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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) 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) ha annunciato che HUTURE ha depositato $20.000 nel conto fiduciario della Società per estendere il termine per la combinazione aziendale di un mese, dal 6 novembre 2024 al 6 dicembre 2024. In cambio, la Società ha emesso una cambiale non fruttifera a favore di Huture, convertibile in unità di azioni ordinarie a $10,00 per unità al closing di una combinazione aziendale. Ogni unità consiste in un'azione ordinaria e un diritto di ricevere un quinto di un'azione ordinaria. Questa estensione ha lo scopo di fornire ulteriore tempo per completare una combinazione aziendale.

Aquaron Acquisition Corp (NASDAQ: AQU) anunció que HUTURE ha depositado $20,000 en la cuenta fiduciaria de la Compañía para extender su plazo de combinación de negocios por un mes, del 6 de noviembre de 2024 al 6 de diciembre de 2024. A cambio, la Compañía emitió un pagaré sin intereses a Huture, convertible en acciones ordinarias a $10.00 por unidad al cierre de una combinación de negocios. Cada unidad consiste en una acción ordinaria y un derecho a recibir una quinta parte de una acción ordinaria. Esta extensión tiene como objetivo proporcionar tiempo adicional para completar una combinación de negocios.

Aquaron Acquisition Corp (NASDAQ: AQU)는 HUTURE가 사업 결합 기한을 한 달 연장하기 위해 회사의 신탁 계좌에 $20,000를 입금했다고 발표했습니다. 기한은 2024년 11월 6일에서 2024년 12월 6일로 연장됩니다. 대가로 회사는 Huture에게 이자가 없는 약속어음을 발행했으며, 이는 사업 결합의 마감 시 $10.00에 보통주 단위로 전환될 수 있습니다. 각 단위는 보통주 1주와 보통주 1/5주를 받을 권리로 구성됩니다. 이번 연장은 사업 결합을 완료할 추가 시간을 제공하는 것을 목표로 하고 있습니다.

Aquaron Acquisition Corp (NASDAQ: AQU) a annoncé que HUTURE a déposé 20 000 $ sur le compte fiduciaire de la Société pour prolonger son délai de combinaison d'affaires d'un mois, du 6 novembre 2024 au 6 décembre 2024. En échange, la Société a émis une note de promesse sans intérêt à Huture, convertible en unités d'actions ordinaires à 10,00 $ par unité lors de la clôture d'une combinaison d'affaires. Chaque unité se compose d'une action ordinaire et d'un droit de recevoir un cinquième d'une action ordinaire. Cette extension vise à fournir un temps supplémentaire pour compléter une combinaison d'affaires.

Aquaron Acquisition Corp (NASDAQ: AQU) hat bekannt gegeben, dass HUTURE $20.000 auf das Treuhandkonto des Unternehmens eingezahlt hat, um die Frist für die Unternehmenszusammenführung um einen Monat zu verlängern, von 6. November 2024 auf 6. Dezember 2024. Im Gegenzug hat das Unternehmen eine zinsfreie Schuldverschreibung an Huture ausgegeben, die bei Abschluss einer Unternehmenszusammenführung in Stammaktien zu 10,00 $ pro Einheit umgewandelt werden kann. Jede Einheit besteht aus einer Stammaktie und einem Recht auf den Erhalt eines Fünftels einer Stammaktie. Diese Verlängerung zielt darauf ab, zusätzliche Zeit für den Abschluss einer Unternehmenszusammenführung bereitzustellen.

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NEW YORK, Nov. 6, 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 November 6, 2024 to December 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-302297140.html

SOURCE Aquaron Acquisition Corp.

FAQ

What is the amount Huture deposited into Aquaron Acquisition Corp's trust account on November 6, 2024?

Huture deposited $20,000 into Aquaron Acquisition Corp's trust account.

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

The new deadline for Aquaron Acquisition Corp to complete its business combination is December 6, 2024.

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

The promissory note bears no interest and is convertible into common stock units at $10.00 per unit, with each unit consisting of one common stock share and one right to receive one-fifth of a common stock share.

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

The extension period granted is one month, from November 6, 2024 to December 6, 2024.

Aquaron Acquisition Corp.

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Shell Companies
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