Aquaron Acquisition Corp. announced a private placement to issue unsecured promissory note in the aggregate principal amount of $20,000 for gross proceeds of $20,000 for March 6, 2025. The transaction includes participation from returning investor, HUTURE Ltd. The Note does not bear interest and mature upon closing of a business combination by the Company.
The Note may be converted by the holder into shares of common stock of at a price of $10 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).
