YHNA on Nasdaq
YHN Acquisition I Ltd
YHN Acquisition I Ltd is a blank check company in the British Virgin Islands, listed on Nasdaq (YHNA).1
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Last updated Oct 21, 2026.
Overview
- TickerYHNA on Nasdaq1
- IndustryBlank Checks1
- HeadquartersD81
- Incorporated inVirgin Islands, British2
- Business address8 Queen'S Road East, Wanchai2
- Filer category, Emerging growth company2
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Combination Agreement”), which provides for a business combination between YHN and Mingde (the “Business Combination”).3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Formation and operating costs | -$1.1M | -$286.6K |
| Dividend income | $2.5M | $789.1K |
| Interest income | $29 | $211 |
| Total other income | $2.5M | $789.3K |
| NET INCOME | $1.3M | $502.6K |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $140.6K | $669.2K | $0 |
| Prepayments | $12.9K | $50.5K | |
| Total current assets | $153.5K | $719.7K | |
| Cash and marketable securities held in trust | $27.1M | $61.1M | |
| TOTAL ASSETS | $27.2M | $61.8M | |
| Accrued expenses | $55.6K | $65.0K | |
| Amount due to sponsor | $790.0K | $60.1K | |
| Total Current Liabilities | $845.7K | $125.1K | |
| Deferred underwriting compensation | $1.5M | $1.5M | |
| TOTAL LIABILITIES | $2.3M | $1.6M | |
| Ordinary shares subject to possible redemption, 2,535,821 and 6,000,000 shares, respectively (at redemption price of $10.67 and $10.18 per share, respectively) | $27.1M | $61.1M | |
| Ordinary shares, no par value; 500,000,000 shares authorized; 1,750,000 and 1,750,000 shares issued and outstanding (excluding 2,535,821 and 6,000,000 shares, subject to possible redemption), respectively | $0 | $0 | |
| Accumulated deficit | -$2.2M | -$905.3K | |
| Total Shareholders Deficit | -$2.2M | -$905.3K | -$3.7K |
| TOTAL LIABILITIES AND SHAREHOLDERS DEFICIT | $27.2M | $61.8M | |
| Ordinary shares subject to possible redemption | 2.5M shares | 6.0M shares | |
| Ordinary shares redemption price per share | $10.67 | $10.18 | |
| Common stock, no par value | $0 | $0 | |
| Common stock, shares authorized | 500.0M shares | 500.0M shares | |
| Common stock, shares issued | 1.8M shares | 1.8M shares | |
| Common stock, shares outstanding | 1.8M shares | 1.8M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $140.6K | $669.2K | $0 |
| Prepayments | $12.9K | $50.5K | |
| Total current assets | $153.5K | $719.7K | |
| Cash and marketable securities held in trust | $27.1M | $61.1M | |
| TOTAL ASSETS | $27.2M | $61.8M | |
| Accrued expenses | $55.6K | $65.0K | |
| Amount due to sponsor | $790.0K | $60.1K | |
| Total Current Liabilities | $845.7K | $125.1K | |
| Deferred underwriting compensation | $1.5M | $1.5M | |
| TOTAL LIABILITIES | $2.3M | $1.6M | |
| Ordinary shares subject to possible redemption, 2,535,821 and 6,000,000 shares, respectively (at redemption price of $10.67 and $10.18 per share, respectively) | $27.1M | $61.1M | |
| Ordinary shares, no par value; 500,000,000 shares authorized; 1,750,000 and 1,750,000 shares issued and outstanding (excluding 2,535,821 and 6,000,000 shares, subject to possible redemption), respectively | $0 | $0 | |
| Accumulated deficit | -$2.2M | -$905.3K | |
| Total Shareholders Deficit | -$2.2M | -$905.3K | -$3.7K |
| TOTAL LIABILITIES AND SHAREHOLDERS DEFICIT | $27.2M | $61.8M | |
| Ordinary shares subject to possible redemption | 2.5M shares | 6.0M shares | |
| Ordinary shares redemption price per share | $10.67 | $10.18 | |
| Common stock, no par value | $0 | $0 | |
| Common stock, shares authorized | 500.0M shares | 500.0M shares | |
| Common stock, shares issued | 1.8M shares | 1.8M shares | |
