8-K
filed April 30, 2024, 7:59 PM ET
CIK 0001861063
other material
confidence high
sentiment negative
materiality 0.85
Aquaron stockholders approve extension to May 2025; 2.12M shares redeemed (46.7% of outstanding)
Aquaron Acquisition Corp.
- Shareholders voted to extend business combination deadline monthly from May 6, 2024 to May 6, 2025 with $20,000 deposit per month.
- 2,124,738 shares of common stock tendered for redemption, representing ~46.7% of shares entitled to vote (4,553,150).
- Trust Amendment and Charter Amendment executed to allow up to 12 monthly extensions; $20,000 per extension deposited into trust.
- Directors Yi Zhou, Qingze Zhao, Yanyan Lin, Yang Wang, Xiaoming Ma re-elected; UHY LLP ratified as auditor for FY2023.
- Extension proposal passed with 3,349,040 for, 2 against; Trust Amendment passed unanimously (3,349,042 for).
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Aquaron Acquisition Corp.: Amendment to extend the business combination deadline from May 6, 2024 to May 6, 2025 (effective 2024-04-30).
- Change
- charter amendment
- Effective
- 2024-04-30
Exact text from the filing
Aquaron filed an amendment to its Amended and Restated Certificate of Incorporation with the Delaware Secretary of State on April 30, 2024 (the “ Charter Amendment ”), giving the Company the right to extend the Business Combination Period on a monthly basis up to twelve times from May 6, 2024 to May 6, 2025
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Aquaron Acquisition Corp. amended Trust Amendment with Continental Stock Transfer & Trust Company (effective 2023-04-30).
- Action
- amendment
- Counterparty
- Continental Stock Transfer & Trust Company
- Effective
- 2023-04-30
Exact text from the filing
As approved by its stockholders at the annual meeting of Stockholders held on April 30, 2024 (the “ Annual Meeting ”), Aquaron Acquisition Corp. (“ Aquaron ” or the “ Company ”) entered into an amendment to the Investment Management Trust Agreement, dated as of October 3, 2022 and as amended on June 29, 2023, with Continental Stock Transfer & Trust Company, on April 30, 2023 (the “ Trust Amendment ”).
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Aquaron Acquisition Corp. shareholders approved Amendment to Investment Management Trust Agreement to allow monthly trust liquidation extensions at the 2024-04-30 meeting.
- Outcome
- passed
- Meeting
- 2024-04-30
Exact text from the filing
The Trust Amendment Proposal Stockholders approved the proposal to amend the Investment Management Trust Agreement, dated October 3, 2022 and as amended on June 29, 2023, by and between the Company and Continental Stock Transfer & Trust Company, 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 of the Company 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 .
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Aquaron Acquisition Corp. shareholders approved Ratification of UHY LLP as independent registered public accounting firm for fiscal year ended December 31, 2023 at the 2024-04-30 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-04-30
Exact text from the filing
The Auditor Proposal Stockholders approved the 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 .
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Aquaron Acquisition Corp. shareholders approved Election of five directors at the 2024-04-30 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-04-30
Exact text from the filing
The Director Proposal Stockholders approved the Director Proposal, 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 .
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Aquaron Acquisition Corp. shareholders approved Amendment to Certificate of Incorporation to allow monthly extensions from May 6, 2024 to May 6, 2025 at the 2024-04-30 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2024-04-30
Exact text from the filing
The Extension Amendment Proposal Stockholders approved the Extension Amendment Proposal, a proposal to amend the Company’s Amended and Restated Certificate of Incorporation to allow the Company to extend the date by which the Company must consummate a business combination on a monthly basis up to twelve times from May 6, 2024 to May 6, 2025 .
View on SEC.gov
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