HUTURE Ltd. Enters into Definitive Merger Agreement with Aquaron Acquisition Corp. (Nasdaq: AQU)

NEW YORK, July 12, 2024 /PRNewswire/ -- HUTURE Ltd. ("HUTURE" or the "Company"), an industry pioneer in the advanced use of hydrogen energy for the research and development, manufacture and sales of hydrogen-powered vehicles, and Aquaron Acquisition Corp. ("Aquaron") (Nasdaq: AQU), a publicly traded special purpose acquisition company, today announced that they have entered into a definitive merger agreement (the "Merger Agreement") that will result in HUTURE being operated under a holding entity named HUTURE Group Limited, an exempted company incorporated in Cayman Islands ("Pubco") and plans to trade on the Nasdaq Stock Market (the "Proposed Transaction"). The Proposed Transaction reflects an initial equity value of approximately $1 billion. 

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