Here are the 10-Q quarterly 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-Q covers the quarterly report filed between annual reports, 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 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 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.