| Common stock, shares outstanding | 1.8M shares | 1.8M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | $1.3M | $502.6K |
| Dividend income earned in cash and investments held in trust account | -$2.5M | -$789.1K |
| Prepayments | $37.6K | -$50.5K |
| Accrued expenses | -$9.4K | $61.3K |
| Net cash used in operating activities | -$1.1M | -$275.6K |
| Cash withdrawn from Trust Account in connection to redemption | $36.7M | $0 |
| Proceeds deposited in Trust Account | -$150.0K | -$60.3M |
| Net cash provided by (used in) investing activities | $36.5M | -$60.3M |
| Proceeds from public offering, net of offering costs | $0 | $58.7M |
| Proceeds from private placement | $0 | $2.5M |
| Capital contribution paid | $0 | $25.0K |
| Proceeds from promissory note - related party | $0 | $173.0K |
| Repayment to related party under promissory note | $0 | -$173.0K |
| Redemption of ordinary shares | -$36.7M | $0 |
| Advance from sponsor | $730.0K | $60.1K |
| Net cash (used in) provided by financing activities | -$35.9M | $61.2M |
| NET CHANGE IN CASH | -$528.7K | $669.2K |
| Deferred offering costs paid by related party | $0 | $108.7K |
| Initial classification of ordinary shares subject to possible redemption | $0 | $56.2M |
| Allocation of offering costs to ordinary shares subject to possible redemption | $0 | $2.7M |
| Accretion of carrying value to redemption value | $0 | $6.7M |
| Subsequent remeasurement of ordinary shares subject to possible redemption | $2.6M | $789.1K |
| Accrued underwriting compensation | $0 | $1.5M |
No quarter-by-quarter statement was filed.
Corporate structure
YHN Acquisition I Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of YHN Acquisition I Ltd
- RIVERNORTH CAPITAL MANAGEMENT, LLC Filed SCHEDULE 13G/A on YHN Acquisition I Ltd, latest Oct 8, 2026 (5 filings since Nov 14, 2024)
- Karpus Management, Inc. Filed SCHEDULE 13G/A on YHN Acquisition I Ltd, latest Sep 4, 2026 (3 filings since Jan 7, 2025)
- Westchester Capital Management, LLC Filed SCHEDULE 13G/A on YHN Acquisition I Ltd, latest Feb 13, 2026 (2 filings since May 14, 2025)
- Mizuho Financial Group Filed SCHEDULE 13G/A on YHN Acquisition I Ltd, latest Feb 12, 2026 (4 filings since Feb 13, 2025)
- W. R. Berkley Filed SCHEDULE 13G/A on YHN Acquisition I Ltd, latest Feb 11, 2026 (3 filings since Apr 8, 2025)
- Feis Equities LLC Filed SCHEDULE 13G/A on YHN Acquisition I Ltd, latest Feb 2, 2026 (2 filings since Nov 12, 2025)
- Barclays Filed SCHEDULE 13G/A on YHN Acquisition I Ltd, latest Mar 21, 2025 (2 filings since Feb 7, 2025)
- Harraden Circle Investments, LLC Filed SCHEDULE 13G/A on YHN Acquisition I Ltd, latest Feb 14, 2025 (2 filings since Sep 24, 2024)
- METEORA CAPITAL, LLC Filed SCHEDULE 13G/A on YHN Acquisition I Ltd, latest Feb 14, 2025 (2 filings since Nov 14, 2024)
- AQR CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G/A on YHN Acquisition I Ltd, latest Feb 13, 2025 (2 filings since Nov 14, 2024)
- ATW SPAC MANAGEMENT LLC Filed SCHEDULE 13G/A on YHN Acquisition I Ltd, latest Feb 13, 2025 (2 filings since Nov 12, 2024)
- BOOTHBAY FUND MANAGEMENT, LLC Filed SCHEDULE 13G/A on YHN Acquisition I Ltd, latest Feb 13, 2025 (2 filings since Nov 7, 2024)
- YHN Acquisition I Ltd D8
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What YHN Acquisition I Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Marketable securities, non-current | $61.1M7 Dec 31, 2024 |
Properties, in its own words
We currently utilize office space at 2/F, Hang Seng Building, 200 Hennessy Road, Wanchai, Hong Kong from our Sponsor. We pay our Sponsor $10,000 per month for office space, secretarial and administrative services provided to members of our management team. Upon completion of our Business Combination or our liquidation, we will cease paying these monthly fees.
