Aquaron Acquisition Corp. Secures $16,198 Unsecured Promissory Note from HUTURE Ltd. to Extend Business Combination Timeline
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Aquaron Acquisition Corp. has secured a $16,198 unsecured promissory note from HUTURE Ltd. to extend its business combination timeline. The note, which does not accrue interest, matures upon the successful closing of a business combination. HUTURE Ltd. can convert the note into shares of Aquaron’s common stock at $10.00 per unit, which includes one share and a right to receive one-fifth of an additional share. This financing agreement aims to strengthen Aquaron's financial position as it pursues its business initiatives.
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