Aquaron Acquisition Corp. (AQUC) adds $16K sponsor note to extend deal window
Rhea-AI Filing Summary
Aquaron Acquisition Corp. entered into a new financing arrangement related to its pending business combination process. On January 6, 2026, the company issued an unsecured promissory note with a principal amount of $16,198.05 to HUTURE Ltd. in exchange for Huture depositing the same amount into Aquaron’s trust account to extend the time available to complete a business combination. The note bears no interest and becomes due upon the closing of a business combination. The holder may also convert the note into units of Aquaron’s common stock at $10.00 per unit, with each unit consisting of one share of common stock and one right to receive one-fifth of a share of common stock.
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FAQ
What did Aquaron Acquisition Corp. (AQUC) disclose in this report?
Aquaron Acquisition Corp. disclosed that it issued an unsecured promissory note to HUTURE Ltd. so that funds could be deposited into its trust account to extend the time it has to complete a business combination.
How large is the promissory note Aquaron Acquisition Corp. issued to HUTURE Ltd.?
The promissory note issued to HUTURE Ltd. has an aggregate principal amount of $16,198.05, which was deposited into Aquaron’s trust account.
Does the new Aquaron Acquisition Corp. note to HUTURE Ltd. bear interest?
No. The unsecured promissory note issued by Aquaron Acquisition Corp. to HUTURE Ltd. does not bear interest and is repayable at its principal amount.
When does Aquaron Acquisition Corp.’s promissory note to HUTURE Ltd. mature?
The promissory note issued by Aquaron Acquisition Corp. to HUTURE Ltd. matures upon the closing of a business combination by the company.
Can the Aquaron Acquisition Corp. promissory note be converted into stock?
Yes. The holder may convert the note into units of Aquaron’s common stock at a price of $10.00 per unit, with each unit consisting of one share of common stock and one right to receive one-fifth (1/5) of a share of common stock.
Why did Aquaron Acquisition Corp. receive funds from HUTURE Ltd.?
HUTURE Ltd. deposited $16,198.05 into Aquaron Acquisition Corp.’s trust account so the company could extend the time it has available to complete a business combination.