: left">Title:</TD>
    <TD STYLE="text-align: left">Chief Executive Officer</TD> </TR>
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    <TD STYLE="width: 0.25in; text-align: left">CC:</TD>
    <TD STYLE="text-align: justify">
        <P STYLE="margin-top: 0; margin-bottom: 0">Debbie P. Yee, Kirkland &amp; Ellis LLP</P>
        <P STYLE="margin-top: 0; margin-bottom: 0">Lance K. Hancock, Kirkland &amp; Ellis LLP</P></TD> </TR>
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