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YHN Acquisition I Ltd. Shareholders Approve Extension of Business Combination Deadline
YHNA
Proxy Vote Outcomes
M&A
- YHN Acquisition I Limited's shareholders approved a Charter Amendment and an amendment to the Investment Management Trust Agreement on December 8, 2025, to extend the deadline for consummating a business combination.
- The company now has the discretion to extend the business combination deadline three times, each for an additional three months, pushing the final date from December 19, 2025, to September 19, 2026.
- Each three-month extension requires a deposit of $150,000 into the trust account.
Dec 10, 2025, 2:00 PM
YHN Acquisition I Limited Amends Business Combination Agreement, Adjusting Earnout to Share Price Performance
YHNA
M&A
Accounting Changes
- YHN Acquisition I Limited (YHNA) and Mingde Technology Limited amended their Business Combination Agreement on November 7, 2025, primarily to adjust the earnout mechanism.
- The Earnout Consideration is now contingent on the post-closing share price performance of Purchaser Ordinary Shares, shifting from previous future revenue targets.
- The maximum Earnout Consideration has been increased to $80,000,000, payable in up to 8,000,000 Purchaser Ordinary Shares.
- These Earnout Shares are tied to three milestones: 3,000,000 shares if the Purchaser Ordinary Share price reaches $15.00, another 3,000,000 shares at $20.00, and 2,000,000 shares at $25.00, each for 60 consecutive trading days within a three-year Earnout Period.
- The aggregate maximum total Merger Consideration is now $280,000,000, consisting of an Initial Merger Consideration of $200,000,000 and the potential $80,000,000 Earnout Consideration.
Nov 10, 2025, 9:10 PM
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