Aquaron Acquisition Corp.
NASDAQ Global MarketCapital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- CEO
- Yi Zhou
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 515 Madison Avenue New York City NY United States of America 10022
- IPO Date
- Oct 19, 2022
- CIK
- 0001861063
- Similar Companies
- Business
- Aquaron Acquisition Corp is a special purpose acquisition company (SPAC) incorporated in 2021 and headquartered in New York, New York. The company specializes in effecting mergers, share exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses or entities. Aquaron's acquisition focus is not limited to any specific industry or geographic region but concentrates on operating businesses in the new energy sector. Its primary activities include identifying and acquiring target companies, providing investors access to growth opportunities through business combinations. Recently, Aquaron Acquisition Corp announced a definitive merger agreement with HUTURE Ltd., a pioneer in hydrogen-powered vehicle research, development, manufacturing, and sales based in China. This merger positions HUTURE under the management of HUTURE Group Limited, a Cayman Islands-based holding entity, with plans to list on the Nasdaq stock market. The merger reflects an initial equity valuation of approximately $1 billion, with HUTURE shareholders retaining a majority stake and appointing directors to the board. The transaction aims to accelerate HUTURE’s growth strategy and expand its market presence in the hydrogen fuel-cell industry, focusing on environmentally friendly transportation solutions. In addition to the merger agreement, Aquaron Acquisition Corp extended its deadline to consummate the business combination several times through contributions from HUTURE and other entities into the company's trust account, facilitating additional time to complete the merger. The company issued non-interest-bearing promissory notes convertible into common stock units as part of these extensions. These strategic steps underscore Aquaron’s commitment to finalizing the business combination and transitioning toward operational activity in the clean energy segment. Aquaron continues to focus on leveraging high-growth sectors such as hydrogen fuel-cell technology through this merger and related strategic initiatives. Overall, Aquaron Acquisition Corp operates primarily as a blank check company facilitating acquisitions in new energy, with its major product/service activity revolving around completing business combinations. Its latest and significant corporate change is the pending merger with HUTURE Ltd., marking a strategic pivot to hydrogen-powered vehicle technology and clean transportation solutions, with expanded operational presence expected post-merger on Nasdaq. It engages shareholders in approval processes and regulatory filings to complete this transition successfully.
Aquaron Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
Aquaron Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
Aquaron Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
Aquaron Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
Aquaron Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
Aquaron Acquisition Corp. Announces Receipt of Delisting Notification from Nasdaq
Aquaron Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
HUTURE Ltd. Enters into Definitive Merger Agreement with Aquaron Acquisition Corp. (Nasdaq: AQU)
Aquaron Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
Aquaron Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
Aquaron Acquisition Corp. Announces Receipt of Delinquency Notice from Nasdaq Regarding Delayed Form 10-Q
Aquaron Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
Aquaron Acquisition Corp. Announces Receipt of Delinquency Notice from Nasdaq Regarding Delayed Form 10-K
Aquaron Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
Aquaron Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
Aquaron Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
Aquaron Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination