Aquaron Acquisition (AQUNU) News & Sentiment

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 $20,000, in order to extend the period of time the Company has to complete a business combination for one additional month, from December 6, 2024 to January 6, 2025. 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.