Aquaron Acquisition Prices IPO Of 5 Mln Units At $10.00/unit

Aquaron Acquisition Corp. (AQUNU) said that it has priced its initial public offering of 5 million units at $10.00 per unit.

The units will be listed on The NASDAQ Capital Market and trade under the ticker symbol "AQUNU" beginning August 10, 2022. Each unit consists of one share of common stock and one right to receive one-fifth of a share of common stock upon the consummation of an initial business combination. Once the securities comprising the units begin separate trading, the common stock and rights will be listed on NASDAQ under the symbols "AQU" and "AQUNR," respectively.

Chardan is acting as the sole book-running manager of the offering. Aquaron has granted the underwriter a 45-day option to purchase up to an additional 750,000 units at the initial offering price to cover over-allotments, if any.

The offering is expected to close on October 6, 2022.

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