For YHN Acquisition I Ltd, reporting persons Lawrence Feis and Feis Equities LLC report an indirect position of 293,954 common shares as of November 2, 2026; both are identified as ten-percent owners. The shares are owned by Lawrence Feis and Feis Equities LLC, and Feis is the LLC’s managing member and is also deemed to beneficially own them. The ownership remarks attribute the position exceeding 10% to reduced shares outstanding reported by YHN Acquisition 1 Limited on Form 8-K on September 16, 2026.
YHNA disclosed that Nasdaq determined to delist its units, ordinary shares and rights after the company failed by October 14, 2026, to regain compliance with two continued-listing minimums: $15,000,000 in market value of publicly held shares and $50,000,000 in market value of listed securities. The company received the determination October 21, 2026; its board decided not to appeal or apply to transfer the securities to the Nasdaq Capital Market. YHNA expects Nasdaq trading to be suspended at the opening of business October 30, 2026, followed by a Form 25-NSE filing to delist and deregister the securities.
YHNA intends to apply for OTC Markets quotation after suspension. Quotation requires, among other things, a market maker to file Form 211 and FINRA to clear it; the company said eligibility and an active market are not assured, and the transition may reduce liquidity and adversely affect trading price and volatility. The company said delisting does not affect its operations, its intention to pursue a business combination, or public ordinary shareholders’ rights to a pro rata portion of trust-account funds in connection with a business-combination vote or failure to complete one within the required period.
YHN Acquisition I Ltd (YHNA) is the issuer named in RiverNorth Capital Management, LLC’s amended ownership report. RiverNorth reports beneficial ownership of 0 ordinary shares, or 0.00% of the class. It also reports zero sole or shared voting power and zero sole or shared dispositive power.
YHN Acquisition I Ltd (YHNA) reported that shareholders approved amendments to its memorandum and articles of association and its investment management trust agreement, giving the board discretion to extend the deadline to complete a business combination from September 19, 2026 to June 19, 2027, in up to three three‑month increments by depositing $100,000 into the trust account for each extension.
On September 14, 2026, the company deposited $100,000 to extend its business combination deadline from September 19, 2026 to December 19, 2026. At the September 14, 2026 meeting, 3,640,826 shares voted for each amendment and 387,367 voted against. In connection with the vote, 1,822,960 ordinary shares were redeemed, leaving approximately $7,882,708.91 in the trust account.
YHN Acquisition I Ltd (YHNA) received an amended Schedule 13G from Karpus Management, Inc. reporting its beneficial ownership of the company’s common shares. Karpus reports beneficial ownership of 96,975 common shares, representing 2.26% of the class, with sole voting and dispositive power over all such shares.
Karpus files as a registered investment adviser, stating that the shares are owned directly by accounts it manages and that it exercises voting and investment power independently of its parent, City of London Investment Group plc.
YHN Acquisition I Ltd (YHNA) is asking shareholders at the 14 September 2026 annual meeting to approve a Charter Amendment and a Trust Amendment allowing its board to extend the deadline to complete a business combination three times, for three months each, from 19 September 2026 to 19 June 2027. Each extension would require a $100,000 deposit into the Trust Account, funded as a no-interest loan from the sponsor, forgivable if no deal is completed. As of 20 August 2026, the Trust Account held about $27,968,729.26, implying an estimated redemption price of $11.03 per share. There are 4,285,821 ordinary shares entitled to vote, and the sponsor beneficially owns about 32.08%. YHN has a signed Business Combination Agreement with Mingde Technology Limited and is seeking more time to close a transaction; if the amendments are not approved and no deal closes by 19 September 2026, the company will redeem public shares from the trust and liquidate, with rights and warrants expiring worthless.
YHN Acquisition I Limited, a British Virgin Islands-based SPAC, reported as of June 30, 2026 total assets of $27.9 million, including $27.8 million of cash and marketable securities in its trust account, and cash outside the trust of $26,560. Ordinary shares subject to possible redemption totaled 2,535,821 shares, carried at $27.8 million (about $10.98 per share), leaving shareholders’ deficit of $(2.8 million) and a working capital deficit of $1.26 million.
For the six months ended June 30, 2026, the company generated net income of $210,439, driven by $481,150 of dividend and interest income on trust investments, partially offset by formation and operating costs. YHN has a pending Business Combination Agreement with Mingde Technology Limited with aggregate consideration of $326 million plus up to $70 million in earnout shares, and has extended its combination deadline to September 19, 2026 via three $150,000 trust deposits. Management discloses substantial doubt about the ability to continue as a going concern if a business combination is not completed by that date. The company also received Nasdaq notices for failing to meet minimum market value and holder-count listing requirements, with a compliance deadline of October 14, 2026 for MVPHS and MVLS.
YHN Acquisition I Limited, a special purpose acquisition company, deposited $150,000 into the trust account set up for its initial public offering. This payment extends the deadline to complete a business combination from June 19, 2026 to September 19, 2026, giving the company additional time to find and close a merger target.
YHN Acquisition I Limited reported that Nasdaq has notified the company it no longer meets the exchange’s requirement for at least 400 Total Holders of its securities under Nasdaq Listing Rule 5450(a)(2). This deficiency currently does not affect the listing or trading of its units, ordinary shares or rights, which continue on Nasdaq under the symbols YHNAU, YHNA and YHNAR.
The company has 45 calendar days from the June 10, 2026 notification to submit a compliance plan. If Nasdaq accepts the plan, the exchange may grant up to 180 calendar days from the notification date for YHN Acquisition I Limited to regain compliance. The company may also apply to transfer its listing to the Nasdaq Capital Market, which requires an online application, a $5,000 fee, and meeting that market’s continued listing standards.
YHN Acquisition I Limited, a SPAC based in the British Virgin Islands, reported net income of $95,567 for the three months ended March 31, 2026, driven mainly by $238,045 of dividend and interest income on its trust investments, partly offset by $142,478 of formation and operating costs.
Total assets were $27.5M, including $27.4M of U.S. Treasury securities in the trust account and cash of only $22,788, against current liabilities of $1.1M and a shareholders’ deficit of $2.48M. There are 2,535,821 ordinary shares subject to possible redemption at about $10.82 per share.
The company has a Business Combination Agreement with Mingde Technology Limited with aggregate consideration of $326M plus up to $70M of earnout shares, primarily payable in 32,600,000 newly issued PubCo shares and up to 7,000,000 additional earnout shares. Significant redemptions saw 3,464,179 shares redeemed for about $36.65M in December 2025. YHN has extended its combination deadline twice and now has until June 19, 2026 to close a deal, while disclosing substantial doubt about its ability to continue as a going concern.
On April 17, 2026, Nasdaq notified YHN that it no longer meets the minimum Market Value of Publicly Held Shares and Market Value of Listed Securities requirements, giving the company until October 14, 2026 to regain compliance or face potential delisting or transfer to the Nasdaq Capital Market.