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Aquaron Acquisition Corp. entered into a new financing arrangement to support more time to complete its business combination. On January 6, 2026, the company issued an unsecured promissory note for $16,198.05 to HUTURE Ltd., in exchange for Huture depositing the same amount into Aquaron’s trust account to extend the deadline to close a deal. The note carries no interest and becomes due when Aquaron completes a business combination. Huture may also choose to 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.
Aquaron Acquisition Corp. reported a net loss of
As of September 30, 2025, cash was
Aquaron Acquisition Corp. reported entering a material financing arrangement linked to its ongoing business combination process. On December 6, 2025, the company issued an unsecured promissory note for $16,198.05 to HUTURE Ltd. in exchange for an equal deposit into Aquaron’s trust account. This funding is specifically intended to extend the time the company has to complete a business combination.
The note carries no interest and becomes due when Aquaron closes a business combination. Huture may convert the note into units 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 of a share of common stock, mirroring the structure used in Aquaron’s initial public offering.
Aquaron Acquisition Corp. (AQUC) issued a $16,198.05 unsecured promissory note to HUTURE Ltd. after 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 matures upon the closing of a business combination. The holder may convert the note into securities identical to those sold in the company’s IPO at $10.00 per unit, with each unit consisting of one share of common stock and a right to receive one‑fifth of a share of common stock.
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