Item 2 of the 10-K filed Mar 31, 2026.3
Leadership
Who has led YHN Acquisition I Ltd, and when. Pick a name to see everywhere that person has worked.
- Chief executive officerMan Ka Poon Sep 30, 2025 to now8
- Chief executive officerSatoshi Tominaga Sep 17, 2024 to Sep 17, 20249
- Chief financial officerYangyujia An Aug 12, 2024 to Aug 12, 202410
Board members and other officers (4)
- Board memberDonghui Xu Aug 12, 2024 to Aug 12, 202411
- Board memberYangyujia An Aug 12, 2024 to Aug 12, 202410
- Board memberZhengming Feng Aug 12, 2024 to Aug 12, 202412
- Board memberSatoshi Tominaga Sep 17, 2024 to Sep 17, 20249
Timeline
- Sep 16, 20268-K Entered a material agreement; Bylaws or fiscal year changed; Shareholder vote13
- Jun 22, 20268-K Other events14
- Jun 11, 20268-K Listing notice or transfer15
- Apr 20, 20268-K Listing notice or transfer16
- Mar 23, 20268-K Other events17
- Dec 17, 20258-K Entered a material agreement18
- Dec 16, 20258-K Other events19
- Dec 10, 20258-K Entered a material agreement; Bylaws or fiscal year changed; Shareholder vote20
- Nov 10, 20258-K Entered a material agreement21
- Oct 15, 20258-K Entered a material agreement22
- Sep 30, 2025New chief executive Man Ka Poon becomes CEO8
- Jul 14, 20258-K Executive or director change23
- Jun 5, 20258-K Entered a material agreement24
- Sep 17, 2024New chief executive Satoshi Tominaga becomes CEO9
Filings
92 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 18 major events, 10 insider forms, 31 large holders, 25 other. The latest 20:
- Oct 8, 2026SCHEDULE 13G/A EDGAR
- Sep 16, 20268-K CURRENT REPORT EDGAR
- Sep 4, 2026SCHEDULE 13G/A EDGAR
- Aug 24, 2026DEF 14A DEFINITIVE PROXY EDGAR
- Aug 14, 202610-Q FORM 10-Q FOR JUN 2026 EDGAR
- Aug 13, 2026PRE 14A PRELIMINARY PROXY STATEMENT EDGAR
- Jun 22, 20268-K CURRENT REPORT EDGAR
- Jun 11, 20268-K CURRENT REPORT EDGAR
- May 14, 202610-Q FORM 10-Q FOR MAR 2026 EDGAR
- Apr 20, 20268-K EDGAR
- Apr 7, 2026SCHEDULE 13G/A EDGAR
- Mar 31, 202610-K FORM 10-K FOR DEC 2025 EDGAR
- Mar 31, 20264/A EDGAR
- Mar 23, 20268-K EDGAR
- Feb 13, 2026SCHEDULE 13G/A EDGAR
- Feb 12, 2026SCHEDULE 13G/A EDGAR
- Feb 11, 2026SCHEDULE 13G/A EDGAR
- Feb 2, 2026SCHEDULE 13G/A EDGAR
- Jan 7, 2026SCHEDULE 13G/A EDGAR
- Dec 17, 20258-K EDGAR
The 92 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
3 open-market trades by officers, directors and large owners since October 2021: 1 buys and 2 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 1, 2025 | Tominaga Satoshi | Sale | 15,000 | $0.01 | $150 | Form 4 |
| Aug 1, 2025 | Tominaga Satoshi | Sale | 15,000 | $214.29 | $3.2M | Form 4 |
| Sep 19, 2024 | YHN Partners I Ltd10% owner | Buy | 250,000 | $10.00 | $2.5M | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- RIVERNORTH CAPITAL MANAGEMENT, LLCSCHEDULE 13G/A, 5 filings Nov 14, 2024 to Oct 8, 202625
- Karpus Management, Inc.SCHEDULE 13G/A, 3 filings Jan 7, 2025 to Sep 4, 202626
- Westchester Capital Management, LLCSCHEDULE 13G/A, 2 filings May 14, 2025 to Feb 13, 202627
