YHN Acquisition I Ltd
Business
YHN Acquisition I Ltd is a blank check company formed in the British Virgin Islands to identify and complete a business combination with a target business. The company seeks targets with strong management, recurring revenue potential, and upside valuation opportunity, with a focus on Asia-Pacific markets and PRC-related businesses. YHN has entered into a business combination agreement with Mingde Technology Limited, a Cayman Islands company, with contingent earnout consideration based on post-combination performance.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Formation and operating costs | −1 | −286,649 | |
| Dividend income | 2 | 789,076 | |
| Interest income | 29 | 211 | |
| Total other income | 2 | 789,287 | |
| NET INCOME | 1 | 502,638 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Cash | 140,550 | 669,250 | 0 | |
| Prepayments | 12,923 | 50,485 | — | |
| Total current assets | 153,473 | 719,735 | — | |
| Cash and marketable securities held in trust | 27 | 61 | — | |
| TOTAL ASSETS | 27 | 62 | — | |
| Accrued expenses | 55,626 | 64,997 | 3,680 | |
| Amount due to sponsor | 790,038 | 60,059 | — | |
| Total Current Liabilities | 845,664 | 125,056 | 3,680 | |
| Deferred underwriting compensation | 2 | 2 | — | |
| TOTAL LIABILITIES | 2 | 2 | 3,680 | |
| Commitments and contingencies (Note 7) | — | — | — | |
| 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 | 61 | — | |
| 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 | 25,000 | |
| Accumulated deficit | −2 | −905,321 | −3,680 | |
| Total Shareholders Deficit | −2 | −905,321 | −3,680 | |
| TOTAL LIABILITIES AND SHAREHOLDERS DEFICIT | 27 | 62 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Prepayments | 37,562 | −50,485 | |
| Accrued expenses | −9,371 | 61,317 | |
| Net cash used in operating activities | −1 | −275,606 | |
| Cash withdrawn from Trust Account in connection to redemption | 37 | 0 | |
| Proceeds deposited in Trust Account | −150,000 | −60 | |
| Net cash provided by (used in) investing activities | 37 | −60 | |
| Proceeds from public offering, net of offering costs | 0 | 59 | |
| Proceeds from private placement | 0 | 3 | |
| Capital contribution paid | 0 | 25,000 | |
| Proceeds from promissory note - related party | 0 | 173,000 | |
| Repayment to related party under promissory note | 0 | −173,000 | |
| Redemption of ordinary shares | −37 | 0 | |
| Advance from sponsor | 729,979 | 60,059 | |
| Net cash (used in) provided by financing activities | −36 | 61 | |
| NET CHANGE IN CASH | −528,700 | 669,250 | |
| Deferred offering costs paid by related party | 0 | 108,663 | |
| Initial classification of ordinary shares subject to possible redemption | 0 | 56 | |
| Accretion of carrying value to redemption value | 0 | 7 | |
| Subsequent remeasurement of ordinary shares subject to possible redemption | 3 | 789,076 | |
| Accrued underwriting compensation | 0 | 2 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is YHN Acquisition I Ltd's CIK number?
YHN Acquisition I Ltd's SEC CIK number is 0002020987 (2020987). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find YHN Acquisition I Ltd's SEC filings?
All of YHN Acquisition I Ltd's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.