YHN Acquisition I Limited Right
YHNAR
NASDAQ Global Market0.11
USD
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YHN Acquisition I Limited Right
YHNAR
(NASDAQ Global Market)
Recent
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0.11
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yld
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ROIC.AI
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- Business
- YHN Acquisition I Limited (YHNAR) is a blank check company, or special purpose acquisition company (SPAC), incorporated in the British Virgin Islands and headquartered at 2/F, Hang Seng Building, 200 Hennessy Road, Wanchai, Hong Kong; the company was founded on December 18, 2023, and focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses; it offers no current products or services beyond its SPAC structure, including ordinary shares (YHNA), units, and rights (YHNAR) that entitle holders to one-tenth of one ordinary share upon completion of an initial business combination. The company completed its initial public offering on September 19, 2024, raising $60 million through 6 million units priced at $10 each, plus $2.5 million from a private placement to sponsor YHN Partners I Limited; as of November 2025, it holds approximately $63.3 million in its trust account and has until December 19, 2025, to complete a business combination or face liquidation. On April 3, 2025, YHN Acquisition I Limited entered into a business combination agreement with Mingde Technology Limited, a Cayman Islands exempted company operating online sports platforms and providing technological solutions for health product stores through subsidiaries including a Hong Kong entity, a mainland China wholly foreign-owned enterprise, and a variable interest entity (Zhejiang Xiaojianren Internet Technology Co., Ltd.), valuing the transaction at $396 million with Mingde shareholders receiving 39.6 million post-combination shares at $10 per share; to facilitate closing, the company is seeking shareholder approval at a December 8, 2025, annual meeting to amend its charter and trust agreement, extending the business combination deadline up to three additional three-month periods to September 19, 2026, funded by $150,000 sponsor contributions per extension. The SPAC operates without industry or geographic restrictions on targets, supported by a management team led by CEO Poon Man Ka, Christy, and backed by sponsor YHN Partners I Limited, which holds 20.97% of ordinary shares as of November 2025.