Aquaron Acquisition Corp. announced a private placement to issue unsecured promissory note at aggregate principal amount of $20,000 for gross proceeds of $20,000 November 5, 2024. The Note does not bear interest and mature upon closing of a business combination by the Company.
In addition, the Note may be converted by the holder into shares of common stock of the Company identical to the common stock issued in the Company?s initial public offering at a price of $10.00 per unit. The transaction includes participation from returning investor, HUTURE Ltd.
