Here are the 10-K annual reports from YHN Acquisition I Limited Right (YHNAR) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow YHNAR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full YHNAR filings page.
YHN Acquisition I Limited, a Hong Kong–based SPAC incorporated in the British Virgin Islands, filed its annual report for the year ended December 31, 2025. The company has no operating business and is focused on completing an initial business combination.
YHN entered into a Business Combination Agreement with Mingde Technology Limited, valuing the deal at $200,000,000 plus up to $80,000,000 in earnout shares, payable in 20,000,000 new PubCo ordinary shares and up to 8,000,000 additional earnout shares tied to trading milestones.
The SPAC raised $60,000,000 from its IPO of 6,000,000 units and a further $2,500,000 from 250,000 private units, placing $60,300,000 into a trust account. After redemptions of 3,464,179 shares, 2,535,821 public shares remain redeemable.
For 2025, YHN reported net income of $1,325,117, mainly from interest and dividend income on trust investments, compared with net income of $502,638 in 2024. As of December 31, 2025, cash outside the trust totaled $140,550, and the trust value attributable to redeemable shares was $27,050,906.
Shareholders approved amendments allowing up to three three‑month extensions of the business combination deadline from December 19, 2025 to September 19, 2026, with $150,000 deposited into the trust for each extension. The company discloses substantial doubt about its ability to continue as a going concern if no deal is completed by September 19, 2026, in which case remaining public shares would be redeemed and the SPAC liquidated.