Aquaron Acquisition (AQUC) adds $16,198 HUTURE note to extend deal window
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Aquaron Acquisition Corp. entered into a new financing arrangement to extend the time it has to complete a business combination. On February 6, 2026, the company issued an unsecured promissory note for $16,198.05 to HUTURE Ltd.. In return, Huture deposited the same amount into Aquaron’s trust account, which is used to fund the special purpose acquisition company’s potential merger.
The note carries no interest and becomes payable when Aquaron closes a business combination. Huture may instead choose to convert the note into units of Aquaron’s common stock at $10.00 per unit, with each unit consisting of one share plus a right to receive one-fifth of a share of common stock.
Positive
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Negative
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8-K Event Classification
2 items: 1.01, 2.03
2 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Financial
The company incurred a new significant debt or off-balance-sheet obligation.
FAQ
What agreement did Aquaron Acquisition Corp. (AQUC) enter on February 6, 2026?
Aquaron Acquisition Corp. issued an unsecured promissory note for $16,198.05 to HUTURE Ltd.. In exchange, Huture deposited the same amount into Aquaron’s trust account to extend the company’s time to complete a business combination.
What are the key terms of Aquaron Acquisition Corp.’s new promissory note?
The unsecured note has a principal amount of $16,198.05, bears no interest, and matures when Aquaron closes a business combination. The holder may choose to convert the note into units of common stock at $10.00 per unit instead of cash repayment.
How does the HUTURE Ltd. note affect Aquaron Acquisition Corp.’s trust account?
HUTURE Ltd. deposited $16,198.05 into Aquaron’s trust account in exchange for the note. This deposit is specifically intended to extend the time available for Aquaron to complete a business combination, supporting the SPAC’s ongoing transaction process.
Can the Aquaron Acquisition Corp. note issued to HUTURE Ltd. be converted into equity?
Yes. The holder of the note may convert the $16,198.05 principal into units at $10.00 per unit. Each unit consists of one common share and a right to receive one-fifth of a share of Aquaron’s common stock, mirroring IPO units.
When does Aquaron Acquisition Corp.’s promissory note to HUTURE Ltd. mature?
The note matures upon the closing of a business combination by Aquaron Acquisition Corp. At that point, HUTURE Ltd. can either receive repayment of the $16,198.05 principal in cash or elect to convert the amount into equity units.