Aquaron Acquisition Corp. Enters Material Definitive Agreement
Ticker: AQUNU · Form: 8-K · Filed: Jun 4, 2024 · CIK: 1861063
| Field | Detail |
|---|---|
| Company | Aquaron Acquisition CORP. (AQUNU) |
| Form Type | 8-K |
| Filed Date | Jun 4, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $20,000, $10.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation, acquisition-corp
TL;DR
Aquaron Acquisition Corp. just signed a big deal, creating new financial obligations.
AI Summary
Aquaron Acquisition Corp. entered into a Material Definitive Agreement on June 4, 2024. This agreement creates a direct financial obligation for the registrant. The filing also includes other events and financial statements/exhibits.
Why It Matters
This filing indicates a significant new agreement for Aquaron Acquisition Corp., potentially impacting its financial obligations and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks and uncertainties for a company.
Key Players & Entities
- Aquaron Acquisition Corp. (company) — Registrant
- June 4, 2024 (date) — Date of Report and Earliest Event
FAQ
What is the nature of the Material Definitive Agreement entered into by Aquaron Acquisition Corp.?
The filing states that Aquaron Acquisition Corp. entered into a Material Definitive Agreement, but the specific details of the agreement are not provided in this summary.
What type of financial obligation has been created for Aquaron Acquisition Corp.?
The filing indicates the creation of a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant', but the specific terms are not detailed here.
What is the jurisdiction of incorporation for Aquaron Acquisition Corp.?
Aquaron Acquisition Corp. is incorporated in Delaware.
What is the SIC code for Aquaron Acquisition Corp.?
The Standard Industrial Classification (SIC) code for Aquaron Acquisition Corp. is 6770 (BLANK CHECKS).
When is Aquaron Acquisition Corp.'s fiscal year end?
Aquaron Acquisition Corp.'s fiscal year ends on December 31.
Filing Stats: 582 words · 2 min read · ~2 pages · Grade level 10.8 · Accepted 2024-06-04 07:00:26
Key Financial Figures
- $20,000 — te in the aggregate principal amount of $20,000 (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
- ea0207314-8k425_aquaron.htm (8-K) — 29KB
- ea020731401ex99-1_aquaron.htm (EX-99.1) — 5KB
- 0001213900-24-049348.txt ( ) — 254KB
- aqu-20240604.xsd (EX-101.SCH) — 3KB
- aqu-20240604_def.xml (EX-101.DEF) — 26KB
- aqu-20240604_lab.xml (EX-101.LAB) — 36KB
- aqu-20240604_pre.xml (EX-101.PRE) — 25KB
- ea0207314-8k425_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 June 4, 2024, Aquaron Acquisition Corp. (the " Company ") issued an unsecured promissory note in the aggregate principal amount of $20,000 (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 June 4, 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 June 4, 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: June 4, 2024 AQUARON ACQUISITION CORP. By: /s/ Yi Zhou Name: Yi Zhou Title: Chief Executive Officer 2