Aquaron Acquisition Corp 2025年季度报告

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.Large accelerated filer☐Accelerated filer☐ Emerging growth company☒If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☒No☐ TABLE OF CONTENTS Item 1.Financial StatementsUnaudited Condensed Balance Sheets as of March 31, 2025 and December 31, 2024 Unaudited Condensed Statements of Changes in Stockholder’s Deficit for the Three Months Ended March 31,2025 and 2024 Proceeds from promissory note- related partyProceeds from promissory note-Huture Net cash provided by financing activities Net change in cash(7,540)Cash, beginning of the period7,830Cash, end of the period$290$ Supplemental Disclosure of Non-cash Financing ActivitiesAccretion of common stock to redemption value$139,281$Excise tax payable charged against accumulated deficit The accompanying notes are an integral part of these unaudited condensed financial statements.4 Note1—Description of Organization and Business Operations March11, 2021. The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase,reorganization or similar business combination with one or more businesses or entities (the “Business Combination”).Although the Company is not limited to a particular industry or sector for purposes of consummating a Business Combination, theCompany intends to focus on operating business in the new energy sector. The Company is an early stage and emerging growthcompany and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies. allotments, if any. On October 14, 2022, the underwriters partially exercised the over-allotment option to purchase417,180Units(“Over-Allotment Option Units”) at $10.00 per Unit generating total gross proceeds of $4,171,800. On October 14, 2022,simultaneously with the sale of the Over-Allotment Option Units, the Company consummated the Private Placement of an additional12,515Private Units generating gross proceeds of $125,154.A total of $54,984,377of the net proceeds from the sale of the Units in the IPO (including the Over-Allotment Option Units) and the complete a Business Combination within the applicable period of time. The proceeds deposited in the Trust Account could becomesubject to the claims of the Company’s creditors, if any, which could have priority over the claims of the Company’s publicstockholders. In addition, interest income earned on the funds in the Trust Account may be released to the Company to pay its incomeor other tax obligations. With these exceptions, expenses incurred by the Company may be paid prior to a business combination onlyfrom the net proceeds of the IPO and private placement not held in the Trust Account. test, at the time of the execution of a definitive agreement for its initial Business Combination, although the Company may structure aBusiness Combination with one or more target businesses whose fair market value significantly exceeds80% of the trust account under the Investment Company Act.The Company will provide its holders of the outstanding Public Shares (the “Public Stockholders”) with the opportunity to redeem allor a portion of their Public Shares upon the completion of a Business Combination either (i) in connection with a stockholder meetingcalled to approve the Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek consummation of a Business Combination and, if the Company seeks stockholder approval, a majority of the shares voted are voted infavor of the Business Combination. Additionally, each public stockholder may elect to redeem their Public Shares irrespective ofwhether they vote for or against the proposed transaction. If the Company seeks stockholder approval in connection with a BusinessCombination, the Company’s Sponsor and any of the Company’s officers or directors that may hold Insider Shares (as defined in Note5) (the “Initial Stockholders”) and Chardan have agreed (a) to vote their Insider Shares, Private Shares (as defined in Note 4) and anyPublic Shares purchased during or after the IPO in favor of approving a Business Combination and (b) not to convert any shares Shares and Public Shares held by them in connection with the completion of a Business Combination and (b) not to propose, or vote infavor of, an amendment to the Amended and Restated Certificate of Incorporation that would affect the substance or timing of theCompany’s obligation to redeem100% of its Publi