AQUARON ACQUISITION CORP | 10-Q: FY2025 Q3 Revenue: USD 0

Revenue: As of FY2025 Q3, the actual value is USD 0.

EPS: As of FY2025 Q3, the actual value is USD -0.08.

EBIT: As of FY2025 Q3, the actual value is USD -107.89 K.

Segment Revenue and Operational Metrics

• General and Administrative Expenses: For the three months ended September 30, 2025, expenses were $93,145, compared to $345,648 for the same period in 2024. For the nine months ended September 30, 2025, expenses were $749,366, compared to $545,126 in 2024.
• Franchise Tax Expenses: For the three months ended September 30, 2025, expenses were $900, compared to $5,800 in 2024. For the nine months ended September 30, 2025, expenses were $7,700, compared to $22,300 in 2024.
• Net Loss: For the three months ended September 30, 2025, the net loss was $81,473, compared to $257,656 in 2024. For the nine months ended September 30, 2025, the net loss was $621,695, compared to $103,471 in 2024.

Cash Flow

• Net Cash Used in Operating Activities: For the nine months ended September 30, 2025, net cash used was - $35,102, compared to - $866,759 in 2024.
• Net Cash Provided by Investing Activities: For the nine months ended September 30, 2025, net cash provided was $8,046,384, compared to $23,640,031 in 2024.
• Net Cash Used in Financing Activities: For the nine months ended September 30, 2025, net cash used was - $8,015,795, compared to - $22,663,961 in 2024.

Unique Metrics

• Interest Earned on Investments Held in Trust Account: For the three months ended September 30, 2025, interest earned was $13,846, compared to $116,923 in 2024. For the nine months ended September 30, 2025, interest earned was $158,869, compared to $752,116 in 2024.
• Unrealized Gain on Investments Held in Trust Account: For the nine months ended September 30, 2025, the unrealized gain was $4,452, compared to $37,433 in 2024.

Future Outlook and Strategy

• Core Business Focus: The company is focused on completing a business combination by January 6, 2026, and is considering additional financing options to ensure sufficient funds are available for this purpose.
• Non-Core Business: The company has entered into a merger agreement with Huture Ltd., with the aim of completing the merger and becoming a wholly-owned subsidiary of PubCo.
• Priority: The company is prioritizing the completion of the business combination and addressing the liquidity condition and delisting from Nasdaq, which raise substantial doubt about its ability to continue as a going concern.