Aquaron Acquisition’s Strategic Merger and Equity Reorganization

Aquaron Acquisition Corp. (AQU) just unveiled an update.

Aquaron Acquisition Corp. has terminated its previous merger agreement with Bestpath due to a reorganization and entered into a new merger with HUTURE Ltd. and its subsidiaries. This merger values the equity of HUTURE at $1.0 billion pre-closure and involves a series of transactions that will result in shareholders receiving new shares and the establishment of an equity incentive pool. This strategic move aims to consolidate business interests and capitalize on future growth, subject to the achievement of certain revenue milestones in the upcoming fiscal years. The deal is subject to customary closing conditions and approvals.

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