Aquaron Acquisition Corp. Faces Delisting Concerns

TL;DR

Aquaron Acquisition Corp. might be delisted - big trouble ahead.

AI Summary

Aquaron Acquisition Corp. filed an 8-K on April 23, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule or standard, and a transfer of listing. The filing date of the report is April 23, 2024, with the earliest event reported on April 19, 2024. The company is incorporated in Delaware and its principal executive offices are located at 515 Madison Avenue, 8th Floor, New York, NY 10022.

Why It Matters

This filing indicates potential issues with Aquaron Acquisition Corp.'s continued listing on an exchange, which could lead to significant volatility and impact investor confidence.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's stock and operations.

Key Players & Entities

• Aquaron Acquisition Corp. (company) — Registrant
• April 23, 2024 (date) — Date of Report
• April 19, 2024 (date) — Date of earliest event reported
• 515 Madison Avenue, 8th Floor, New York, NY 10022 (location) — Principal Executive Offices

FAQ

Filing Documents

• ea0204463-8k_aquaron.htm (8-K) — 33KB
• ea020446301ex99-1_aquaron.htm (EX-99.1) — 6KB
• 0001213900-24-035107.txt ( ) — 261KB
• aqu-20240419.xsd (EX-101.SCH) — 3KB
• aqu-20240419_def.xml (EX-101.DEF) — 26KB
• aqu-20240419_lab.xml (EX-101.LAB) — 36KB
• aqu-20240419_pre.xml (EX-101.PRE) — 25KB
• ea0204463-8k_aquaron_htm.xml (XML) — 6KB

01 Notice of Delisting or Failure to Satisfy a Continued

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On April 19, 2024, Aquaron Acquisition Corp. (the "Company") received a written notice (the "Notice") from the Listing Qualifications staff (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it currently does not satisfy Listing Rule 5250(c)(1), as a result of not having timely filed with the U.S. Securities and Exchange Commission (the "Commission") its Form 10-K for the year ended December 31, 2023 (the "Form 10-K"). The Notice is a notification of deficiency, not of imminent delisting, and has no immediate effect on the listing or trading of the Company's securities on the Nasdaq Capital Market. The Company has 60 calendar days from the date of the Notice, or until June 18, 2024, to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rule 5250(c)(1). If the Company submits a plan to Nasdaq and Nasdaq accepts the plan, Nasdaq can grant an exception of up to 180 calendar days from the due date of the filing of the Form 10-K, or until October 14, 2024, to regain compliance. If the Company does not regain compliance within the allotted compliance periods, including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Company's common stock will be subject to delisting. The Company would then be entitled to appeal that determination to a Nasdaq hearings panel. The Company's objective is to regain compliance with the listing requirement, and the Company currently intends to file the Form 10-K with the Commission as soon as it completes the preparation and review of its financial statements for the year ended December 31, 2023. On April 23, 2024, the Company issued a press release announcing its receipt of the Notice from Nasdaq. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

Forward-Looking Statements

Forward-Looking Statements This Form 8-K contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this Form 8-K are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including "may," "should," "expect," "intend," "will," "anticipate," "believe," "predict," "plan," "targets," "projects," "could," "would," "continue," or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. For example, there can be no assurance that the Company will regain compliance with the Minimum Public Holders Rule or otherwise meet Nasdaq compliance standards, that Nasdaq will grant the Company any relief from delisting as necessary or that the Company can ultimately meet applicable Nasdaq requirements for any such relief. All forward-looking inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to the risks and uncertainties set forth under the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in the Company's Annual Report on Form 10-K for the year ended December, 31, 2022, which was filed with the SEC on March 30, 2023, and the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, which was filed with the SEC on November 14, 2023, as such factors may be updated from time to time in the Company's filings with the SEC. These filings identify and address ot

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Exhibit Description 99.1 Press Release, dated April 23, 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: April 23, 2024 AQUARON ACQUISITION CORP. By: /s/ Yi Zhou Name: Yi Zhou Title: Chief Executive Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR