Bestpath IoT to go public via a SPAC merger with Aquaron Acquisition in a $1.2bn deal.

Bestpath IoT, a hydrogen fuel cell powered vehicle company, agreed to go public via a SPAC merger with Aquaron Acquisition, a publicly traded special purpose acquisition company, in a $1.2bn deal. "We are excited to announce this important milestone for Bestpath. This transaction will enable us to accelerate our growth strategy, expand our market presence, and enhance our ability to deliver comprehensive solutions to customers in the hydrogen fuel cell powered vehicle market. With our core expertise in research and development, manufacturing, and sales of hydrogen fuel cell powered vehicles, as well as the construction of hydrogen refueling stations for the provision of hydrogen supply services, we are well positioned to capitalize on the growing demand for environmentally-friendly transportation solutions. We look forward to working closely with our new partners and investors to achieve our long-term goals," Kecheng Liu, Bestpath Founder and CEO.