Aeries Technology (AERT) Company Report

For Q2 FY2026, ended 09/30/2025, Ares Technologies reported $17.36 million in revenue, $0.64 million in GAAP net income, and $2.55 million in adjusted EBITDA, representing a significant improvement compared to the prior year.
The company achieved its strongest six-month performance in history for the first half of fiscal year 2026, generating $32.69 million in revenue, $2.32 million in net income, and $2.39 million in cash flow from operations.
Ares Technologies is progressing beyond a turnaround phase, expanding its India and Mexico operations with plans to hire over 500 new roles, and securing new enterprise clients and AI partnerships to strengthen its delivery capabilities and market position.
The company maintains its full-year fiscal 2026 adjusted EBITDA guidance of between $6 million and $8 million, with new contracts expected to contribute increasing revenue over the next several quarters.

Nov 10, 2025, 12:00 PM

Aeries Technology enters into sales agreement for Class A ordinary shares

AERT

On October 1, 2025, Aeries Technology, Inc. entered into a Sales Agreement with Roth Capital Partners, LLC.
This agreement allows the company to offer and sell up to $4.485 million of its Class A ordinary shares through an "at-the-market offering".
Roth Capital Partners, LLC will receive a 3.0% commission on the gross sales price of the shares sold, in addition to reimbursement for certain expenses.
The shares will be sold pursuant to the company's shelf registration statement on Form S-3, which was filed with the SEC on October 1, 2025.

Oct 1, 2025, 8:48 PM

Aeries Technology, Inc. Amends Forward Purchase Agreement with Sandia Investment Management LP

AERT

Delisting/Listing Issues

On September 16, 2025, Aeries Technology, Inc. entered into a Letter Agreement with Sandia Investment Management LP to amend a prior Forward Purchase Agreement.
The agreement allows Sandia to sell its Class A ordinary shares, at a price not lower than $1.05 per share, through December 31, 2025, to offset Aeries' payment obligations.
As of September 16, 2025, Aeries' remaining liability to Sandia is $2,656,222.87, after accounting for $343,777.13 in previously generated sales proceeds.
If the proceeds from share sales are insufficient by December 31, 2025, Aeries will issue additional Class A ordinary shares to Sandia, with a minimum issuance of 500,000 shares, based on a per-share price of at least $1.00.
The Letter Agreement also clarifies Aeries' payment obligations in the event of a Change in Control or delisting from the Nasdaq Capital Market.