- Mizuho Financial GroupSCHEDULE 13G/A, 4 filings Feb 13, 2025 to Feb 12, 202628
- W. R. BerkleySCHEDULE 13G/A, 3 filings Apr 8, 2025 to Feb 11, 202629
- Feis Equities LLCSCHEDULE 13G/A, 2 filings Nov 12, 2025 to Feb 2, 202630
- BarclaysSCHEDULE 13G/A, 2 filings Feb 7, 2025 to Mar 21, 202531
- Harraden Circle Investments, LLCSCHEDULE 13G/A, 2 filings Sep 24, 2024 to Feb 14, 202532
- METEORA CAPITAL, LLCSCHEDULE 13G/A, 2 filings Nov 14, 2024 to Feb 14, 202533
- AQR CAPITAL MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Nov 14, 2024 to Feb 13, 202534
- ATW SPAC MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Nov 12, 2024 to Feb 13, 202535
- BOOTHBAY FUND MANAGEMENT, LLCSCHEDULE 13G/A, 2 filings Nov 7, 2024 to Feb 13, 202536
SEC filer profile
How YHN Acquisition I Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARYHN Acquisition I Ltd1
- CIK0002020987
- Employer ID (EIN)00-00000003
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company3
- Incorporated inD83
- Fiscal year endsDecember 311
- Industry code (SIC)6770 Blank Checks1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address8 Queen'S Road East, Wanchai, Hong Kong1
- Phone852 549981011
- Shares outstanding4,285,821 as of Aug 14, 20266
- Public float$62.7M as of Jun 30, 20253
- AuditorAdeptus Partners, LLC, Ocean, New Jersey PCAOB ID 3686; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceMay 10, 20241
- Filings92 in all: 8-K (18), SCHEDULE 13G/A (18), 3 (7), SCHEDULE 13G (7), 10-Q (6), SC 13G (6), CORRESP (5), S-1/A (4)1
All 21 form types
UPLOAD (3), 10-K (2), 4 (2), DEF 14A (2), EFFECT (2), POS AM (2), PRE 14A (2), 4/A (1), 424B4 (1), 425 (1), 8-A12B (1), CERT (1), S-1 (1)
- Latest filingsAnnual report (10-K) Mar 31, 2026
Quarterly report (10-Q) Aug 14, 2026
Proxy statement (DEF 14A) Aug 24, 2026
Latest 8-K (8-K) Sep 16, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Units, each consisting of one Ordinary Share, no par value, and one Right entitling the holder to receive one-tenth of an Ordinary Share | YHNAU | Nasdaq |
| Ordinary Share | YHNA | Nasdaq |
| Rights | YHNAR | Nasdaq |
From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).3
Risk factors and legal proceedings
Legal proceedings
To the knowledge of our management team, there is no material litigation, arbitration or governmental proceeding currently pending against us or any members of our management team in their capacity as such.
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8SEC EDGARMan Ka Poon, Chief executive officer
- 9
- 10
- 11SEC EDGARDonghui Xu, Board member
- 12SEC EDGARZhengming Feng, Board member
- 13
- 14SEC EDGAROther events
- 15SEC EDGARListing notice or transfer
- 16SEC EDGARListing notice or transfer
- 17SEC EDGAROther events
- 18SEC EDGAREntered a material agreement
- 19SEC EDGAROther events
- 20
- 21SEC EDGAREntered a material agreement
- 22SEC EDGAREntered a material agreement
- 23SEC EDGARExecutive or director change
- 24SEC EDGAREntered a material agreement
- 25
- 26
- 27
- 28
- 29
- 30
- 31
- 32
- 33
- 34
- 35
- 36