Hudson Bay Capital Exits Aquaron Acquisition Corp. Stake

TL;DR

**Hudson Bay Capital Management LP sold all its Aquaron Acquisition Corp. shares.**

AI Summary

Hudson Bay Capital Management LP, a Delaware-based investment firm, filed an amended SC 13G/A on February 2, 2024, indicating a significant change in its beneficial ownership of Aquaron Acquisition Corp.'s Common Stock, par value $0.0001 per share. As of December 31, 2023, Hudson Bay Capital Management LP reported owning 0 shares with both sole and shared voting and dispositive power. This update signals that Hudson Bay Capital Management LP no longer holds a reportable stake in Aquaron Acquisition Corp., which could be a neutral to slightly negative signal for current or prospective investors as a major institutional holder has exited its position.

Why It Matters

This filing shows that a significant institutional investor, Hudson Bay Capital Management LP, has completely divested its position in Aquaron Acquisition Corp., which could reduce institutional support for the stock.

Risk Assessment

Risk Level: low — The filing indicates a complete exit by an institutional investor, which is a clear, low-risk event in terms of ambiguity, though it might have implications for the stock.

Analyst Insight

An investor should note the complete divestment by Hudson Bay Capital Management LP and consider if other institutional investors are also reducing their positions, which could signal a lack of confidence or a shift in strategy regarding Aquaron Acquisition Corp.

Key Numbers

• 0 — Sole Voting Power (Number of shares Hudson Bay Capital Management LP has sole voting power over as of December 31, 2023.)
• 0 — Shared Voting Power (Number of shares Hudson Bay Capital Management LP has shared voting power over as of December 31, 2023.)
• 0 — Sole Dispositive Power (Number of shares Hudson Bay Capital Management LP has sole dispositive power over as of December 31, 2023.)
• 0 — Shared Dispositive Power (Number of shares Hudson Bay Capital Management LP has shared dispositive power over as of December 31, 2023.)
• $0.0001 — Par Value per Share (The par value of Aquaron Acquisition Corp.'s Common Stock.)

Key Players & Entities

• Hudson Bay Capital Management LP (company) — the reporting person that filed the SC 13G/A
• Aquaron Acquisition Corp. (company) — the subject company whose securities are being reported
• State of Delaware (company) — place of organization for Hudson Bay Capital Management LP
• December 31, 2023 (date) — the date of the event requiring the filing
• February 2, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• Aquaron Acquisition Corp. may experience a slight decrease in institutional investor interest following Hudson Bay Capital Management LP's exit. (Aquaron Acquisition Corp.) — medium confidence, target: Q1 2024

FAQ

Key Financial Figures

• $0.0001 — me of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securitie

Filing Documents

• aqu13ga.htm (SC 13G/A) — 52KB
• image_015.gif (GRAPHIC) — 0KB
• 0001393825-24-000015.txt ( ) — 54KB

(a)

Item 1(a). NAME OF ISSUER: The name of the issuer is Aquaron Acquisition Corp., a Delaware corporation (the " Company ").

(b)

Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: The Company's principal executive offices are located at 515 Madison Avenue. 8th Floor, New York, NY 10022.

(a)

Item 2(a). NAME OF PERSON FILING: This statement is filed by Hudson Bay Capital Management LP (the " Investment Manager ") and Mr. Sander Gerber (" Mr. Gerber "), who are collectively referred to herein as " Reporting Persons ."

(b)

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the business office of each of the Reporting Persons is 28 Havemeyer Place, 2nd Floor, Greenwich, Connecticut 06830.

(c)

Item 2(c). CITIZENSHIP: The Investment Manager is a Delaware limited partnership. Mr. Gerber is a United States citizen.

(d)

Item 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, par value $0.0001 per share (the " Common Stock ").

(e)

Item 2(e). CUSIP NUMBER: 03842W105 Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) ¨ Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) ¨ Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) ¨ Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) ¨ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) ý Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) ¨ Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) ý Parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) ¨ Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) ¨ Non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); (k) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. The information required by Items 4(a) – (c) is set forth in Rows (5) – (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. The Investment Manager serves as the investment manager to HB Strategies LLC, in whose name the securities reported herein were held. As such, the Investment Manager may have been deemed to be the beneficial owner of all shares of Common Stock held by HB Strategies LLC. Mr. Gerber serves as the managing member of Hudson Bay Capital GP LLC, which is the general partner of the Investment Manager. Mr. Gerber disclaims

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of its or his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. DATE: February 2, 2024 HUDSON BAY CAPITAL MANAGEMENT LP By: /s/ Sander Gerber Name:Sander Gerber Title:Authorized Signatory /s/ Sander Gerber SANDER GERBER

View Full Filing

View this SC 13G/A filing on SEC EDGAR