YHN Acquisition I enters $396M business combination with Mingde Technology

YHN Acquisition I Ltd

Deal valued at $396M; 39.6M Purchaser shares at $10.00 each as consideration.
Mingde Technology will become wholly owned subsidiary of Purchaser post-closing.
Closing subject to shareholder approvals, regulatory conditions, and outside date of Dec 18, 2025.
Significant shareholders subject to 365-day lock-up on post-closing shares.
No termination fees under the Business Combination Agreement.

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