Aeries Technology, Inc. entered into a settlement agreement with Sea Otter Trading, LLC on October 30, 2026, to resolve outstanding obligations under its Forward Purchase Agreement and Letter Agreement. The company agreed to pay $911,461 through an escrow arrangement in exchange for the return of all 145,183 Class A ordinary shares held by Sea Otter as collateral. Upon completion of the share transfer and release of funds, mutual general releases will become effective, and the prior transaction agreements will terminate. This resolution concludes the dispute regarding maturity consideration payable under the November 2023 OTC Equity Prepaid Forward Transaction. Aeries Technology operates in the technology sector.
