Aquaron Acquisition registered to offer 5 million units, each priced at $10 and consisting of one share, a warrant and one right to receive one-tenth of a share.
Aquaron is broadly focused on companies in the new energy sector. The SPAC in the filing said it will exclude as an initial business combination target any company of which financial statements are audited by an accounting firm that the United States Public Company Accounting Oversight Board is unable to inspect for two consecutive years beginning in 2021 and any target with China operations consolidated through a VIE structure.
Chairman, Presisdent and CEO Jie Weng is the director of private equity and real assets investing at PICC Capital Equity Investment Company Ltd., where he leads investments in private equity and real assets including real estate, infrastructure, logistics, cold chain storage and clean energy sectors.
Chardan is sole book-running manager of the offering.
The SPAC has applied for a Nasdaq listing under the symbol AQUNU. Read more.
