Aquaron Acquisition Corp.: Nasdaq/NYSE listing notice — Aquaron receives Nasdaq delisting notice for failure to meet public holders rule

Aquaron Acquisition Corp.

On March 6, 2025, Nasdaq notified Aquaron of delisting due to non-compliance with Minimum Public Holders Rule; trading suspended March 7.
Company issued $20,000 promissory note to HUTURE Ltd. to extend time for business combination; convertible at $10/unit.
Company has 15 days to request review by Nasdaq Listing Council; if not, Form 25-NSE will remove securities from listing.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Aquaron Acquisition Corp. incurred loan of $20,000 with HUTURE Ltd. maturing mature upon closing of a business combination by the Company.

Instrument: loan
Principal: $20,000
Counterparty: HUTURE Ltd.
Maturity: mature upon closing of a business combination by the Company
Event: incurrence

Exact text from the filing

On March 6, 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. The Note does not bear interest and mature upon closing of a business combination by the Company.

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Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Aquaron Acquisition Corp. received a nasdaq delisting notice notice regarding shareholders (rules 5550(a)(3), 5505).

Exchange: nasdaq
Notice: delisting notice
Deficiency: shareholders
Rules: 5550(a)(3), 5505

Exact text from the filing

March 6, 2025, the Company received a determination letter (the “ Delisting Notification ”) from the Nasdaq stating that the Panel has determined to delist the Company’s common stock, par value $0.0001 per share (the “ Common Stock ”) from the Nasdaq Capital Market, and Nasdaq will accordingly suspend trading in the Company’s Common Stock, effective at the opening of trading on March 7, 2025, because the Company has not demonstrated compliance with the Rule. Pursuant to the Delisting Notification, the Company has a period of 15 days from the date of the Delisting Notification to submit a writt

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Source: SEC EDGAR

accession 0001213900-25-021946

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