YHN Acquisition I reported net income of $1.325 million for the year ended December 31, 2025, rising from $0.503 million in 2024; results reflect formation and operating costs offset by dividend and interest income. The company shows per-share results reflecting its capital structure with redeemable ordinary share EPS of $0.27 and non-redeemable ordinary share EPS of -$0.15 for 2025. Cash available outside the trust for working capital and deal activities was approximately $0.75 million as of December 31, 2025.
Financial Highlights
- Net Income (2025): $1.325 million for the year ended Dec 31, 2025 (comprised of formation and operating costs, dividend and interest income).
- Net Income (2024): $0.503 million for the year ended Dec 31, 2024 (comprised of formation and operating costs, dividend and interest income).
- Net Income Per Share (2025): Redeemable Ordinary Share $0.27; Non-Redeemable Ordinary Share -$0.15.
- Net Income Per Share (2024): Redeemable Ordinary Share $0.38; Non-Redeemable Ordinary Share -$0.09.
- Cash: $0.141 million cash on hand as of Dec 31, 2025; approximately $0.75 million available outside the trust for working capital prior to a business combination.
Business Highlights
- IPO and Capital Raise: Completed an IPO and private placement raising $62.5 million to fund the search for a target and to consummate a business combination.
- Operational Focus: Activities centered on identifying, evaluating and diligencing potential acquisition targets; the company had no operating revenues prior to completing a business combination.
- Trust & Timeline Management: Transferred $60.3 million to a trust and obtained shareholder-approved extensions to September 19, 2026 to complete a business combination.
- Public Company Readiness: Anticipates higher public-company expenses going forward (legal, reporting, audit, due diligence) with ongoing general and administrative support from its sponsor.
- Liquidity for Deal Sourcing: Approximately $750,000 available outside the trust to support deal sourcing, travel, diligence and transaction execution costs.
Original SEC Filing:
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