Aquaron extends SPAC timeline with $16K sponsor note

Aquaron Acquisition Corp. entered into a new financing arrangement to extend the time available to complete a business combination.

Rhea-AI Filing Summary

Aquaron Acquisition Corp. entered into a new financing arrangement to extend the time available to complete a business combination. On February 6, 2026, the company issued an unsecured promissory note for $16,198.05 to HUTURE Ltd., which deposited the same amount into Aquaron’s trust account.

The note bears no interest and becomes due when Aquaron closes a business combination. Huture may instead convert the note into units at $10.00 per unit, with each unit consisting of one common share and one right to receive one-fifth of a common share.

Insights

SPAC capital structure analyst

Small sponsor loan extends Aquaron’s deal timeline with optional equity conversion.

Aquaron Acquisition Corp. issued an unsecured promissory note for $16,198.05 to HUTURE Ltd., which funded the same amount into the SPAC’s trust to extend the period for completing a business combination. The note carries no interest and is tied to the eventual closing.

The holder can convert the note into units at $10.00 per unit, matching Aquaron’s initial public offering terms, with each unit including one share and a right to one-fifth of a share. Any equity impact depends on whether Huture elects conversion at the time of the business combination.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What financing agreement did Aquaron Acquisition Corp. (AQUC) enter into?

Aquaron Acquisition Corp. issued an unsecured promissory note for $16,198.05 to HUTURE Ltd. in exchange for a matching deposit into its trust account, extending the time available to complete a business combination under its SPAC structure.

Why did Aquaron Acquisition Corp. (AQUC) receive $16,198.05 from HUTURE Ltd.?

HUTURE Ltd. deposited $16,198.05 into Aquaron’s trust account so the company could extend the period to complete a business combination. In return, Aquaron issued an unsecured promissory note in the same principal amount to HUTURE Ltd. on February 6, 2026.

Does the new Aquaron (AQUC) promissory note to HUTURE Ltd. bear interest?

The promissory note issued by Aquaron Acquisition Corp. to HUTURE Ltd. does not bear interest. The principal of $16,198.05 is repayable upon the closing of a business combination, providing short-term, cost-effective financing to support the SPAC’s extended timeline.

When does Aquaron Acquisition Corp.’s promissory note to HUTURE Ltd. mature?

Aquaron’s unsecured promissory note to HUTURE Ltd. matures upon the closing of a business combination. That means repayment of the $16,198.05 principal is tied to the successful completion of a merger or similar transaction by the SPAC.

Can the Aquaron (AQUC) promissory note held by HUTURE Ltd. be converted into equity?

Yes. HUTURE Ltd. may convert the note into Aquaron units at $10.00 per unit. Each unit consists of one common share and one right to receive one-fifth of a share, mirroring the company’s initial public offering structure if conversion is elected.

How does the HUTURE Ltd. note affect Aquaron Acquisition Corp.’s business combination timeline?

By depositing $16,198.05 into Aquaron’s trust account, HUTURE Ltd. enables the SPAC to extend its allowed time to complete a business combination. This small funding step helps maintain the vehicle while it continues pursuing a suitable merger target.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/10/2026 - 08:17 PM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

February 6, 2026

Date of Report (Date of earliest event reported)

Aquaron Acquisition Corp.

(Exact Name of Registrant as Specified in its Charter)

Delaware		001-41470		86-2760193
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

515 Madison Ave. 8th Floor New York NY		10022
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (646) 970-2181

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☒	Written communications pursuant to Rule 425 under the Securities Act
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

Securities registered pursuant to Section 12(b) of the Act: None 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01. Entry into a Material Definitive Agreement.

The disclosure contained in Item 2.03 is incorporated by reference in this Item 1.01

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On February 6, 2026, Aquaron Acquisition Corp. (the “Company”) issued an unsecured promissory note in the aggregate principal amount of $16,198.05 (the “Note”) to HUTURE Ltd. (“Huture”) in exchange for Huture depositing such amount into the Company’s trust account in order to extend the amount of time it has available to complete a business combination. The Note does not bear interest and mature upon closing of a business combination by the Company. In addition, the Note may be converted by the holder into shares of common stock of the Company identical to the common stock issued in the Company’s initial public offering 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).

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: February 10, 2026

AQUARON ACQUISITION CORP.

By:	/s/ Yi Zhou
Name:	Yi Zhou
Title:	Chief Executive Officer

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