Aquaron Acquisition Corp. Enters Material Definitive Agreement
Ticker: AQUNU · Form: 8-K · Filed: Mar 1, 2024 · CIK: 1861063
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
Aquaron Acquisition Corp. signed a big deal, creating new financial obligations. Details TBD.
AI Summary
Aquaron Acquisition Corp. announced on March 1, 2024, that it entered into a Material Definitive Agreement. The company also reported the creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. Specific details regarding the agreement and financial obligations were not provided in this filing.
Why It Matters
This filing indicates a significant development for Aquaron Acquisition Corp., potentially involving new financial commitments or strategic partnerships that could impact its future operations and financial standing.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and new financial obligations, which inherently carry risks that are not yet fully disclosed.
Key Players & Entities
- Aquaron Acquisition Corp. (company) — Registrant
- March 1, 2024 (date) — Date of Report
FAQ
What is the nature of the Material Definitive Agreement entered into by Aquaron Acquisition Corp.?
The filing does not specify the nature of the Material Definitive Agreement.
What are the details of the Direct Financial Obligation or Off-Balance Sheet Arrangement created by Aquaron Acquisition Corp.?
The filing does not provide specific details regarding the financial obligation or arrangement.
When was the Material Definitive Agreement entered into?
The agreement was entered into on or before March 1, 2024, as indicated by the filing date.
What is Aquaron Acquisition Corp.'s standard industrial classification?
Aquaron Acquisition Corp.'s standard industrial classification is BLANK CHECKS [6770].
What is the business address of Aquaron Acquisition Corp.?
The business address is 515 MADISON AVENUE, 8TH FLOOR, NEW YORK, NY 10022.
Filing Stats: 580 words · 2 min read · ~2 pages · Grade level 10.8 · Accepted 2024-03-01 07:00:16
Key Financial Figures
- $70,000 — te in the aggregate principal amount of $70,000 (the " Note ") to Bestpath IoT Technolo
- $10.00 — s initial public offering at a price of $10.00 per unit (each unit is consisted of one
Filing Documents
- ea0201028-8k425_aquaron.htm (8-K) — 28KB
- ea0201028ex99-1_aquaron.htm (EX-99.1) — 5KB
- 0001213900-24-018759.txt ( ) — 252KB
- aqu-20240301.xsd (EX-101.SCH) — 3KB
- aqu-20240301_def.xml (EX-101.DEF) — 26KB
- aqu-20240301_lab.xml (EX-101.LAB) — 36KB
- aqu-20240301_pre.xml (EX-101.PRE) — 25KB
- ea0201028-8k425_aquaron_htm.xml (XML) — 6KB
01. Entry into a Material Definitive Agreement
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
03 Creation of a Direct Financial Obligation or an Obligation
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. On March 1, 2024, Aquaron Acquisition Corp. (the " Company ") issued an unsecured promissory note in the aggregate principal amount of $70,000 (the " Note ") to Bestpath IoT Technology Ltd. (" Bestpath ") in exchange for Bestpath 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).
01 Other Events
Item 8.01 Other Events The Company issued the release filed herewith on March 1, 2024. The materials attached as Exhibit 99.1 are incorporated by reference herein.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. Exhibit No. Description 99.1 Press Release dated March 1, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
SIGNATURES
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 1, 2024 AQUARON ACQUISITION CORP. By: /s/ Yi Zhou Name: Yi Zhou Title: Chief Executive Officer 2