---
title: "AQUARON ACQUISITION CORP | 10-Q: FY2025 Q3 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/270066444.md"
datetime: "2025-12-17T21:48:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/270066444.md)
  - [en](https://longbridge.com/en/news/270066444.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/270066444.md)
---

# 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.

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- [AQUNR.US](https://longbridge.com/en/quote/AQUNR.US.md)

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