Aquaron Acquisition Corp.
AQUNU
Other OTC12.79
USD
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Aquaron Acquisition Corp.
AQUNU
(Other OTC)
Recent
price
12.79
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Aquaron Acquisition Corp. (AQUNU) operates as a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses, primarily targeting operating companies in the new energy sector while excluding targets with uninspected auditors or VIE structures in China; its core offerings consist of these acquisition vehicles structured as units comprising common stock, rights, and warrants traded on Nasdaq and OTC markets. Incorporated in 2021 as a Delaware corporation and headquartered at 515 Madison Avenue, 8th Floor, New York, New York, the company conducts no significant independent operations beyond pursuing and executing business combinations. Recent major developments include entering a definitive merger agreement on July 12, 2024, with HUTURE Ltd., a hydrogen energy firm specializing in research, development, manufacturing, and sales of hydrogen-powered vehicles, valuing the combined entity at an implied $1.0 billion equity value under a new Cayman Islands holding company HUTURE Group Limited; multiple deadline extensions through unsecured convertible promissory notes issued to HUTURE Ltd., including $20,000 in December 2024 to January 6, 2025, further extensions to February, March, May, and November 2025 with amounts such as $16,198.05 and $16,198 in May and November respectively, and a $20,000 note in April 2025, enabling continued pursuit of the transaction originally targeted for completion by May 6, 2025; termination of a prior merger agreement with Bestpath IoT Technology on the same date as the HUTURE deal; and ongoing SEC filings including 10-K and 10-Q reports affirming focus on the pending HUTURE combination amid Nasdaq delisting challenges.
Aquaron Announces Postponement of Annual Meeting
Aquaron Announces Postponement of Annual Meeting
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