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Aeries Technology (Worldwide Webb Acquisition) Priced, Nasdaq: AERT

Blank check company formed by the founders of Purple Innovation targeting the internet sector (completed 11/7/2023).

Industry: SPAC

Latest Trade: $2.13 -0.01 (-0.5%)

First Day Return: -0.6%

Return from IPO: -78.6%

Industry: SPAC

Worldwide Webb Acquisition Corp. is a newly incorporated blank check company. We intend to focus our efforts on seeking and completing an initial business combination with a company that has an enterprise value of over $750 million. Our objective is to identify and accelerate a market-leading, differentiated internet company within our target sectors of interest, including direct-to-consumer brands, Amazon centric, online marketplaces, food tech, new media, digital health, software-as-a-service, fin tech, and any adjacent industries undergoing technology-driven transformations, that offer high-quality revenue streams and attractive organic and inorganic growth opportunities. We believe that the operational and execution capabilities of our combined team will make us an attractive partner to potential target businesses, enhance our ability to complete a successful business combination, and bring compelling value to shareholders post-business combination. We believe these capabilities were clearly demonstrated in Tony and Terry Pearce’s successful founding of Purple Innovation Inc. (“Purple”), their subsequent transaction with a SPAC, their significant work with Purple since the closing of the merger, and their successful exit from Purple.
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IPO Data
IPO File Date 09/27/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/19/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
BofA Securities
J.P. Morgan
Company Data
Headquarters Orem, UT, United States
Founded 2021
Employees 1
Website www.wwac1.com

Aeries Technology (Worldwide Webb Acquisition) (AERT) Performance