YHN Acquisition I Ltd
For the period ended Jun 30, 2026. Filed Aug 14, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 14, 2026
YHNA$11.12+0.1%Stored close · as of Oct 29, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2026-03-31; filed 2026-05-14.
0001683168-26-003857
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2026-06-30; filed 2026-08-14.
0001683168-26-006477
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 50 previous paragraphs and 59 current paragraphs.
44 unchanged; 6 reworded; 8 added; 0 removed; 0 previous and 1 current paragraphs rearranged.
Tables are not compared: 4 previous and 5 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (8)
Current report
MVPHS Requirement
Current report
MVLS Requirement
Current report
Minimum Total Holders Requirement
Current report
On June 10, 2026, we received a notification letter (the “Notification Letter on Minimum Total Holders”) from Nasdaq that the Company is not in compliance with the minimum total holders requirement set forth in Nasdaq Listing Rule 5450(a)(2) for continued listing on Nasdaq, which requires a minimum of 400 “Total Holders” (defined as both beneficial holders and holders of record) of our securities (the “Minimum Total Holders Requirement”). The Notification Letter on Minimum Total Holders has no immediate effect on the listing or trading of the Company’s Units, Ordinary Shares and Rights on Nasdaq and, as of June 10, 2026, they will continue to trade on Nasdaq under the symbols “YHNAU,” “YHNA” and “YHNAR” respectively.
Current report
The Notification Letter provides that the Company has 45 calendar days to submit a plan to regain compliance. If our plan is accepted, Nasdaq can grant an extension of up to 180 calendar days from the date of the Notification Letter to evidence compliance. In determining whether to accept our plan, Nasdaq will consider such things as the likelihood that the plan will result in compliance with Nasdaq’s continued listing criteria, the Company’s past compliance history, the reasons for the Company’s current non-compliance, other corporate events that may occur within Nasdaq’s review period, the Company’s overall financial condition and its public disclosures. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity to appeal the decision in front of a Nasdaq Hearings Panel.
Current report
Alternatively, the Company may consider applying for a transfer of listing to The Nasdaq Capital Market (the “Capital Market”). In order to transfer, the Company must submit an online transfer application, pay the $5,000 application fee, and meet the Capital Market’s continued listing requirements.
Current report
For the six months ended June 30, 2026, we had a net income of $210,439 which was comprised of formation and operating costs expenses, dividend income and interest income.
Current report
For the six months ended June 30, 2025, we had a net income of $552,549 which was comprised of formation and operating costs expenses, dividend income and interest income.
Reworded paragraphs (6)
Previous wording
References in this report (the “Quarterly Report”) to “we,” “us” or the “Company” refer to YHN Acquisition I Limited. References to our “management” or our “management team” refer to our officers and directors. References to the “Sponsor” refer to YHN Partners I Limited. The following discussion and analysis of the Company’s financial condition and results of operations should be read in conjunction with the unaudited condensed financial statements and the notes thereto contained elsewhere in this Quarterly Report. Certain information contained in the discussion and analysis set forth below includes forward-looking statements that involve risks and uncertainties.
Current wording
References in this report (the “Quarterly Report”) to “we,” “us” or the “Company” refer to YHN Acquisition I Limited. References to our “management” or our “management team” refer to our officers and directors. References to the “Sponsor” refer to YHN Partners I Limited. The following discussion and analysis of the Company’s financial condition and results of operations should be read in conjunction with the unaudited condensed consolidated financial statements and the notes thereto contained elsewhere in this Quarterly Report. Certain information contained in the discussion and analysis set forth below includes forward-looking statements that involve risks and uncertainties.
Previous wording
As of the date of this report, the Company has extended two times by an additional three-month each time, and so it now has until June 19, 2026 to consummate a business combination. Pursuant to the terms of the current amended and restated memorandum and articles of association and the trust agreement between the Company and Continental Stock Transfer & Trust Company, LLC, in order to extend the time available for the Company to consummate the initial business combination, the Company’s insiders or their affiliates or designees, must deposit into the Trust Account $150,000 on or prior to the date of the applicable deadline. On each of December 15, 2025 and March 19, 2026, the Company has deposited in an amount of $150,000 into the Trust Account in order to extend the amount of available time to complete a business combination until June 19, 2026.
Current wording
As of the date of this report, the Company has extended three times by an additional three-month each time, and so it now has until September 19, 2026 to consummate a business combination. Pursuant to the terms of the current amended and restated memorandum and articles of association and the trust agreement between the Company and Continental Stock Transfer & Trust Company, LLC, in order to extend the time available for the Company to consummate the initial business combination, the Company’s insiders or their affiliates or designees, must deposit into the Trust Account $150,000 on or prior to the date of the applicable deadline. On each of December 15, 2025, March 19, 2026 and June 17, 2026, the Company has deposited in an amount of $150,000 into the Trust Account in order to extend the amount of available time to complete a business combination until September 19, 2026.
Previous wording
For the three months ended March 31, 2026, we had a net income of $95,567 which was comprised of formation and operating costs expenses, dividend income and interest income.
Current wording
For the three months ended June 30, 2026, we had a net income of $114,872 which was comprised of formation and operating costs expenses, dividend income and interest income.
Previous wording
For the three months ended March 31, 2025, we had a net income of $547,299 which was comprised of formation and operating costs expenses, dividend income and interest income.
Current wording
For the three months ended June 30, 2025, we had a net loss of $24,750 which was comprised of formation and operating costs expenses, dividend income and interest income.
Previous wording
As of March 31, 2026, we had cash of $22,788. Until the consummation of the initial public offering, the only source of liquidity was an initial purchase of ordinary shares by our Sponsor, monies loaned by the Sponsor under a certain unsecured promissory note and advances from our Sponsor.
Current wording
As of June 30, 2026, we had cash of $26,560. Until the consummation of the initial public offering, the only source of liquidity was an initial purchase of ordinary shares by our Sponsor, monies loaned by the Sponsor under a certain unsecured promissory note and advances from our Sponsor.
Previous wording
Net income (loss) per share is presented in the unaudited condensed consolidated statements of income as follows:
Current wording
Net income (loss) per share is presented in the unaudited condensed consolidated statements of operations as follows:
Rearranged current paragraphs (1)
Current report — wording carried from elsewhere
The Company intends to monitor the number of its Total Holders and will consider implementing available options to regain compliance with the Minimum Total Holders Requirement.