YHN Acquisition I (YHNA)
Pursues a business combination with Mingde Technology as a listed SPAC.
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Operates a listed SPAC that holds trust assets and seeks an operating-business combination, rather than selling products or services. Its proposed Mingde transaction and continued listing depend on closing conditions, funding, redemptions, and Nasdaq compliance.
Operates as a pre-combination special purpose acquisition company formed to combine with an operating business through a merger, share exchange, asset acquisition, recapitalization, or similar transaction. It has no commercial product, customer revenue, or operating segment; its work is maintaining the listed shell, overseeing trust assets, pursuing a target, and meeting public-company obligations.
Acquisition criteria emphasize management quality, recurring revenue potential, public-market benefits, valuation, long-term planning, innovation, and risk management, without an industry or geographic mandate. A proposed combination would join it with Mingde Technology, which is associated with a China-based operator of online sports platforms and health-product-store technology solutions.
Completion depends on closing conditions, funding, shareholder redemptions, and Nasdaq compliance. The SPAC must complete an initial business combination before its current permitted deadline or liquidate, in which event its public rights expire without value.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $27.9M · Total debt $1.3M · Total assets $3.6M · Shareholders' equity $3.2M
- Revenue
- $0
- Operating income
- −$16.4K
- Net income
- $14.7K
No dividends on record.
| Institutions10 holders · as of Mar 31, 2026 | 49.32% | 2.11M shares | |
| Insiders2 holders · as of Mar 31, 2026 | 0.70% | 30.0K shares | |
| Strategic holders1 holder · as of Feb 2, 2026 | 7.75% | 332.2K shares | |
| Otherremainder | 42.23% | 1.81M shares |
4.29M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Karpus Management, Inc.Institution | 17.87% | 765,701 | 13Fas of Mar 31, 2026 |
Rivernorth Capital Management, LLCInstitution | 10.38% | 445,000 | 13Fas of Mar 31, 2026 |
Berkley W R CorpInstitution | 7.84% | 335,896 | 13Fas of Mar 31, 2026 |
Feis Equities LLCStrategic | 7.75% | 332,160 | 13Gfiled Feb 2, 2026 ↗ |
Toronto Dominion BankInstitution | 3.97% | 170,000 | 13Fas of Mar 31, 2026 |
| See all 21 → | |||
13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 1, 2025 | Satoshi Tominaga | other: Former CEO and Director | −30,000 | $107.15 |
Not reported.