M&A - Aquaron Acquisition Corp.

Form Type: 10-K

Filing Date: 2025-04-16

Corporate Action: Merger

Type: Update

Accession Number: 000121390025032295

Filing Summary: Aquaron Acquisition Corp. is a blank check company focused on completing a merger or acquisition, particularly in the new energy sector. After completing its IPO in October 2022, which raised approximately $54.98 million, the company entered into a Merger Agreement on July 12, 2024, with Huture Ltd. and its subsidiaries. This agreement involves the merger of Merger Sub 1 with Huture, followed by a merger of Aquaron with Merger Sub 2. The merger values Huture at $1.0 billion. Key provisions include a restructuring of shares and issuance of up to 10,000,000 earn-out shares based on revenue performance. Aquaron has until May 6, 2025, to finalize this business combination. The document also notes challenges with compliance to Nasdaq's listing rules, including a notice received about insufficient public holders and issues with timely filing of reports, which led to a delisting notification received on March 6, 2025. The company decided not to appeal the delisting decision and anticipates the filing of a Form 25-NSE to remove its securities from listing on Nasdaq.

Form Type: DEF 14A

Filing Date: 2025-04-14

Corporate Action: Merger

Type: New

Accession Number: 000121390025031326

Filing Summary: Aquaron Acquisition Corp. held an annual stockholders' meeting on May 2, 2025, during which key proposals were voted on, including the Extension Amendment to allow a business combination deadline extension from May 6, 2025, to May 6, 2026. This extension is necessary to finalize a merger with HUTURE Ltd. and Bestpath after the termination of a previous merger agreement due to a reorganization. The Trust Amendment was proposed to extend the timeline for liquidating the trust account associated with the IPO. The meeting also addressed the reelection of directors and the appointment of an independent accounting firm. The board recommended voting 'FOR' all proposals to facilitate the merger and extend the timelines as necessary. Stockholders who vote may redeem their shares at the estimated price of $11.62 based on the trust account balance at that time. Failure to approve the proposals may lead to winding down the company after redeeming public shares.

Form Type: PRER14A

Filing Date: 2025-04-10

Corporate Action: Merger

Type: New

Accession Number: 000121390025030647

Filing Summary: Aquaron Acquisition Corp. is holding its annual meeting of stockholders on May 2, 2025. At this meeting, stockholders will consider several proposals including an extension amendment to postpone the deadline for a business combination from May 6, 2025, to May 6, 2026, and a trust amendment to allow a similar extension for the liquidation of the trust account. The proposals arise from a previous merger agreement with Bestpath that was terminated due to reorganizations. Aquaron has since entered into a new merger agreement with HUTURE Ltd. to facilitate this business combination, but additional time is required to obtain stockholder approval. The board recommends a vote in favor of all proposals to ensure completion of the merger process. If proposals fail, the company plans to wind up operations and redeem public shares.

Form Type: PRE 14A

Filing Date: 2025-04-04

Corporate Action: Merger

Type: New

Accession Number: 000121390025028987

Filing Summary: Aquaron Acquisition Corp. is holding its annual stockholders meeting on May 2, 2025, where stockholders will vote on several proposals. Among these, the Extension Amendment aims to extend the deadline for completing a business combination from May 6, 2025, to May 6, 2026, while the Trust Amendment proposes to allow extensions for trust account liquidation also up to twelve months under specified conditions. Furthermore, the meeting will also address the re-election of board members, the ratification of UHY LLP as the independent accounting firm, and an Adjournment Proposal in case of insufficient votes. Notably, Aquaron has been engaged in a merger agreement with HUTURE Ltd. and Bestpath that may impact the business combination deadline. Approval of these proposals will enable Aquaron to adequately prepare for the merger and provide stockholders with an opportunity for further investment.