Aquaron Acquisition Corp. Announces Annual Meeting for April 30, 2024

TL;DR

Aquaron Acquisition Corp. is holding its annual meeting on April 30, 2024, to vote on extending its business combination deadline and amending its trust agreement.

AI Summary

Aquaron Acquisition Corp. (AQUNU) filed a Proxy Statement (DEF 14A) with the SEC on April 15, 2024. Aquaron Acquisition Corp. will hold its annual meeting of stockholders virtually on April 30, 2024, at 11:00 a.m. Eastern time. The meeting will consider a proposal to amend the company's charter to extend the business combination deadline. The extension allows for monthly extensions up to twelve times, from May 6, 2024, to May 6, 2025. A second proposal concerns amending the Investment Management Trust Agreement with Continental Stock Transfer & Trust Company. This amendment aims to allow the Trustee to liquidate the trust account on a specified date.

Why It Matters

For investors and stakeholders tracking Aquaron Acquisition Corp., this filing contains several important signals. Stockholders will vote on extending the deadline to complete a business combination, providing more time for the company to find a suitable target. The proposed amendment to the trust agreement could impact the liquidation of the company's trust assets if a business combination is not consummated.

Risk Assessment

Risk Level: low — Aquaron Acquisition Corp. shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting and does not contain significant new financial or operational information, indicating low immediate risk.

Analyst Insight

Stockholders should review the proposals regarding the business combination deadline extension and trust agreement amendment to make informed voting decisions.

Key Numbers

• April 30, 2024 — Annual Meeting Date (Date of the annual meeting of stockholders)
• May 6, 2024 — Current Business Combination Deadline (The date by which the company must consummate a business combination without extension)
• May 6, 2025 — Extended Business Combination Deadline (The latest possible date to consummate a business combination after extensions)
• 12 — Maximum Extensions (Number of monthly extensions allowed)

Key Players & Entities

• Aquaron Acquisition Corp. (company) — Registrant name
• April 30, 2024 (date) — Date of annual meeting
• May 6, 2024 (date) — Initial business combination deadline
• May 6, 2025 (date) — Extended business combination deadline
• Continental Stock Transfer & Trust Company (company) — Trustee for the Investment Management Trust Agreement

FAQ

Risk Factors

• Extension of Time to Consummate a Business Combination [medium — financial]: Failure to extend the deadline could lead to the liquidation of the company's trust account and return of funds to public stockholders.

Key Dates

• 2024-04-30: Annual Meeting of Stockholders — Stockholders will vote on key proposals including extension of the business combination deadline.

Glossary

Business Combination

The acquisition of a target company by the SPAC. (Crucial for the SPAC's existence; failure to complete one by the deadline can lead to liquidation.)

Extension Amendment

A proposed change to the company's charter to extend the deadline for consummating a business combination. (Allows the company more time to identify and complete a merger or acquisition.)

Investment Management Trust Agreement

The agreement governing the funds held in trust by the SPAC. (Details the terms under which the trust funds are managed and can be disbursed or liquidated.)

Key Financial Figures

• $20,000 — 25 by depositing into the trust account $20,000 for each one -month Extension (the &#x2
• $0.013 — 201d;) or its affiliate or designees is $0.013 per public share on or prior to the dat
• $0.007 — to May 6, 2025 (or approximately $0.007 per share assuming no redemptions) (eac
• $240,000 — ggregate Contributions in the amount of $240,000, or approximately $0.082 per share assu
• $0.082 — he amount of $240,000, or approximately $0.082 per share assuming no redemptions. The
• $0.0001 — 9;s outstanding common stock, par value $0.0001 per share, held by the Company’s
• $11.04 — the trust account will be approximately $11.04 at the time of the annual meeting (base
• $10.86 — al Market on April 12, 2024, was $10.86. Accordingly, if the market price were
• $0.18 m — lic stockholder receiving approximately $0.18 more per share than if such stockholder s

Filing Documents

• ea0203903-01.htm (DEF 14A) — 662KB
• tproxy_001.jpg (GRAPHIC) — 1130KB
• tproxy_002.jpg (GRAPHIC) — 1398KB
• 0001213900-24-032961.txt ( ) — 4145KB

From the Filing

DEF 14A 1 ea0203903-01.htm PROXY STATEMENT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ SCHEDULE 14A ________________ Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant   Filed by a party other than the Registrant   Check the appropriate box:   Preliminary Proxy Statement   Confidential, for Use of the Commission Only (as permitted by Rule 14a -6 (e)(2))   Definitive Proxy Statement   Definitive Additional Materials   Soliciting Material under § 240.14a -12 Aquaron Acquisition Corp. (Name of Registrant as Specified In Its Charter) _________________________________________________________________ (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply):   No fee required   Fee paid previously with preliminary materials   Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a -6 (i)(1) and 0 -11   Table of Contents AQUARON ACQUISITION CORP. 515 Madison Avenue, 8 th Floor New York, NY 10022 NOTICE OF THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON APRIL 30 , 2024 TO THE STOCKHOLDERS OF AQUARON ACQUISITION CORP.: You are cordially invited to attend the annual meeting (the “ annual meeting ”) of stockholders of Aquaron Acquisition Corp., a Delaware corporation (the “ Company ,” “ we ,” “ us ” or “ our ”) to be held on April 30, 2024 at 11:00 a.m. Eastern time. The annual meeting will be held virtually at www.cleartrustonline.com / aqu . At the annual meeting, the stockholders will consider and vote upon the following proposals: 1.        Proposal 1 — A proposal to amend (the “ Extension Amendment ”) the Company’s Amended and Restated Certificate of Incorporation (our “ charter ”) to allow the Company to extend the date by which the Company must consummate a business combination (the “ Extension ”) on a monthly basis up to twelve times from May 6, 2024 to May 6, 2025 (the later such date actually extended being referred to as the “ Extended Date ”) (the “ Extension Amendment Proposal ”). 2.        Proposal 2 — A proposal to amend (the “ Trust Amendment ”) the Investment Management Trust Agreement, dated October 3, 2022 and as amended on June 29, 2023 (the “ Trust Agreement ”), by and between the Company and Continental Stock Transfer & Trust Company (the “ Trustee ”), to allow the Company to extend the date on which the Trustee must liquidate the trust account established by the Company in connection with the initial public offering (“ IPO ”) of the Company (the “ trust account ”) if the Company has not completed its initial business combination, on a monthly basis up to twelve times from May 6, 2024 to May 6, 2025 by depositing into the trust account $20,000 for each one -month Extension (the “ Trust Amendment Proposal ”). 3.        Proposal 3 — A proposal to re -elect five directors to the Company’s board of directors until the next annual meeting of stockholders following this annual meeting or until such director’s successor is elected and qualified (the “ Director Proposal ”). 4.        Proposal 4 — A proposal to ratify the appointment by our audit committee of UHY LLP to serve as the Company’s independent registered public accounting firm for the fiscal year ended December 31, 2023 (the “ Auditor Proposal ”). 5.        Proposal 5 — A proposal to approve the adjournment of the annual meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes to approve the Extension Amendment Proposal, the Trust Amendment Proposal, the Director Proposal or the Auditor Proposal (together with the Extension Amendment Proposal, the Trust Amendment Proposal and the Director Proposal, the “ Proposals ”), or if we determine that additional time is necessary to effectuate the Extension (the “ Adjournment Proposal ”). The Adjournment Proposal will only be presented at the annual meeting if there are not sufficient vo

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View this DEF 14A filing on SEC EDGAR