Huture, a hydrogen energy firm based in China, has announced its decision to go public in the US through a merger with Aquaron Acquisition Corp, a blank-check firm. This merger deal is valued at $1 billion and comes at a time when the SPAC market is facing challenges due to poor financial performance and regulatory actions by the US securities regulator. Huture, established in 2020, specializes in manufacturing hydrogen-powered vehicles and is set to be listed on the Nasdaq following the completion of the merger, anticipated later in the year. Despite the overall market conditions, Huture's move to enter the US market through a SPAC merger signals a positive development for the company. The agreement includes provisions for the current shareholders of Huture to maintain the majority stake in the combined entity, indicating a level of continuity and control for the existing ownership. The decision by Huture to pursue this merger aligns with its strategic goals of expanding its presence in the hydrogen energy sector and leveraging the opportunities presented by the public markets in the US. The declining trend in the SPAC market is evident from the actions of notable investors like William Ackman and Chamath Palihapitiya, who have opted to return funds to their shareholders due to challenges in finding suitable companies for mergers. In contrast, Huture's proactive approach to pursuing the SPAC merger reflects its confidence in the potential for growth and innovation in the hydrogen energy industry. By entering the US market and trading on a major stock exchange like Nasdaq, Huture aims to enhance its visibility, attract investment, and further its mission of promoting sustainable energy solutions through hydrogen technology.