Business Context and Reporting Period
This Form 8-K is filed by YHN Acquisition I Limited, a British Virgin Islands corporation and emerging growth company, for the reporting period ending April 17, 2026. The company's securities (Units, Ordinary Shares, and Rights) trade on The Nasdaq Stock Market LLC under the symbols YHNAU, YHNA, and YHNAR, respectively.
Key Financial Metrics
This filing is a current report regarding listing compliance and does not contain financial statements. Consequently, the filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes and Listing Deficiencies
On April 17, 2026, the Company received two deficiency notifications from Nasdaq regarding failure to meet continued listing standards for 30 consecutive business days (March 5, 2026, to April 16, 2026):
- Minimum Market Value of Publicly Held Shares (MVPHS): The Company failed to maintain the required minimum of $15,000,000 under Nasdaq Listing Rule 5450(b)(2)(C).
- Minimum Market Value of Listed Securities (MVLS): The Company failed to maintain the required minimum of $50,000,000 for continued listing on The Nasdaq Global Market under Nasdaq Listing Rule 5450(b)(2)(A).
These notifications have no immediate effect on trading; shares continue to trade under the symbol "YHNA."
Outlook, Compliance Plan, and Risks
The Company has been granted a 180-calendar day compliance period ending on October 14, 2026, to regain compliance with both requirements. To avoid delisting, the Company must achieve the respective market value thresholds for a minimum of 10 consecutive business days prior to the deadline.
Management Commentary and Options:
- The Company intends to monitor the requirements and consider available options to regain compliance.
- Alternatively, the Company may apply to transfer listing to The Nasdaq Capital Market, subject to meeting those specific requirements.
- If compliance is not achieved by October 14, 2026, the Company will receive written notification that its securities are subject to delisting.
Risks: The filing includes forward-looking statements noting that there is no assurance Nasdaq will accept the Company's plan or that the Company will regain compliance. Actual results may differ materially from expectations.
Investor Verification Checklist
- Verify the current market capitalization and public float to assess the gap to the $15M (MVPHS) and $50M (MVLS) thresholds.
- Monitor the stock price and trading volume daily to track progress toward the 10 consecutive business days of compliance required before October 14, 2026.
- Review subsequent filings for any formal application to transfer to The Nasdaq Capital Market.
- Check for any announcements regarding a business combination or capital raise, which are common strategies for SPACs facing delisting risks.