YHN Acquisition I Limited
YHNA
NASDAQ Global Market10.83
USD
-0.03
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YHN Acquisition I Limited
YHNA
(NASDAQ Global Market)
Recent
price
10.83
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- YHN Acquisition I Limited is a blank check company, or special purpose acquisition company (SPAC), incorporated in the British Virgin Islands whose sole business is to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The company does not have significant current operations and generates no revenue other than interest income from its trust account holding proceeds from its initial public offering; it focuses exclusively on identifying and completing a de-SPAC transaction with high-potential targets across various industries and geographies without current limitations on sector or location. Founded on December 18, 2023, and headquartered at 200 Hennessy Road, 2/F, Hang Seng Building, Wan Chai, Hong Kong, the company completed its US$60 million IPO on September 18, 2024, at US$10.00 per unit on Nasdaq under the ticker YHNA, raising funds now held in trust for a potential business combination. The company is led by CEO Man Ka Poon (also known as Christy Poon), with Yangyujia An serving as CFO and director, both bringing experience from prior SPAC activities through affiliations like Norwich Capital. In a significant recent development, YHN Acquisition I Limited entered into an amended and restated business combination agreement valued at US$326 million with Mingde Technology Limited and Zhejiang Xiaojianren Internet on terms announced in 2025, including up to US$70 million in earnout consideration now tied to post-closing share price performance rather than revenue milestones; Amendment No. 1 to this agreement was executed on November 7, 2025, reiterating the structure with 32.6 million newly issued shares at US$10.00 per share. This pending merger, structured as a two-step reincorporation and acquisition process, positions the combined entity for public trading on Nasdaq and represents the company's primary strategic progress amid ongoing SEC filings including 10-Q reports for Q1 and Q2 2025 and leadership changes such as the July 2025 resignation of former CEO Satoshi Tominaga.
JPMorgan Chase & Co. Makes New $3.60 Million Investment in YHN Acquisition I Limited $YHNA