YHN Acquisition I LtdYHNA
Shareholder meeting
Sep 14, 2026
A meeting is scheduled. The deadline for electing to redeem usually falls two to seven days before it; this proxy did not state it in a form we would parse without guessing, so check the filing.
Cash in trust
$27.8M
$27,832,053
Trust per share
$10.98
Redemption value
IPO
Sep 2024
$58.7M raised
Combination deadline
Sep 19, 2026
Deadline passed
Filings on record
92
Latest Oct 8, 2026
Business combination
- Target
- Not disclosed in an indexed filing
- Announced
- Apr 4, 2025
Overview
YHN Acquisition I Ltd is a special purpose acquisition company incorporated in Virgin Islands, British and registered with the SEC under CIK 0002020987. It completed its initial public offering in Sep 2024, raising $58.7M in gross proceeds and listing on Nasdaq. Class A shares trade under the ticker YHNA, units under YHNAU, rights under YHNAR on Nasdaq. The vehicle is sponsored by YHN through YHN Partners I Limited. The mandate targets generalist. Definitive business-combination agreement signed, closing pending.
“we intend to focus our search for target businesses on specific locations and industries as described in this prospectus, we are not limited to those locations and may consummate a business combination with a company in any location or industry we choose.”
Reading the filings
Arithmetic on what YHN Acquisition I Ltd has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Trading at a premium to trust
At $11.09 the shares sit within a point of the $10.98 redemption value, so the market is pricing the cash and little else.
Trust versus the $10 unit
The trust holds $10.98 per public share, 9.8% above the $10.00 the units were sold at. That spread is accrued interest on the trust and, where the charter provides for it, sponsor contributions paid in to buy more time. It is the floor a public shareholder can redeem at, not a valuation of the business.
Time on the clock
The stated combination deadline of Sep 19, 2026 has passed without a closing in our filing record. Either an extension was approved that we have not yet indexed, or the vehicle is in wind-down. Check the latest proxy statement.
Extension history
Shareholders have already approved 1 extension. Each one opened a redemption window, so the public float and the trust are almost certainly smaller than at IPO, and each typically came with a sponsor contribution that lifts trust per share. A vehicle on its second or third extension is one where the sponsor is paying to keep the search alive.
Underwriting
Lucid led the offering. It has been named on 6 SPAC IPOs. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
From listing to the date YHN Acquisition I Ltd must close a deal, extend again, or return the trust. The marker is today.
Filings per month since the first one. A vehicle that has gone quiet with a deadline ahead is a different proposition from one that is still working.
92 filings in all. 6 in the last three months, against a busiest month of 12.
Scores
Recomputed 2d agoThree readings of YHN Acquisition I Ltd, each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built
Edge
ModerateHow much does the structure protect a holder right now?
42/100
- Discount to trust19
-1.00%
- Trust accretion89
$10.98 per share
- Runway17
-27 days
Edge reads the setup, not the business. A vehicle can score well on protection and still be a poor place to leave money once a deal closes.
FOMO
ModerateHow much attention is this vehicle attracting right now?
40/100
- Filing activity46
2 in 30 days
- News coverage0
0 stories in 30 days
- Premium to trust81
1.00%
- Deal freshness32
announced 560 days ago
Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.
Potential
ModerateHow likely is this vehicle to complete a combination, and at what scale?
35/100
- Bank franchise3
6 SPAC mandates
- Trust scale17
$28M
- Stage85
definitive agreement signed
Potential is about execution, not about the target. It says nothing about whether the eventual deal is worth owning, because the target is usually unknown when the score is computed.
These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.
News on YHN Acquisition I Ltd
Last 90 daysNothing in the last 90 days that names this vehicle. We attribute a story only when the release carries the ticker or the registered name, so an empty section means no press release or wire story matched — not that nothing was published. The filings below are the primary record either way.
