YHN Acquisition I Ltd reported results for the first quarter of 2026, posting net income of $95.57K and diluted earnings per share of $0.06 as the blank‑check company continues to focus on completing a pending business combination rather than generating operating revenue.
Financial Highlights
- Net income was $95.57K for Q1 2026, down from $547.30K in Q1 2025 (YoY change (82.6%)).
- Diluted earnings per share (basic & diluted on redeemable shares) was $0.06 for Q1 2026, versus $0.09 in Q1 2025.
- Revenue: Not reported for the quarter; the company is a blank‑check/holding vehicle and recorded income primarily from dividends and interest.
Business Highlights
- Business combination progress: YHN entered and amended definitive agreements to acquire Mingde Technology, including an earnout structure that could total up to $70M.
- Public listing transition: The planned reorganization will list the Purchaser (PubCo) on Nasdaq after closing, positioning the target as a publicly traded entity.
- Trust extension & timing: The SPAC combination deadline was extended to June 19, 2026 through deposits to provide additional time for closing.
- Operational focus: Primary activities remain target evaluation, due diligence and transaction execution; the company has no operating revenues.
- Regulatory/listing risk: YHN received Nasdaq notices regarding market-value deficiencies and is pursuing options to regain compliance before Oct. 14, 2026.
Original SEC Filing:
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