---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-004031"
form_type: "8-K"
ticker: "YHNA"
cik: "0002020987"
company_name: "YHN Acquisition I Ltd"
filed_at: "2025-01-16T23:59:59+00:00"
generated_at: "2026-05-28T00:25:39.299457+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-004031
- form_type: 8-K
- ticker: YHNA
- cik: 0002020987
- company_name: YHN Acquisition I Ltd
- filed_at: 2025-01-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2020987/000121390025004031/0001213900-25-004031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2020987/000121390025004031/ea0227888-8k_yhnacq1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-004031
- JSON: https://secwatch.observer/filing/0001213900-25-004031.json
- Plain text: https://secwatch.observer/filing/0001213900-25-004031.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.