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Aeries Technology, Inc. Announces $5 Million PIPE
AERTAeries Technology(AERT) Newsfilter·2024-04-12 12:00

Group 1 - Aeries Technology, Inc. has entered into a Subscription Agreement totaling 5millionatapurchasepriceof5 million at a purchase price of 2.21 per share in a private placement [1] - The CEO of Aeries, Sudhir Panikassery, emphasized that this investment is a significant step for the company's growth strategy and expressed gratitude for the support from the new PIPE investor [1] - Norton Rose Fulbright represented Aeries Technology in this transaction [1] Group 2 - Aeries Technology is a global professional services and consulting partner, focusing on businesses in transformation mode, including private equity sponsors and their portfolio companies [2] - The company was founded in 2012 and currently employs over 1,600 professionals specializing in Technology Services and Solutions, Business Process Management, and Digital Transformation initiatives [2] - Aeries Technology has received the Great Place to Work Certification for its approach to staffing and workforce development [2]