SEC filing history
Free tier: filings older than 24 hours- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001398344-26-018018
- 8-K
Entry into a material definitive agreement; Submission of matters to a vote of security holders; Other events
Items 1.01, 5.03, 5.07, 8.01, 9.01 · Accession 0001683168-26-007194
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001072613-26-000752
- DEF 14A
Definitive proxy statement
Accession 0001683168-26-006677
- 10-Q
Quarterly report
Accession 0001683168-26-006477
- PRE 14A
PRELIMINARY PROXY STATEMENT
Accession 0001683168-26-006297
- 8-K
Other events
Item 8.01 · Accession 0001683168-26-004996
- 8-K
Notice of delisting or failure to satisfy a listing rule
Item 3.01 · Accession 0001683168-26-004735
- 10-Q
Quarterly report
Accession 0001683168-26-003857
- 8-K
Notice of delisting or failure to satisfy a listing rule
Item 3.01 · Accession 0001683168-26-003067
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001398344-26-006212
- 10-K
Annual report
Accession 0001683168-26-002441
- 4/A
4/A filing
Accession 0001683168-26-002439
- 8-K
Other events
Item 8.01 · Accession 0001683168-26-002070
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001140361-26-005398
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001104659-26-013884
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001628280-26-007319
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001376474-26-000095
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001072613-26-000040
- 8-K
Entry into a material definitive agreement
Items 1.01, 9.01 · Accession 0001683168-25-009203
- 8-K
Other events
Item 8.01 · Accession 0001683168-25-009176
- 8-K
Entry into a material definitive agreement; Submission of matters to a vote of security holders; Other events
Items 1.01, 5.03, 5.07, 8.01, 9.01 · Accession 0001683168-25-009035
- DEF 14A
Definitive proxy statement
Accession 0001683168-25-008461
- 10-Q
Quarterly report
Accession 0001683168-25-008359
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001376474-25-000913
- 8-K
Entry into a material definitive agreement
Items 1.01, 9.01 · Accession 0001683168-25-008142
- PRE 14A
FORM PRE 14A
Accession 0001683168-25-007931
- 8-K
Entry into a material definitive agreement
Items 1.01, 9.01 · Accession 0001683168-25-007549
- 3
Initial statement of beneficial ownership
Accession 0001683168-25-007328
- 4
Statement of changes in beneficial ownership
Accession 0001683168-25-007326
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YHN Acquisition I Ltd: questions answered
What is YHN Acquisition I Ltd (YHNA)?
YHN Acquisition I Ltd is a special purpose acquisition company incorporated in Virgin Islands, British and registered with the SEC under CIK 0002020987. It completed its initial public offering in Sep 2024, raising $58.7M in gross proceeds and listing on Nasdaq. Class A shares trade under the ticker YHNA, units under YHNAU, rights under YHNAR on Nasdaq. The vehicle is sponsored by YHN through YHN Partners I Limited. The mandate targets generalist. Definitive business-combination agreement signed, closing pending.
How much does YHN Acquisition I Ltd hold in trust?
Approximately $27,832,053, or about $10.98 per public share, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.
When must YHN Acquisition I Ltd complete a merger?
By Sep 19, 2026, after 1 shareholder-approved extension. If no combination closes by then the sponsor must seek a further extension or wind the vehicle up and return the trust.
What happens if YHN Acquisition I Ltd does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in YHN Acquisition I Ltd, and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $10.98 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
What tickers does YHN Acquisition I Ltd trade under?
Class A shares trade as YHNA on Nasdaq, the units as YHNAU, with rights as YHNAR. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.
Is the trust value the same as the share price for YHN Acquisition I Ltd?
No, and the gap between them is the whole trade. Trust per share is a disclosed, contractual figure of $10.98, being what a redeeming holder receives. The market price is whatever the shares change hands at: most recently $11.09, a premium of 1.00% to the redemption value. Quotes on this site are delayed and indicative; confirm on your own venue before trading.
Who sponsors YHN Acquisition I Ltd, and what is their track record?
YHN Partners I Limited is the sponsor entity, part of the YHN franchise. This is the only vehicle we have attributed to that sponsor.
Which banks underwrote the YHN Acquisition I Ltd IPO?
Lucid, EarlyBirdCapital. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is YHN Acquisition I Ltd tradeable, and where?
Yes. YHNA returned a live quote of $11.09 on Nasdaq. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.
Is YHN Acquisition I Ltd a good investment?
That is not a question this site answers. YHN Acquisition I Ltd is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this YHN Acquisition I Ltd data come from?
Filings YHN Acquisition I Ltd submitted to the SEC under CIK 0002020987: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Oct 19, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
Read the full methodology · What is in the dataset · Report a correction
SPACListing is a reference-data service, not an investment adviser. Nothing here is a recommendation to buy or sell any security.
Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
YHN: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
Lucid in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
Generalist SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
All spacs with an announced deal
Definitive business-combination agreement signed, closing pending.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.