Aquaron Acquisition Corp. Files 8-K on Material Agreement
Ticker: AQUNU · Form: 8-K · Filed: Sep 5, 2024 · CIK: 1861063
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation, 8-K
TL;DR
Aquaron Acquisition Corp. just filed an 8-K for a material definitive agreement - big financial move incoming.
AI Summary
Aquaron Acquisition Corp. entered into a Material Definitive Agreement on September 4, 2024, related to a direct financial obligation. The company, incorporated in Delaware with its principal executive offices at 515 Madison Avenue, New York, NY, filed this 8-K report on September 5, 2024.
Why It Matters
This filing indicates a significant new financial commitment or obligation for Aquaron Acquisition Corp., which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — Material definitive agreements and new financial obligations can introduce significant financial risk and operational changes for a company.
Key Numbers
- 001-41470 — Commission File Number (Identifies the company's SEC filing history.)
Key Players & Entities
- Aquaron Acquisition Corp. (company) — Registrant
- September 4, 2024 (date) — Date of earliest event reported
- September 5, 2024 (date) — Filing date
- 515 Madison Avenue, New York, NY (location) — Business Address
FAQ
What specific type of Material Definitive Agreement was entered into by Aquaron Acquisition Corp.?
The filing indicates an 'Entry into a Material Definitive Agreement' and 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant,' but the specific details of the agreement are not provided in this excerpt.
What is the nature of the direct financial obligation or off-balance sheet arrangement?
The filing states the creation of such an obligation, but the exact terms and nature of this financial commitment are not detailed in the provided text.
When was the report filed with the SEC?
The report was filed on September 5, 2024.
What is Aquaron Acquisition Corp.'s primary business classification?
Aquaron Acquisition Corp. is classified under 'BLANK CHECKS [6770]' within the 'Real Estate & Construction' sector.
Where are Aquaron Acquisition Corp.'s principal executive offices located?
The company's principal executive offices are located at 515 Madison Avenue, 8th Floor, New York, NY 10022.
Filing Stats: 580 words · 2 min read · ~2 pages · Grade level 10.9 · Accepted 2024-09-05 16:03:50
Key Financial Figures
- $20,000 — te in the aggregate principal amount of $20,000 (the " Note ") to HUTURE Ltd. (" Huture
- $10.00 — s initial public offering at a price of $10.00 per unit (each unit is consisted of one
Filing Documents
- ea0213585-8k425_aquaron.htm (8-K) — 29KB
- ea021358501ex99-1_aquaron.htm (EX-99.1) — 5KB
- 0001213900-24-076093.txt ( ) — 254KB
- aqu-20240904.xsd (EX-101.SCH) — 3KB
- aqu-20240904_def.xml (EX-101.DEF) — 26KB
- aqu-20240904_lab.xml (EX-101.LAB) — 36KB
- aqu-20240904_pre.xml (EX-101.PRE) — 25KB
- ea0213585-8k425_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 September 4, 2024, Aquaron Acquisition Corp. (the " Company ") issued an unsecured promissory note in the aggregate principal amount of $20,000 (the " Note ") to HUTURE Ltd. (" Huture ") in exchange for Huture 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 September 5, 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 September 5, 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: September 5, 2024 AQUARON ACQUISITION CORP. By: /s/ Yi Zhou Name: Yi Zhou Title: Chief Executive Officer 2