$16,198.05 loan helps extend Aquaron Acquisition (AQUC) SPAC timeline

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Aquaron Acquisition Corp. created a new debt obligation by issuing an unsecured promissory note for $16,198.05 to HUTURE Ltd. on April 6, 2026. Huture deposited the same amount into the company’s trust account to extend the time available to complete a business combination.

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

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.

Key Figures

Promissory note principal: $16,198.05 Interest rate: 0% Conversion price per unit: $10.00 per unit +1 more

4 metrics

Promissory note principal $16,198.05 Unsecured note issued to HUTURE Ltd. on April 6, 2026

Interest rate 0% Note does not bear interest

Conversion price per unit $10.00 per unit Price at which note may be converted into IPO-style units

Unit composition 1 share + 1/5 share right Each unit is one common share and a right to one-fifth share

Key Terms

unsecured promissory note, trust account, business combination, off-balance sheet arrangement, +1 more

5 terms

unsecured promissory note financial

"the Company issued an unsecured promissory note in the aggregate principal amount of $16,198.05"

An unsecured promissory note is a written IOU in which a borrower promises to repay a loan plus any interest but does not pledge any asset as collateral. Investors care because it relies solely on the borrower’s ability to pay—like lending money to someone without holding their watch as security—so it usually carries higher interest and higher risk and ranks below secured debt if the borrower defaults, affecting expected recovery and company credit profile.

trust account financial

"in exchange for Huture depositing such amount into the Company’s trust account"

A trust account is a special bank or brokerage account where assets are held and managed by a designated person or firm (the trustee) for the benefit of another person or group (the beneficiary). It matters to investors because it separates assets from personal or corporate funds, can protect assets, control how and when money is used, and may affect tax or legal rights—think of it as a locked drawer opened only under agreed rules.

business combination financial

"in order to extend the amount of time it has available to complete a business combination"

A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.

off-balance sheet arrangement financial

"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant"

emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Understanding 8-K Material Events →

04/07/2026 - 04:05 PM

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

April 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 April 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).

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: April 7, 2026

AQUARON ACQUISITION CORP.

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

Source: View Original Filing on SEC EDGAR

FAQ

What did Aquaron Acquisition Corp. (AQUC) announce in this 8-K?

Aquaron Acquisition Corp. issued an unsecured promissory note for $16,198.05 to HUTURE Ltd. Huture deposited the same amount into Aquaron’s trust account to extend the company’s time to complete a business combination under its SPAC structure.

How much is the new Aquaron Acquisition Corp. (AQUC) promissory note?

The new promissory note has a principal amount of $16,198.05. This exact amount was deposited by HUTURE Ltd. into Aquaron’s trust account, specifically to fund an extension of the period the company has to complete a business combination transaction.

Does the Aquaron Acquisition Corp. (AQUC) note to HUTURE Ltd. pay interest?

The promissory note issued to HUTURE Ltd. does not bear interest. Aquaron will either repay the $16,198.05 principal at the closing of a business combination or allow conversion into IPO-style units at a fixed price of $10.00 per unit.

When does Aquaron Acquisition Corp. (AQUC) have to repay the note?

The note matures upon the closing of a business combination by Aquaron Acquisition Corp. At that time, the company must either repay the $16,198.05 principal or the holder can choose to convert the note into units at $10.00 per unit.

Can the Aquaron Acquisition Corp. (AQUC) note be converted into equity?

Yes. The holder may convert the note into units identical to Aquaron’s IPO units at $10.00 per unit. Each unit consists of one common share and one right to receive one-fifth of a common share, providing potential equity upside instead of cash repayment.

What is the purpose of the HUTURE Ltd. funding for Aquaron Acquisition Corp. (AQUC)?

HUTURE Ltd. deposited $16,198.05 into Aquaron’s trust account in exchange for the note. The filing states the purpose is to extend the amount of time Aquaron has available to complete a business combination, a key step in its SPAC lifecycle.

Filing Exhibits & Attachments

3 documents