Aquaron Acquisition receives delisting letter from Nasdaq

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Aquaron Acquisition Corp ( NASDAQ: AQU ) said on Friday it has received a letter from Nasdaq notifying that trading of the company's common stock will be suspended at the opening of business on September 4 as it has not regained compliance with the listing rule which requires the company to have at least 300 public holders. Nasdaq’s letter also indicates that the company is delinquent in filing its quarterly report which serves as an additional basis for delisting. The company intends to request an appeal and a stay of the suspension.

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