Aquaron Acquisition Corp.: debt financing — Aquaron receives $20k loan from HUTURE to extend business combination deadline by one month

Aquaron Acquisition Corp.

HUTURE deposited $20,000 into Aquaron's trust account to extend the deadline to complete a business combination from February 6 to March 6, 2025.
Aquaron issued an unsecured, non-interest-bearing promissory note to HUTURE for the $20,000 principal amount.
The note is convertible into Aquaron common stock at $10 per unit (one share and one right for 1/5 share).
The extension provides additional time for Aquaron to consummate a business combination.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

Aquaron Acquisition Corp. incurred loan of $20,000 with HUTURE Ltd. at does not bear interest maturing upon closing of a business combination.

Instrument: loan
Principal: $20,000
Counterparty: HUTURE Ltd.
Rate: does not bear interest
Maturity: upon closing of a business combination
Event: incurrence

Exact text from the filing

On February 5, 2025, 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.

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Source: SEC EDGAR

accession 0001213900-25-011298

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