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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 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.

Aquaron Acquisition Corp. (NASDAQ: AQU), una società di acquisizione a scopo speciale, ha annunciato un'estensione della scadenza per la sua combinazione aziendale. HUTURE ha depositato $20.000 nel conto fiduciario della società, estendendo il periodo per completare una combinazione aziendale di un mese, dal 6 agosto 2024 al 6 settembre 2024.

In cambio, Aquaron ha emesso una cambiale a Huture per l'importo depositato. La cambiale non porta interessi ed è convertibile in azioni della società a $10,00 per unità al momento della chiusura della combinazione aziendale. Ogni unità è composta da un'azione ordinaria e da un diritto di ricevere un quinto di un'azione. Questa estensione mira a fornire ad Aquaron ulteriore tempo per finalizzare una combinazione aziendale.

Aquaron Acquisition Corp. (NASDAQ: AQU), una compañía de adquisición de propósito especial, ha anunciado una extensión de su plazo para la combinación empresarial. HUTURE ha depositado $20,000 en la cuenta fiduciaria de la compañía, extendiendo el periodo para completar una combinación empresarial por un mes, del 6 de agosto de 2024 al 6 de septiembre de 2024.

A cambio, Aquaron emitió un pagaré a Huture por el monto depositado. El pagaré no genera interés y es convertible en acciones de la compañía a $10.00 por unidad al cerrar una combinación empresarial. Cada unidad consiste en una acción ordinaria y un derecho a recibir una quinta parte de una acción. Esta extensión tiene como objetivo proporcionar a Aquaron tiempo adicional para finalizar una combinación empresarial.

Aquaron Acquisition Corp. (NASDAQ: AQU), 특별 목적 인수 회사,는 사업 조합 기한 연장을 발표했습니다. HUTURE는 회사의 신탁 계좌에 $20,000를 입금하여 사업 조합 완료 기간을 한 달 연장하여 2024년 8월 6일에서 2024년 9월 6일로 변경하였습니다.

이와 교환하여 Aquaron은 Huture에게 입금된 금액에 대한 약속어음 하나를 발행했습니다. 이 어음은 이자가 없으며, 사업 조합이 종료될 때 주당 $10.00로 회사 주식으로 전환 가능합니다. 각 유닛은 하나의 보통주와 한 주의 다섯 분의 일에 대한 권리가 포함됩니다. 이 연장은 Aquaron이 사업 조합을 완료할 수 있는 추가 시간을 제공하기 위한 것입니다.

Aquaron Acquisition Corp. (NASDAQ: AQU), une société d'acquisition à but spécial, a annoncé une prolongation de son délai pour la combinaison d'entreprises. HUTURE a déposé 20 000 $ sur le compte en fiducie de la société, prolongeant ainsi la période pour compléter une combinaison d'entreprises d'un mois, du 6 août 2024 au 6 septembre 2024.

En échange, Aquaron a émis une lettre de change à Huture pour le montant déposé. La lettre de change ne porte aucun intérêt et est convertible en actions de la société à 10,00 $ par unité lors de la clôture d'une combinaison d'entreprises. Chaque unité se compose d'une action ordinaire et d'un droit de recevoir un cinquième d'une action. Cette extension vise à donner à Aquaron un temps supplémentaire pour finaliser une combinaison d'entreprises.

Aquaron Acquisition Corp. (NASDAQ: AQU), ein Unternehmen für spezielle Akquisitionen, hat eine Verlängerung seiner Frist für die Unternehmenszusammenlegung angekündigt. HUTURE hat 20.000 $ auf das Treuhandkonto des Unternehmens eingezahlt, wodurch der Zeitraum zur vollständigen Unternehmenszusammenlegung um einen Monat verlängert wird, vom 6. August 2024 bis zum 6. September 2024.

Im Gegenzug hat Aquaron eine Schuldanerkenntnis an Huture über den eingezahlten Betrag ausgegeben. Das Schuldanerkenntnis ist zinslos und zum Preis von 10,00 $ pro Einheit in Unternehmensanteile umwandelbar, wenn eine Unternehmenszusammenlegung abgeschlossen wird. Jede Einheit besteht aus einer Stammaktie und einem Recht, ein Fünftel einer Aktie zu erhalten. Diese Verlängerung soll Aquaron zusätzliche Zeit geben, um eine Unternehmenszusammenlegung abzuschließen.

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NEW YORK, Aug. 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 August 6, 2024 to September 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-302215362.html

SOURCE Aquaron Acquisition Corp.

FAQ

What did Aquaron Acquisition Corp. (AQU) announce on August 6, 2024?

Aquaron Acquisition Corp. (AQU) announced an extension of its deadline to complete a business combination by one month, from August 6, 2024 to September 6, 2024, through a $20,000 deposit into its trust account by HUTURE

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

HUTURE deposited $20,000 into Aquaron Acquisition Corp.'s (AQU) trust account to extend the business combination deadline.

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 Aquaron Acquisition Corp. (AQU) shares at $10.00 per unit upon closing a business combination. Each unit includes one common stock share and one right to receive one-fifth of a share.

Why did Aquaron Acquisition Corp. (AQU) extend its business combination deadline?

Aquaron Acquisition Corp. (AQU) extended its business combination deadline to provide more time to complete a business combination.

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 September 6, 2024.

Aquaron Acquisition Corp.

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