Welcome to our dedicated page for Aquaron Acquisition news (Ticker: AQU), a resource for investors and traders seeking the latest updates and insights on Aquaron Acquisition stock.
Aquaron Acquisition Corp. (NASDAQ: AQU) is a Delaware-based blank check company, also known as a special purpose acquisition company (SPAC). Formed with the aim of merging, exchanging shares, acquiring assets, or reorganizing with one or more businesses, Aquaron focuses on creating value through strategic business combinations. Although it is open to various industries and regions, the company primarily targets operating businesses in the new energy sector.
Recently, Aquaron Acquisition Corp. has faced compliance challenges. On April 19, 2024, the company received a notice from the Nasdaq Listing Qualifications staff indicating non-compliance with Listing Rule 5250(c)(1) due to the delayed filing of its Form 10-K for the year ending December 31, 2023. A similar notice was received on May 22, 2024, for not filing its Form 10-Q for the period ending March 31, 2024. Despite these setbacks, the company has 60 days to submit a plan to Nasdaq to regain compliance. If accepted, Nasdaq can grant a 180-day extension to meet the requirements.
The leadership at Aquaron is committed to resolving these issues promptly. The company intends to file the necessary forms as soon as the financial reviews are complete. The company's goal is to regain compliance and continue its operations without disruption.
In its pursuit of a successful business combination, Aquaron has set specific criteria for potential targets. It has excluded any company whose financial statements are audited by a non-inspectable accounting firm by the Public Company Accounting Oversight Board and any target company with operations in China using a VIE structure.
Investors should be aware that forward-looking statements made by Aquaron are subject to risks and uncertainties. Actual results may differ from anticipated outcomes. The company disclaims any obligation to update these statements publicly.
For further updates and detailed information on Aquaron Acquisition Corp., visit our profile on StockTitan.
Aquaron Acquisition Corp (NASDAQ: AQU) announced that HUTURE has deposited $20,000 into the Company's trust account to extend its business combination deadline by one month, from November 6, 2024 to December 6, 2024. In exchange, the Company issued a non-interest-bearing promissory note to Huture, convertible into common stock units at $10.00 per unit at the closing of a business combination. Each unit consists of one common stock share and one right to receive one-fifth of a common stock share. This extension aims to provide additional time for completing a business combination.
Aquaron Acquisition Corp. (NASDAQ: AQU), a special purpose acquisition company, has announced an extension to its business combination deadline. HUTURE has deposited $20,000 into the Company's trust account, extending the completion period by one month, from October 6, 2024 to November 6, 2024.
In exchange for the deposit, Aquaron issued a promissory note to Huture with the following terms:
- Principal amount equal to the deposited sum
- No interest
- Convertible into Company's common stock at $10.00 per unit
- Each unit consists of one share of common stock and one right to receive one-fifth of a share
The extension aims to provide Aquaron with additional time to complete a business combination.
Aquaron Acquisition Corp. (NASDAQ: AQU), a special purpose acquisition company, has announced an extension to its business combination deadline. HUTURE has deposited $20,000 into the Company's trust account, extending the completion period by one month, from September 6, 2024, to October 6, 2024.
In exchange for this contribution, Aquaron issued a promissory note to Huture with the following terms:
- Principal amount equal to the deposited sum
- No interest
- Convertible into Aquaron's common stock at $10.00 per unit
- Each unit consists of one common share and one right to receive 1/5 of a share
This extension aims to provide Aquaron with additional time to complete its business combination, demonstrating the company's commitment to finding a suitable merger target.
Aquaron Acquisition Corp. (NASDAQ: AQU) has received a delisting notification from Nasdaq due to non-compliance with the Minimum Public Holders Rule, which requires at least 300 public holders. Trading of AQU's common stock will be suspended on September 4, 2024, unless the company appeals. The company is also delinquent in filing its Q2 2024 10-Q report. AQU was initially notified of non-compliance on February 28, 2024, and granted an extension until August 26, 2024. The company intends to request an appeal and a stay of suspension, which would allow continued trading on Nasdaq Capital Market until the hearing process concludes. However, there is no assurance that the appeal will be successful or that AQU's securities will remain listed.
Aquaron Acquisition Corp. (NASDAQ: AQU), a special purpose acquisition company, has announced an extension to its business combination deadline. HUTURE has deposited $20,000 into the Company's trust account, extending the period to complete a business combination by one month, from August 6, 2024 to September 6, 2024.
In exchange, Aquaron issued a promissory note to Huture for the deposited amount. The note bears no interest and is convertible into company shares at $10.00 per unit upon closing a business combination. Each unit consists of one common stock share and one right to receive one-fifth of a share. This extension aims to provide Aquaron with additional time to finalize a business combination.
On July 12, 2024, HUTURE announced a definitive merger agreement with Aquaron Acquisition Corp. (Nasdaq: AQU). This merger will result in HUTURE's operations being managed by HUTURE Group , a Cayman Islands-based holding entity, and is expected to trade on Nasdaq. The transaction values the combined company at an initial equity value of approximately $1 billion, with HUTURE shareholders retaining a majority stake and appointing directors to the board.
Founded in 2020, HUTURE specializes in hydrogen-powered vehicle manufacturing. The merger aims to enhance HUTURE’s market presence and growth strategy, capitalizing on the increasing demand for eco-friendly transportation. The deal is anticipated to close later this year, pending shareholder and regulatory approvals.
Aquaron Acquisition Corp. (NASDAQ: AQU) announced on July 8, 2024, that Bestpath IoT Technology has deposited $20,000 into the Company's trust account. This deposit extends the period for completing a business combination by one month, moving the deadline from July 6, 2024, to August 6, 2024. The Company issued a promissory note to Bestpath, with no interest, convertible to common stock at $10.00 per unit upon closing a business combination. Each unit comprises one share of common stock and a right to receive one-fifth of a share of common stock. The extension aims to give Aquaron Acquisition Corp. more time to finalize a business combination.
Aquaron Acquisition Corp. (NASDAQ: AQU) announced an extension of its time frame to complete a business combination by one month, now ending on July 6, 2024, thanks to a $20,000 contribution from Bestpath IoT Technology Bestpath has deposited the fund into Aquaron's trust account, and in return, Aquaron has issued a promissory note to Bestpath equivalent to the deposit. The note carries no interest and can be converted into Aquaron's common stock at $10.00 per unit. This extension aims to provide Aquaron with additional time to finalize a suitable business combination.
Aquaron Acquisition Corp. (NASDAQ: AQU) received a delinquency notice from Nasdaq on May 22, 2024, for not timely filing its Form 10-Q for the period ended March 31, 2024. The notice is a deficiency notification and does not immediately affect the company's Nasdaq listing. Aquaron has until July 22, 2024, to submit a compliance plan to Nasdaq. If accepted, Nasdaq can grant a 180-day extension until November 18, 2024, to regain compliance. Failure to comply may lead to delisting, though the company can appeal. Aquaron aims to file the Form 10-Q once its financial statements are ready.
Aquaron Acquisition Corp. announced an extension of the period to complete a business combination by receiving a $20,000 contribution from Bestpath IoT Technology The deadline has been moved from May 6, 2024, to June 6, 2024, with the funds deposited into the Trust Account. The Company issued a promissory note to Bestpath, convertible into common stock at $10.00 per unit upon completing a business combination.
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