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Aeries Technology, Inc. (Nasdaq: AERT) filed a Form 8-K dated July 2 2025 under Item 2.02 to furnish its fiscal-year-end (March 31 2025) financial results. The actual numbers were released through an accompanying press release (Exhibit 99.1) and are not included in the body of this filing. Management also noted that the company鈥檚 Annual Report for FY-2025 was filed the same day.

Because the 8-K merely makes the press release part of the public record and explicitly states that the information is being 鈥渇urnished, not filed,鈥� it carries no direct financial metrics or forward-looking statements that can be analyzed. The document is therefore of limited analytical value on its own, but confirms the timing of results disclosure and compliance with SEC reporting deadlines.

Aeries Technology, Inc. (Nasdaq: AERT) filed its Form 10-K for the fiscal year ended 31 March 2025. The filing is the company鈥檚 first full annual report since completing its November 2023 business combination with SPAC Worldwide Webb Acquisition Corp. and re-listing on Nasdaq. Aeries is incorporated in the Cayman Islands, qualifies as an emerging- and smaller-reporting company, and is controlled by founder Raman Kumar through a single Class V ordinary share that, in most circumstances, carries 1.3 % of total voting power but retains super-voting rights in certain 鈥渆xtraordinary events.鈥�

Business model. Aeries provides professional and technology consulting services focused on designing, setting-up and operating Global Capability Centers (GCCs) for private-equity portfolio companies and mid-market enterprises. The GCC offering promises 鈮�40 % cost savings versus on-shore delivery, full operational transparency, and two ownership structures: (1) Aeries-owned Build-Operate-Transfer and (2) client-owned subsidiaries. Core service lines span GCC set-up, optimisation modules, and advisory; functional depth includes technology, finance & accounting, cybersecurity, IT infrastructure and customer service. AI-enabled automation, RPA and analytics are embedded across engagements.

Scale & concentration. As of 31 March 2025 Aeries had ~1,400 employees and >30 clients; the top five customers supplied 57 % of FY25 revenue, with the largest contributing 21 %. Client-specific resources may be transferred for a fee (303 employees moved during FY25 for US$3 m). Voluntary attrition is reported below 11 % and customer-satisfaction above 90 %.

Strategic priorities. Management outlines six growth levers: deepen private-equity relationships, cross-sell digital/AI solutions, penetrate mid-market enterprises, accelerate technology innovation, forge alliances, and pursue targeted M&A.

Capital structure & share exchanges. Following an April 2024 share exchange (9,500 AARK shares for 21.34 m Class A shares), Aeries increased its economic stake in key subsidiary AARK from 38.24 % to 96.91 %. Outstanding share count on 1 July 2025 stands at 47,152,626 Class A shares plus one Class V share. Public float value on 30 September 2024 was ~US$27.2 m.

Risk landscape. The company discloses 鈥渟ubstantial doubt鈥� about its ability to continue as a going concern, citing Forward Purchase Agreement obligations and the termination of a significant customer contract. Other key risks include heavy revenue concentration, intense competition, FX exposure (India/Mexico), need for additional capital, and potential US$5 m cash or share issuance tied to Forward Purchase Agreements. Aeries also identifies cybersecurity, AI-related, and regulatory compliance uncertainties.

Bitcoin Depot Inc. (Nasdaq: BTM) has filed a shelf registration statement on Form 424B5 allowing it to issue up to $100 million in securities, including Class A common stock, preferred stock, warrants and/or units, in one or more offerings. Specific terms, pricing and underwriters will be disclosed in future prospectus supplements.

Capital structure & potential dilution: The company currently has 22,555,710 Class A shares outstanding, 41,193,024 Class M shares (10 votes per share) controlled by the CEO, and 43,848,750 warrants exercisable at $11.50 until June 30 2033. Any issuance under the shelf could materially increase the public float and dilute existing holders, though proceeds will fund 鈥済eneral corporate purposes.鈥�

Business snapshot: Bitcoin Depot operates the largest Bitcoin ATM (BTM) network in North America with 8,483 kiosks and BDCheckout access in 10,926 retail locations as of March 31 2025. Q1 2025 revenue was $164.2 million, up from $138.5 million in Q1 2024, yet the company notes a 9.7 % revenue decline on a trailing-twelve-month basis despite a 15.7 % rise in Bitcoin prices, underscoring limited correlation between revenue and crypto price movements.

Key relationships & competitive position: The firm is the exclusive BTM provider for approximately 900 U.S. and Canadian Circle K stores and also licenses its BitAccess processing software to third-party operators, generating recurring software revenue.

Risk highlights (summarised from filing):

• High dilution risk from additional equity or equity-linked issuances.
• Complex, multi-class share structure with super-voting Class M and Class V shares.
• Regulatory, competitive and litigation uncertainties outlined under 鈥淩isk Factors.鈥�

Aeries Technology, Inc. (Nasdaq: AERT) filed a Prospectus Supplement dated June 25, 2025 that updates its November 5, 2024 prospectus. The filing registers the potential issuance of up to 31.6 million new Class A ordinary shares (10.57 million from exchange rights and 21.03 million from warrant exercises) and the resale of 54.1 million existing Class A shares plus 9.53 million Private Placement Warrants held by selling security-holders. At the June 24, 2025 close, Class A shares traded at $1.06 and warrants at $0.025. The warrants carry a strike price of $11.50 per share.

The supplement attaches the company鈥檚 Form 8-K, also filed June 25, 2025. Under Item 5.02, director Ramesh Venkataraman notified the Board on June 18 of his intention to resign effective June 30, 2025. He will assume the role of chairperson of Aeries鈥� independent advisory board. The company states that his resignation is not due to any disagreement on operations, policies or practices.

The filing reiterates risk-factor references from the base prospectus and emphasizes that the SEC has neither approved nor disapproved the securities. Investors are reminded that the supplement must be read together with the original prospectus and any other amendments.

Form 8-K 鈥� Item 5.02: Aeries Technology (Nasdaq: AERT) reported that Director Ramesh Venkataraman notified the Board on 18 June 2025 of his intention to resign, effective 30 June 2025. His resignation will also end his service on the Board鈥檚 Nominating and Corporate Governance Committee.

Mr. Venkataraman will transition to become chairperson of the company鈥檚 independent advisory board, allowing the firm to retain his expertise. The filing explicitly states that the departure does not stem from any disagreement regarding the company鈥檚 operations, policies, or practices. No other executive changes, financial results, or strategic actions were disclosed in this filing.