Aquaron Acquisition (NASDAQ: AQUC) takes $16K note to extend merger window

Rhea-AI Filing Summary

Aquaron Acquisition Corp. entered into a new financing arrangement to extend its window to complete a business combination. On March 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 Aquaron units 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.

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.

Understanding 8-K Material Events →

false 0001861063 0001861063 2026-03-06 2026-03-06 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

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

March 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 March 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).

1

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: March 9, 2026

AQUARON ACQUISITION CORP.

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

2

FAQ

What agreement did Aquaron Acquisition Corp. (AQUC) enter on March 6, 2026?

Aquaron Acquisition Corp. entered into an unsecured promissory note with HUTURE Ltd. for $16,198.05. HUTURE deposited this amount into Aquaron’s trust account, allowing the company more time to complete a business combination under its existing structure.

What are the key terms of Aquaron Acquisition Corp.’s new promissory note?

The new promissory note has a principal amount of $16,198.05, is unsecured, and bears no interest. It matures upon the closing of a business combination by Aquaron Acquisition Corp., aligning repayment with the completion of its merger transaction.

How can HUTURE Ltd. convert the Aquaron Acquisition Corp. (AQUC) note?

HUTURE Ltd. may convert the note into Aquaron securities at a price of $10.00 per unit. Each unit consists of one share of common stock and one right to receive one-fifth of a share of common stock, mirroring the IPO structure.

Why did Aquaron Acquisition Corp. issue the $16,198.05 note to HUTURE Ltd.?

Aquaron issued the $16,198.05 note so HUTURE could fund its trust account, extending the time available to complete a business combination. This small financing step supports the company’s ongoing efforts to finalize a suitable merger target.

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

The promissory note issued to HUTURE Ltd. matures upon the closing of a business combination by Aquaron Acquisition Corp. This means repayment or conversion is tied directly to the successful completion of the company’s merger transaction.

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL SCHEMA FILE 2.9 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB