XML 47 R39.htm IDEA: XBRL DOCUMENT
v3.24.3

Nature of Operations (Tables) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2024 | Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |  |
Schedule of consummation of business combination |
Schedule of consummation of business combination |  |  |  |
Public Shareholders (Redeemable Class A ordinary shares), including Bonus Shares(1) |  |  | 3,157,469 |
Shares held by Worldwide Webb Acquisition Sponsor, LLC (the “Sponsor”) and other initial holders(2)(3) |  |  | 2,750,000 |
Shares held by Innovo Consultancy DMCC(4) |  |  | 5,638,530 |
Shares held by FPA (as defined below) Holders(5) |  |  | 3,711,667 |
Total(6) |  |  | 15,257,666 |
(1) | Includes 87,133 Bonus Shares issued to the Company’s public shareholders and 1,024,335 “Extension Shares” issued to certain holders of Class A ordinary shares (the “Holders”) in accordance with the Non-Redemption Agreement entered into between WWAC, the Sponsor, and the Holders of Class A ordinary shares. Also includes 288,333 shares purchased by the Forward Purchase Agreement (“FPA”) holders in the open market or via redemption reversals prior to the consummation of the Business Combination.
(2) | Includes 1,500,000 Class A ordinary shares issued to the Sponsor and 1,250,000 Class A ordinary shares issued to certain anchor investors upon conversion of Class B ordinary shares concurrently with the consummation of the Business Combination. 3,000,000 Class B ordinary shares were forfeited by the Sponsor upon the consummation of the Business Combination.
(3) | Does not include (i) 1,500,000 Class B ordinary shares forfeited upon the consummation of the Business Combination, or (ii) 1,500,000 Class B ordinary shares forfeited pursuant to a Support Agreement with the Sponsor.
(4) | Includes (i) 3,000,000 Class A Shares reissued against 3,000,000 Class B Shares forfeited by the Sponsor upon consummation of the Business Combination as per (2) above, and (ii) 2,638,530 remaining Bonus Shares issued to Innovo.
(5) | Represents a new issuance of Class A ordinary shares to the Forward Purchase Agreement holders in accordance with the Forward Purchase Agreement.
(6) | Does not include 10,000 AARK ordinary shares and 655,788 Aeries Technology Group Business Accelerators Private Limited’s ordinary shares that represent noncontrolling interest in AARK. These shares will be exchangeable (together with the proportionate reduction in the voting power of the Class V ordinary share, and in the case of the exchange of all AARK ordinary shares, the forfeiture and cancellation of the Class V ordinary share) into shares in Aeries Technology, Inc. in connection with the Exchange Agreements, which is further discussed in Note 10.
Schedule of consummation of business combination |  |  |  |
Public Shareholders (Redeemable Class A ordinary shares), including Bonus Shares(1) |  |  | 3,157,469 |
Shares held by Worldwide Webb Acquisition Sponsor, LLC (the “Sponsor”) and other initial holders(2)(3) |  |  | 2,750,000 |
Shares held by Innovo Consultancy DMCC(4) |  |  | 5,638,530 |
Shares held by FPA Holders(5) |  |  | 3,711,667 |
Total(6) |  |  | 15,257,666 |
| (1) | Includes 87,133 Bonus Shares issued to the Company’s public shareholders and 1,024,335 “Extension Shares” issued to certain holders of Class A ordinary shares (the “Holders”) in accordance with the Non-Redemption Agreement entered into between WWAC, the Sponsor, and the Holders of Class A ordinary shares. Also includes 288,333 shares purchased by the Forward Purchase Agreement holders in the open market or via redemption reversals prior to the consummation of the Business Combination.
| (2) | Includes 1,500,000 Class A ordinary shares issued to the Sponsor and 1,250,000 Class A ordinary shares issued to certain anchor investors upon conversion of Class B ordinary shares concurrently with the consummation of the Business Combination. 3,000,000 Class B ordinary shares were forfeited by the Sponsor upon the consummation of the Business Combination.
| (3) | Does not include (i) 1,500,000 Class B ordinary shares forfeited upon the consummation of the Business Combination, or (ii) 1,500,000 Class B ordinary shares forfeited pursuant to a Support Agreement with the Sponsor.
| (4) | Includes (i) 3,000,000 Class A Shares reissued against 3,000,000 Class B Shares forfeited by the Sponsor upon consummation of the Business Combination as per (2) above, and (ii) 2,638,530 remaining Bonus Shares issued to Innovo.
| (5) | Represents a new issuance of Class A ordinary shares to the Forward Purchase Agreement holders in accordance with the Forward Purchase Agreement.
| (6) | Does not include 10,000 AARK ordinary shares and 655,788 ordinary shares of Aeries Technology Group Business Accelerators Private Limited that represent noncontrolling interest in AARK. These shares will be exchangeable (together with the proportionate reduction in the voting power of the Class V ordinary share, and in the case of the exchange of all AARK ordinary shares, the forfeiture and cancellation of the Class V ordinary share) into shares in ATI in connection with the Exchange Agreements, which is further discussed in Note 19.
Schedule of reconciles of business combination |  |
Schedule of reconciles of business combination |  |  |  |
Schedule of cash and net liabilities assumed pursuant to Business Combination |  | Amount |
Balance in Company trust account |  |  | 40,402 |
Less: Outflow on account of redemption payments |  |  | (18,795 | )
Less: Prepayment for recycle share under forward purchase agreement |  |  | (3,083 | )
Less: Payments under Non-redemption agreements |  |  | (9,672 | )
Less: Payment to Continental Stock Transfer for services provided in relation to the Business Combination |  |  | (186 | )
Net cash acquired in Business Combination |  |  | 8,666 |
Less: Assumed net liabilities of ATI on Closing Date(1) |  |  | (38,994 | )
Less: Pre-combination transaction costs |  |  | (3,697 | )
Less: Transferred to Redeemable Noncontrolling Interest (“NCI”) pursuant to Business Combination |  |  | (4,465 | )
Less: Par value of Class A ordinary shares issued |  |  | (2 | )
Net charge to Additional paid-in-capital as a result of the Business Combination reported in Shareholders’ equity (deficit) |  |  | (38,492 | )
| (1) | Includes liability pursuant to warrants and Forward Purchase Agreements. Refer Note 20 for details

X
- References No definition available. + Details
Name: | aert_ScheduleOfReconcilesOfBusinessCombinationTableTextBlock
Namespace Prefix: | aert_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | aert_ScheduleOfconsummationOfBusinessCombinationTableTextBlock
Namespace Prefix: | aert_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration