Aquaron Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
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: AQU) ha annunciato che HUTURE ha depositato 20.000 dollari nel conto fiduciario della Società per estendere la scadenza per il completamento della sua combinazione aziendale di un mese, dal 6 dicembre 2024 al 6 gennaio 2025.
In cambio, la Società ha emesso una cambiale senza interessi a favore di Huture, convertibile in unità di azioni ordinarie a 10,00 dollari per unità. Ogni unità comprende un'azione ordinaria e un diritto di ricevere un quinto di un'azione ordinaria al completamento di una combinazione aziendale. Questa estensione ha l'obiettivo di fornire ulteriore tempo alla Società per finalizzare una combinazione aziendale.
Aquaron Acquisition Corp (NASDAQ: AQU) anunció que HUTURE ha depositado 20,000 dólares en la cuenta fiduciaria de la Compañía para extender su fecha límite de finalización de la combinación de negocios por un mes, del 6 de diciembre de 2024 al 6 de enero de 2025.
A cambio, la Compañía emitió una nota promisoria sin intereses a Huture, convertible en unidades de acciones comunes a 10.00 dólares por unidad. Cada unidad consta de una acción ordinaria y un derecho a recibir un quinto de una acción ordinaria tras la finalización de una combinación de negocios. Esta extensión tiene como objetivo proporcionar tiempo adicional a la Compañía para finalizar una combinación de negocios.
Aquaron Acquisition Corp (NASDAQ: AQU)는 HUTURE가 회사의 신탁 계좌에 20,000달러를 예치하여 사업 결합 완료 기한을 한 달 연장, 즉 2024년 12월 6일에서 2025년 1월 6일로 변경했다고 발표했습니다.
대신, 회사는 Huture에 이자가 없는 약속어음을 발행했으며, 이는 주식 단위로 10.00달러에 전환 가능합니다. 각 단위는 하나의 보통주와 사업 결합 완료 시 보통주 1/5주를 받을 수 있는 권리를 포함합니다. 이번 연장은 회사가 사업 결합을 완료할 수 있는 추가 시간을 제공하기 위한 것입니다.
Aquaron Acquisition Corp (NASDAQ: AQU) a annoncé que HUTURE a déposé 20 000 dollars sur le compte de fiducie de la Société pour prolonger son délai de réalisation de la combinaison d'affaires d'un mois, du 6 décembre 2024 au 6 janvier 2025.
En échange, la Société a émis un billet à ordre non rémunéré à Huture, convertible en unités d'actions ordinaires à 10,00 dollars l'unité. Chaque unité comprend une action ordinaire et un droit de recevoir un cinquième d'une action ordinaire lors de la réalisation d'une combinaison d'affaires. Cette prolongation vise à fournir un temps supplémentaire à la Société pour finaliser une combinaison d'affaires.
Aquaron Acquisition Corp (NASDAQ: AQU) gab bekannt, dass HUTURE 20.000 Dollar auf das Treuhandkonto des Unternehmens eingezahlt hat, um die Frist für den Abschluss der Unternehmenszusammenlegung um einen Monat zu verlängern, von 6. Dezember 2024 auf 6. Januar 2025.
Im Gegenzug gab das Unternehmen eine zinslose Schuldanerkennung an Huture heraus, die in Stammaktieneinheiten zu einem Preis von 10,00 Dollar pro Einheit umwandelbar ist. Jede Einheit besteht aus einer Stammaktie und einem Recht, ein Fünftel einer Stammaktie nach Abschluss einer Unternehmenszusammenlegung zu erhalten. Diese Verlängerung soll dem Unternehmen zusätzliche Zeit geben, um eine Unternehmenszusammenlegung abzuschließen.
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NEW YORK, Dec. 05, 2024 (GLOBE NEWSWIRE) -- 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
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.
Yi Zhou
Aquaron Acquisition Corp.
FAQ
What is the purpose of Aquaron Acquisition Corp's $20,000 trust account deposit announced on December 5, 2024?
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