NEW
YORK, July 8, 2024 /PRNewswire/ -- Aquaron
Acquisition Corp. (NASDAQ: AQU, the "Company"), a special
purpose acquisition company, announced today that Bestpath IoT
Technology Ltd. ("Bestpath") has deposited into the
Company's trust account (the "Trust Account") an aggregate
of $20,000, in order to extend the
period of time the Company has to complete a business combination
for one additional month, from July 6,
2024 to August 6, 2024. The
Company issued a promissory note to Bestpath with a principal
amount equal to the amount deposited. The promissory note bears no
interest and is convertible into the Company's shares of common
stock at a price of $10.00 per unit
(each unit is consisted of one share of common stock and one right
to receive one-fifth (1/5) of a share of common stock) at the
closing of a business combination by the Company. The purpose of
the extension is to provide more time for the Company to complete a
business combination.
About Aquaron Acquisition Corp.
Aquaron Acquisition Corp. is a Delaware corporation incorporated as a blank
check company for the purpose of entering into a merger, share
exchange, asset acquisition, share purchase, recapitalization,
reorganization or similar business combination with one or more
businesses or entities. The Company's efforts to identify a
prospective target business will not be limited to a particular
industry or geographic region, although it intends to focus on
operating businesses in the new energy sector. The Company
affirmatively excludes as an initial business combination target
any company of which financial statements are audited by an
accounting firm that the United States Public Company Accounting
Oversight Board is unable to inspect for two consecutive years
beginning in 2021 and any target company with China operations consolidated through a VIE
structure.
Forward-Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward looking statements are
statements that are not historical facts. Such forward-looking
statements, including the successful consummation of the Company's
initial public offering, are subject to risks and uncertainties,
which could cause actual results to differ from the forward looking
statements. The Company expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based.
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SOURCE Aquaron Acquisition Corp.