Aquaron Acquisition Corp.
AQUNR
NASDAQ Capital Market0.30
USD
+0.04
- -
CIK
0001861063
ISIN
US03842W1137
CUSIP
03842W113
Return %
Stock
S&P500
1Y
172.48
26.53
3Y
42.86
76.60
5Y
76.47
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
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. Aquaron Acquisition Corp. is a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities, primarily targeting the new energy sector while excluding companies audited by firms not inspected by U.S. authorities; it offers no operational products or services prior to completing such a transaction and generates no revenue from ongoing operations. Founded on March 11, 2021, and headquartered at 515 Madison Avenue, 8th Floor, New York, New York, the company went public in October 2022 via an initial public offering of units on Nasdaq, each comprising one share of common stock and one right entitling the holder to one-fifth of a share upon a successful business combination. Aquaron Acquisition Corp. trades on OTC Markets under tickers including AQUNR for rights following separation from units. In July 2024, Aquaron Acquisition Corp. entered into a definitive merger agreement with HUTURE Ltd., a developer of hydrogen-powered vehicles, under which HUTURE shareholders will own the majority of the combined entity—structured as HUTURE Group Limited (PubCo), a Cayman Islands holding company with an implied pre-closing equity value of $1.0 billion—subject to shareholder approval, regulatory clearances, Nasdaq listing of PubCo shares, and other closing conditions; post-merger, PubCo plans a 15% equity incentive pool and up to 10 million earnout shares for HUTURE sellers. To facilitate closing, Aquaron Acquisition Corp. has repeatedly extended its business combination deadline through 2025 via monthly trust account deposits from HUTURE—totaling non-interest-bearing convertible promissory notes at $10.00 per unit, including deposits as recent as October 2025 to push the period past May 2025—while pursuing shareholder votes, addressing Nasdaq delisting risks, and managing operational costs amid net losses from administrative expenses. The company operates without subsidiaries or parent entities and maintains a trust holding IPO proceeds for distribution to public shareholders upon combination or liquidation.