Aquaron Acquisition Corp.: debt financing — Aquaron Acquisition extends SPAC deadline to May 2026; $8.2M redeemed, trust drops to $1.27M

Aquaron Acquisition Corp.

Shareholders approved deadline extension up to 12 months from May 6, 2025 to May 6, 2026, with $0.15/share monthly deposit.
697,365 shares redeemed at ~$11.73/share for aggregate ~$8.18M; trust balance now ~$1.27M; shares outstanding 107,987.
Company issued $16,198 unsecured promissory note to Huture Ltd., convertible at $10/unit, due upon business combination.
First extension deposit of $16,198 made to extend deadline from May 6, 2025 to June 6, 2025.
All four stockholder proposals (extension, trust amendment, director election, auditor ratification) passed with ~98.8% of votes cast.

item 1.01 item 2.03 item 3.03 item 5.07 item 5.03 item 8.01 item 9.01

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 $16,198.05 with HUTURE Ltd. at does not bear interest maturing upon the date on which the Company consummates a business combination with Huture.

Instrument: loan
Principal: $16,198.05
Counterparty: HUTURE Ltd.
Rate: does not bear interest
Maturity: upon the date on which the Company consummates a business combination with Huture
Event: incurrence

Exact text from the filing

The Company issued, on May 6, 2025, an unsecured promissory note in the total principal amount of $16,198.05 (the “ Promissory Note ”) to HUTURE Ltd. (“ Huture ”). The Promissory Note does not bear interest and the principal thereunder becomes due and payable upon the date on which the Company consummates a business combination with Huture (the “ Business Combination ”).

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Aquaron Acquisition Corp.: Amended and Restated Certificate of Incorporation to extend the business combination deadline monthly up to twelve times from May 6, 2025 to May 6, 2026 (effective 2025-05-06).

Change: charter amendment
Effective: 2025-05-06

Exact text from the filing

Pursuant to the results of the Annual Meeting (defined below), on May 6, 2025, the Company adopted and on the same date filed its Amended and Restated Certificate of Incorporation (in the form attached as Exhibit 3.1) allowing 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, 2025 to May 6, 2026.

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Source: SEC EDGAR

accession 0001213900-25-042019

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