Aeries Technology Announces Restatement of Previously Issued Financial Statements
December 13 2023 - 4:16PM
Aeries Technology, Inc. (Nasdaq: AERT) (the “Company” or “Aeries
Technology”), a global professional services and consulting
partner, today filed an amendment to a Current Report on Form 8-K
that has restated financial statements of its subsidiary, AARK
Singapore Pte. Ltd. ("AARK"). AARK restated its financial
statements due to a stock split that caused a change in the number
of shares outstanding at AARK, and therefore the earnings per share
of AARK. The stock split and resultant change in earnings per share
are the only changes to the financial statements of AARK as a
result of the restatement.
No financial metrics of Aeries Technology were affected by the
restatement, including the number of Class A ordinary shares
outstanding, revenue, Adjusted EBITDA, or net income. The Company
does not expect this restatement to affect any post-combination
financials.
About Aeries Technology
Aeries Technology (Nasdaq: AERT) is a global professional
services and consulting partner for businesses in transformation
mode and its stakeholders including private equity sponsors and
their portfolio companies with customized engagement models that
are designed to provide the right mix of deep vertical specialty,
functional expertise, and the right systems & solutions to
scale, optimize and transform a client’s business operations.
Founded in 2012, Aeries Technology now has over 1,600 professionals
specializing in Technology Services and Solutions, Business Process
Management, and Digital Transformation initiatives, geared towards
providing tailored solutions to drive business success. Aeries
Technology’s unique approach to staffing and developing its
workforce has earned it the Great Place to Work Certification.
Contacts
Ryan GardellaAeriesIR@icrinc.com
Aeries Technology (NASDAQ:AERT)
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