Worldwide Webb Acquisition Corp. - WWACU STOCK NEWS

Aeries Technology has launched a new cyber security managed services offering, providing companies with access to top-tier cyber security services and Information Security Management Systems (ISMS). This service aims to meet the standards of a Chief Information Security Officer at a fraction of the cost of hiring in-house experts. The offering covers various areas including governance, risk & compliance, application security, data security, and cloud security. On March 13, 2023, Aark Singapore Pte Ltd and Aeries Technology entered into an agreement with Worldwide Webb Acquisition Corp (NASDAQ: WWAC) to facilitate Aeries becoming a publicly listed company. The combined entity aims to enhance IT solutions for clients while navigating the evolving landscape of cyber threats.

Aark Singapore Pte Ltd and Worldwide Webb Acquisition Corp (NASDAQ: WWAC) have announced a merger, with Aeries Technology becoming publicly listed. This transaction implies a market capitalization of approximately $656 million. Aeries, operational since 2012, is cash flow positive since 2013, employing around 1,500 staff and focusing on consulting for private equity and business transformation. The merger aims to enhance Aeries' growth and market share in a competitive landscape. Both companies' boards have approved the merger, pending WWAC shareholder approval.