Aquaron Acquisition Corp. 8-K

What Happened Aquaron Acquisition Corp. announced (filed 8‑K on April 7, 2026) that on April 6, 2026 it entered into a promissory note with HUTURE Ltd. The unsecured Note is for $16,198.05, was deposited into the Company’s trust account to extend the time available to complete a business combination, does not bear interest, and matures upon the closing of a business combination. The holder may convert the Note into the Company’s common stock on the same terms as the securities issued in the Company’s initial public offering at a conversion price of $10.00 per unit (each unit consisted of one share of common stock and one right to receive one-fifth of a share).

Key Details

• Issuer: Aquaron Acquisition Corp.; Counterparty: HUTURE Ltd.
• Principal amount: $16,198.05; unsecured and non‑interest bearing.
• Purpose: HUTURE deposited the amount into the Company’s trust account to extend the Company’s time to complete a business combination.
• Conversion: Note may be converted into the Company’s common stock on IPO terms at $10.00 per unit (unit = one share + right to receive 1/5 of a share); Note matures on closing of a business combination.

Why It Matters This is short‑term financing aimed at extending the SPAC’s deadline to complete a business combination by increasing the trust account balance. For investors, the Note creates a direct financial obligation that could convert into equity on IPO terms, which may result in additional dilution if conversion occurs. The Note is unsecured, non‑interest bearing, and tied to the timing of a future transaction rather than a fixed repayment date.