Aeries Technology, Inc. Enters into Letter Agreement with Sandia Investment Management LP

Aeries Technology, Inc. (the 'Company') entered into a Letter Agreement with Sandia Investment Management LP ('Sandia') on September 16, 2025. The agreement primarily addresses the settlement of the Company's payment obligations under a previously established Forward Purchase Agreement. Key provisions include the sale of Class A ordinary shares held by Sandia to offset the Company's payment obligations, the issuance of additional Class A ordinary shares to Sandia if the sales proceeds are insufficient to cover the payment, and clarifications on the Company's payment obligations in the event of a Change in Control or delisting from the Nasdaq Capital Market. The Letter Agreement ensures that the Company's payment obligations are met through a combination of share sales and potential issuance of additional shares, with specific terms and conditions outlined to manage the process effectively.