Aquaron Acquisition Corp. Faces Delisting Notice

TL;DR

Aquaron Acquisition Corp. got a delisting notice, might be moving exchanges.

AI Summary

Aquaron Acquisition Corp. filed an 8-K on May 28, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule. The filing indicates a potential transfer of listing, with the earliest event reported on May 22, 2024. The company is incorporated in Delaware and its principal executive offices are located in New York.

Why It Matters

This filing signals potential issues with Aquaron Acquisition Corp.'s compliance with stock exchange listing standards, which could impact its trading status and investor confidence.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards is a significant event that can lead to the stock being removed from an exchange, severely impacting liquidity and valuation.

Key Players & Entities

• Aquaron Acquisition Corp. (company) — Registrant
• May 28, 2024 (date) — Filing Date
• May 22, 2024 (date) — Earliest Event Reported Date
• Delaware (jurisdiction) — State of Incorporation
• New York (location) — Principal Executive Offices Location

FAQ

Filing Documents

• ea0206938-8k_aquaron.htm (8-K) — 33KB
• ea020693801ex99-1_aquaron.htm (EX-99.1) — 6KB
• 0001213900-24-047064.txt ( ) — 261KB
• aqu-20240522.xsd (EX-101.SCH) — 3KB
• aqu-20240522_def.xml (EX-101.DEF) — 26KB
• aqu-20240522_lab.xml (EX-101.LAB) — 36KB
• aqu-20240522_pre.xml (EX-101.PRE) — 25KB
• ea0206938-8k_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 May 22, 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-Q for the period ended March 31, 2024 (the "Form 10-Q"). 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 July 22, 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-Q, or until November 18, 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-Q with the Commission as soon as it completes the preparation and review of its financial statements for the period ended March 31, 2024. On May 27, 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

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: May 28, 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