---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-009799"
form_type: "8-K"
ticker: null
cik: "0001861063"
company_name: "Aquaron Acquisition Corp."
filed_at: "2024-02-05T23:59:59+00:00"
generated_at: "2026-06-06T09:22:29.780552+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Aquaron Acquisition Corp. issues $70K promissory note to extend business combination deadline to March 6, 2024

## Summary
- Issued $70,000 unsecured promissory note to Bestpath IoT Technology Ltd. on Feb 2, 2024.
- Note non-interest bearing, convertible into common stock at $10 per unit at deal close.
- Extension moves deadline from Feb 6, 2024 to March 6, 2024 for completing business combination.
- Purpose: provide additional time to consummate a business combination.

## SEC filing metadata
- accession: 0001213900-24-009799
- form_type: 8-K
- cik: 0001861063
- company_name: Aquaron Acquisition Corp.
- filed_at: 2024-02-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1861063/000121390024009799/0001213900-24-009799-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1861063/000121390024009799/ea192785-8k425_aquaron.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-009799
- JSON: https://secwatch.observer/filing/0001213900-24-009799.json
- Plain text: https://secwatch.observer/filing/0001213900-24-009799.txt

## Key facts
- Debt Financings
  Aquaron Acquisition Corp. incurred loan of $70,000 with Bestpath IoT Technology Ltd. at does not bear interest maturing upon closing of a business combination.
  - Instrument: loan
  - Principal: $70,000
  - Counterparty: Bestpath IoT Technology Ltd.
  - Rate: does not bear interest
  - Maturity: upon closing of a business combination
  - Event: incurrence
  source text: On February 2, 2024, Aquaron Acquisition Corp. (the " Company ") issued an unsecured promissory note in the aggregate principal amount of $70,000 (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).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1861063/000121390024009799/0001213900-24-009799-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.