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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 completion deadline by one month, from December 6, 2024 to January 6, 2025.
In exchange, the Company issued a non-interest-bearing promissory note to Huture, convertible into common stock units at $10.00 per unit. Each unit comprises one share of common stock and one right to receive one-fifth of a share of common stock upon completion of a business combination. This extension aims to provide additional time for the Company to finalize a business combination.
Aquaron Acquisition Corp. (NASDAQ: AQUNU) announced that holders of its units can now separately trade the common stock (AQU) and rights (AQUNR) starting October 19, 2022. This move allows investors more flexibility in managing their investments. The company, focused on mergers and acquisitions, aims to target businesses primarily in the new energy sector while excluding companies audited by firms not inspected by U.S. authorities. Forward-looking statements indicate potential risks and uncertainties associated with its business strategy.
Aquaron Acquisition Corp. (NASDAQ: AQUNU) announced the pricing of its initial public offering (IPO) of 5,000,000 units at $10.00 per unit, set to begin trading on NASDAQ under the ticker symbol AQUNU starting October 10, 2022. Each unit consists of one share of common stock and a right to receive one-fifth of a share upon completion of an initial business combination. The offering is expected to close on October 6, 2022, with an option for the underwriter to purchase an additional 750,000 units to cover over-allotments.
Aquaron plans to focus on the new energy sector for potential business combinations.
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