Monday saw a notable comeback in the value of Aeries Technology, Inc. (NASDAQ: AERT) shares. In after-hours trading, AERT shares increased 6.93% to $2.47 after closing the regular-session at $2.31 declining -3.75%l. Recent events inside the company were the catalyst behind the price swings.
Aeries Technology Received Timeline To File Financials
Aeries Technology (AERT) was notified of a failure by the Listing Qualifications Staff of The Nasdaq Stock Market LLC on September 5, 2024 for the non-filing of Quarterly as well as Annual Report. The company has been given until September 30, 2024, to respond to the notification and present a plan to address these compliance concerns. The deadline for submitting the Fiscal 2024 Form 10-K is due on January 13, 2025, however Nasdaq may grant an extension of up to 180 days.
AERT Expanding Into Mexico, Strengthening Nearshore Capabilities
Aeries Technology opened a second office in Mexico, this time in the La Colonia Americana neighborhood of Guadalajara, to improve its operational skills. The increasing trend of nearshoring, whereby American businesses seek to outsource while preserving tight geographic and cultural ties, is highlighted by this growth.
AERT customers will find a range of jobs at the new office, including tech-related opportunities like training specialists, implementation specialists, and customer support representatives. It is anticipated that this expansion would increase client business value and improve operational efficiency.
La Colonia Americana is a great place for Aeries Technology to expand because of its strong business community and large skill pool. The new Guadalajara office will enhance AERT’s service delivery to US clients while promoting the region’s economic growth by leveraging the advantages of nearshore operations.
Enhancing Client Collaboration and Service Quality
The Guadalajara office’s strategic location will enable more client cooperation, resulting in better communication and faster reaction times. This growth is in line with Aeries Technology’s overarching goal of providing top-notch services and fostering regional economic development. It also demonstrates the company’s dedication to advancing innovation and operational excellence through targeted nearshore operations.
