SPAC YHN Acquisition I signs LOI for business combination with Mingde/XJR at $396M valuation

YHN Acquisition I Ltd

Target equity valuation of $396 million; 39.6 million shares to be issued to Holdco shareholders.
Reorganization must be completed by January 27, 2025; definitive agreement targeted within 30 days thereafter.
90-day exclusivity period; parties to negotiate in good faith to execute definitive agreement.
XJR operates online sports platforms and provides tech solutions for health product stores.
Combined company to list on Nasdaq; current SPAC tickers YHNA, YHNAU, YHNAR.

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