Aquaron Acquisition Corp. Secures Extension for Business Merger With $20K Deposit
Aquaron Acquisition Corp. Secures Extension for Business Merger With $20K Deposit
Aquaron Acquisition Corp. (NASDAQ:AQU, the " , , Company" , ))))), a special purpose acquisition company, announced today that Bestpath IoT Technology Ltd. ("Bestpath") has deposited into the Company's trust account (the "Trust Account") an aggregate of $20,000, in order to extend the period of time the Company has to complete a business combination for one additional month, from July 6, 2024 to August 6, 2024. The Company issued a promissory note to Bestpath with a principal amount equal to the amount deposited. The promissory note bears no interest and is convertible into the Company's shares of common stock at a price of $10.00 per unit (each unit is consisted of one share of common stock and one right to receive one-fifth (1/5) of a share of common stock) at the closing of a business combination by the Company. The purpose of the extension is to provide more time for the Company to complete a business combination.
特殊目的收購公司Aquaron Acquisition Corp.（NASDAQ: AQU，以下簡稱“公司”）今日宣佈，Bestpath Iot Technology Ltd. （“Bestpath”）已向公司的託管帳戶（“Trust Account”）中存入共計$20,000，以延長公司完成業務組合的期限一個月，即從2024年7月6日延長至2024年8月6日。該公司向Bestpath發行了一張本金金額等於存入金額的票據。該票據不計利息，可在公司完成業務組合後以每股$10.00的價格轉換爲公司的普通股份（每份由一股普通股和一個權利組成，有權收到五分之一（1/5）普通股的權利）。延期的目的是爲了給公司更多的時間來完成業務組合。