NEWS : Approx $1B Merger
HUTURE Ltd. Enters into Definitive Merger Agreement with Aquaron Acquisition Corp. (Nasdaq: AQU)
On July 12, 2024, HUTURE announced a definitive merger agreement with Aquaron Acquisition Corp. (Nasdaq: AQU). This merger will result in HUTURE's operations being managed by HUTURE Group , a Cayman Islands-based holding entity, and is expected to trade on Nasdaq. The transaction values the combined company at an initial equity value of approximately $1 billion, with HUTURE shareholders retaining a majority stake and appointing directors to the board.
Founded in 2020, HUTURE specializes in hydrogen-powered vehicle manufacturing. The merger aims to enhance HUTURE’s market presence and growth strategy, capitalizing on the increasing demand for eco-friendly transportation. The deal is anticipated to close later this year, pending shareholder and regulatory approvals.
On July 12, 2024, HUTURE announced a definitive merger agreement with Aquaron Acquisition Corp. (Nasdaq: AQU). This merger will result in HUTURE's operations being managed by HUTURE Group , a Cayman Islands-based holding entity, and is expected to trade on Nasdaq. The transaction values the combined company at an initial equity value of approximately $1 billion, with HUTURE shareholders retaining a majority stake and appointing directors to the board.
Founded in 2020, HUTURE specializes in hydrogen-powered vehicle manufacturing. The merger aims to enhance HUTURE’s market presence and growth strategy, capitalizing on the increasing demand for eco-friendly transportation. The deal is anticipated to close later this year, pending shareholder and regulatory approvals.
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