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.
Aquaron Acquisition Corp.（纳斯达克代码：AQU，简称“公司”），一家特殊目的收购公司，今日宣布Bestpath Iot Technology Ltd.（简称“Bestpath”）已向公司信托账户（简称“信托账户”）存入总计20,000美元，以将公司完成商业合并的期限从2024年7月6日延长至2024年8月6日，增加一个月的时间。公司向Bestpath发行了一张本金金额等于存入金额的本票。该本票不计利息，并且在公司完成商业合并时可转换为公司的普通股，转换价格为每单位10.00美元（每单位包括一股普通股和五分之一（1/5）股普通股的收购权）。延期的目的是为了给公司更多时间完成商业合并。