Aquaron Acquisition Corp. Faces Delisting Notice
Ticker: AQUNU · Form: 8-K · Filed: Aug 30, 2024 · CIK: 1861063
Sentiment: bearish
Topics: delisting, listing-compliance, 8-k
Related Tickers: AQU
TL;DR
AQU got a notice about failing to meet listing rules - could be delisted.
AI Summary
Aquaron Acquisition Corp. filed an 8-K on August 28, 2024, to report a notice of delisting or failure to satisfy a continued listing rule. The company, incorporated in Delaware with its principal office in New York, NY, is subject to the 1934 Act and has SEC file number 001-41470.
Why It Matters
This filing indicates potential issues with Aquaron Acquisition Corp.'s compliance with stock exchange listing requirements, which could impact its trading status and 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 continued trading on an exchange.
Key Numbers
- 001-41470 — SEC File Number (Identifies the company's filings with the SEC.)
Key Players & Entities
- Aquaron Acquisition Corp. (company) — Registrant
- 001-41470 (company) — Commission File Number
- August 28, 2024 (date) — Date of Report
- 515 Madison Ave. 8th Floor New York NY 10022 (location) — Business Address
FAQ
What specific listing rule or standard has Aquaron Acquisition Corp. failed to satisfy?
The filing does not specify the exact rule or standard that Aquaron Acquisition Corp. has failed to satisfy, only that a notice has been issued.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is August 28, 2024.
Under which section of the Securities Exchange Act of 1934 is this Current Report filed?
This Current Report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
What is the state of incorporation for Aquaron Acquisition Corp.?
Aquaron Acquisition Corp. is incorporated in Delaware.
What is the SIC code associated with Aquaron Acquisition Corp.?
The Standard Industrial Classification (SIC) code is 6770, which corresponds to BLANK CHECKS.
Filing Stats: 1,166 words · 5 min read · ~4 pages · Grade level 14.6 · Accepted 2024-08-30 17:00:10
Filing Documents
- ea0212985-8k_aquaron.htm (8-K) — 37KB
- ea021298501ex99-1_aquaron.htm (EX-99.1) — 9KB
- 0001213900-24-074609.txt ( ) — 274KB
- aqu-20240828.xsd (EX-101.SCH) — 4KB
- aqu-20240828_def.xml (EX-101.DEF) — 27KB
- aqu-20240828_lab.xml (EX-101.LAB) — 37KB
- aqu-20240828_pre.xml (EX-101.PRE) — 25KB
- ea0212985-8k_aquaron_htm.xml (XML) — 7KB
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 August 28, 2024, Aquaron Acquisition Corp. (the " Company ") received a written notice (the " Letter ") from the Listing Qualifications Department of The Nasdaq Stock Market LLC (" Nasdaq ") indicating that, because the Company has not regained compliance with Listing Rule 5550(a)(3) (the " Minimum Public Holders Rule "), which requires the Company to have at least 300 public holders for continued listing on Nasdaq, trading of the Company's common stock will be suspended at the opening of business on September 4, 2024 and a Form 25-NSE will be filed with the Securities and Exchange Commission (the " SEC "), which will remove the Company's securities (including the units, common stock, and rights) from listing and registration on Nasdaq, unless the Company requests a hearing to appeal this determination by 4:00 p.m. Eastern Time on September 4, 2024. The Letter also indicates that the Company is delinquent in filing its quarterly report on Form 10-Q for the quarterly period ended June 30, 2024, which serves as an additional basis for delisting the Company's securities from The Nasdaq Capital Market in light of the Company's non-compliance with Minimum Public Holders Rule. As previously reported by the Company on a Current Report on Form 8-K filed with the SEC on March 1, 2024, Nasdaq initially notified the Company on February 28, 2024 that it was not in compliance with the Minimum Public Holders Rule. On April 15, 2024, the Company submitted a plan to regain compliance and, on May 7, 2024, the Company received a written notice from Nasdaq notifying the Company that Nasdaq had determined to grant the Company an extension until August 26, 2024 to regain compliance with the Minimum Public Holders Rule. A company that receives a delist determination for such a delinquency can request an appeal to the Nasdaq Hearings Panel (the " Panel "), which will stay
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: August 30, 2024 AQUARON ACQUISITION CORP. By: /s/ Yi Zhou Name: Yi Zhou Title: Chief Executive Officer 2