secwatch.observer — SEC 8-K summary
======================================

Issuer:     YHN Acquisition I Ltd (YHNA)
CIK:        0002020987
Form:       8-K
Filed at:   2024-09-25T23:59:59+00:00
Accession:  0001213900-24-081868
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

YHN Acquisition I completes IPO raising $60M; trust account funded, auditor flags going concern risk
--------------------------------------------------------------------------------

- Closed IPO of 6,000,000 units at $10.00/unit; gross proceeds $60M; private placement of 250,000 units to sponsor added $2.5M.
- Trust account holds $60,300,000 ($10.05/share) as of Sept 19, 2024; $737,704 released for working capital.
- Auditor raises substantial doubt about going concern: must complete business combination by Dec 18, 2025 or liquidate.
- Accumulated deficit of $669,296; working capital of $830,704.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2020987/000121390024081868/0001213900-24-081868-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2020987/000121390024081868/ea0215606-8k_yhnacq1.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-081868

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer