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Aquaron Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination

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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), una società di acquisizione con scopo speciale, ha annunciato un'estensione della scadenza per la sua combinazione aziendale. HUTURE ha depositato 20.000 dollari nel conto fiduciario della Società, estendendo il periodo di completamento di un mese, dal 6 ottobre 2024 al 6 novembre 2024.

In cambio del deposito, Aquaron ha emesso un note promissoria a Huture con i seguenti termini:

  • Importo principale pari alla somma depositata
  • Nessun interesse
  • Convertibile in azioni ordinarie della Società a 10,00 dollari per unità
  • Ogni unità consiste in un'azione ordinaria e un diritto a ricevere un quinto di un'azione

L'estensione mira a fornire ad Aquaron ulteriore tempo per completare una combinazione aziendale.

Aquaron Acquisition Corp. (NASDAQ: AQU), una compañía de adquisición de propósito especial, ha anunciado una extensión para su plazo de combinación empresarial. HUTURE ha depositado 20,000 dólares en la cuenta fiduciaria de la Compañía, extendiendo el período de finalización por un mes, desde 6 de octubre de 2024 hasta 6 de noviembre de 2024.

En intercambio por el depósito, Aquaron emitió un pagaré a Huture con los siguientes términos:

  • Monto principal igual a la suma depositada
  • Sin interés
  • Convertible en acciones ordinarias de la Compañía a 10,00 dólares por unidad
  • Cada unidad consiste en una acción ordinaria y un derecho a recibir una quinta parte de una acción

La extensión tiene como objetivo proporcionar a Aquaron tiempo adicional para completar una combinación empresarial.

Aquaron Acquisition Corp. (NASDAQ: AQU), 특별목적 인수 회사가 사업 결합 마감 기한 연장을 발표했습니다. HUTURE는 기업의 신탁 계좌에 20,000달러를 입금하여 완료 기간을 한 달 연장했습니다. 2024년 10월 6일에서 2024년 11월 6일로 연장되었습니다.

입금에 대한 대가로 Aquaron은 Huture에게 다음과 같은 조건으로 약속어음을 발행했습니다:

  • 주요 금액은 입금된 금액과 같습니다
  • 이자 없음
  • 단위당 10.00달러로 회사의 보통주로 전환 가능
  • 각 단위는 한 주의 보통주와 1/5주를 받을 권리로 구성됩니다

이번 연장은 Aquaron이 사업 결합을 완료할 수 있도록 추가 시간을 제공하는 것을 목표로 합니다.

Aquaron Acquisition Corp. (NASDAQ: AQU), une société d'acquisition à but spécial, a annoncé une prolongation de son délai de combinaison d'affaires. HUTURE a déposé 20 000 dollars sur le compte fiduciaire de la Société, prolongeant la période d'achèvement d'un mois, du 6 octobre 2024 au 6 novembre 2024.

En échange du dépôt, Aquaron a émis une note promissoire à Huture avec les conditions suivantes :

  • Montant principal égal à la somme déposée
  • Sans intérêt
  • Convertible en actions ordinaires de la Société à 10,00 dollars par unité
  • Chaque unité consiste en une action ordinaire et un droit de recevoir un cinquième d'action

La prolongation vise à donner à Aquaron un temps supplémentaire pour finaliser une combinaison d'affaires.

Aquaron Acquisition Corp. (NASDAQ: AQU), eine Special Purpose Acquisition Company, hat eine Verlängerung der Frist für ihre Unternehmenszusammenführung angekündigt. HUTURE hat 20.000 Dollar auf das Treuhandkonto des Unternehmens eingezahlt, wodurch der Zeitraum für den Abschluss um einen Monat verlängert wird, vom 6. Oktober 2024 bis zum 6. November 2024.

Im Austausch für die Einzahlung hat Aquaron eine Schuldanerkennung an Huture mit den folgenden Bedingungen ausgegeben:

  • Hauptbetrag entspricht der eingezahlten Summe
  • Keine Zinsen
  • Wandelbar in Stammaktien des Unternehmens zu 10,00 Dollar pro Einheit
  • Jede Einheit besteht aus einer Stammaktie und einem Recht auf den Erhalt eines Fünftels einer Aktie

Die Verlängerung hat zum Ziel, Aquaron zusätzliche Zeit zu geben, um eine Unternehmenszusammenführung abzuschließen.

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NEW YORK, Oct. 2, 2024 /PRNewswire/ -- Aquaron Acquisition Corp. (NASDAQ: AQU, the "Company"), a special purpose acquisition company, announced today that HUTURE Ltd. ("Huture") has deposited into the Company's trust account (the "Trust Account") an aggregate of $20,000, in order to extend the period of time the Company has to complete a business combination for one additional month, from October 6, 2024 to November 6, 2024. The Company issued a promissory note to Huture with a principal amount equal to the amount deposited. The promissory note bears no interest and is convertible into the Company's shares of common stock at a price of $10.00 per unit (each unit is consisted of one share of common stock and one right to receive one-fifth (1/5) of a share of common stock) at the closing of a business combination by the Company. The purpose of the extension is to provide more time for the Company to complete a business combination.

About Aquaron Acquisition Corp.

Aquaron Acquisition Corp. is a Delaware corporation incorporated as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company's efforts to identify a prospective target business will not be limited to a particular industry or geographic region, although it intends to focus on operating businesses in the new energy sector. The Company affirmatively excludes as an initial business combination target any company of which financial statements are audited by an accounting firm that the United States Public Company Accounting Oversight Board is unable to inspect for two consecutive years beginning in 2021 and any target company with China operations consolidated through a VIE structure.

Forward-Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company's initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Cision View original content:https://www.prnewswire.com/news-releases/aquaron-acquisition-corp-announces-additional-contribution-to-trust-account-to-extend-period-to-consummate-business-combination-302265252.html

SOURCE Aquaron Acquisition Corp.

FAQ

What is the new deadline for Aquaron Acquisition Corp. (AQU) to complete a business combination?

The new deadline for Aquaron Acquisition Corp. (AQU) to complete a business combination is November 6, 2024.

How much did HUTURE deposit into Aquaron Acquisition Corp.'s (AQU) trust account for the extension?

HUTURE deposited $20,000 into Aquaron Acquisition Corp.'s (AQU) trust account for the one-month extension.

What are the terms of the promissory note issued by Aquaron Acquisition Corp. (AQU) to HUTURE ?

The promissory note has a principal amount of $20,000, bears no interest, and is convertible into Aquaron's common stock at $10.00 per unit at the closing of a business combination.

How long is the extension period granted to Aquaron Acquisition Corp. (AQU)?

Aquaron Acquisition Corp. (AQU) has been granted a one-month extension period to complete a business combination.

What is the purpose of the extension for Aquaron Acquisition Corp. (AQU)?

The purpose of the extension is to provide Aquaron Acquisition Corp. (AQU) with more time to complete a business combination.

Aquaron Acquisition Corp.

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