{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-25-008142","form_type":"8-K","ticker":"YHNA","cik":"0002020987","company_name":"YHN Acquisition I Ltd","filed_at":"2025-11-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.341389+00:00","generated_at":"2026-05-16T22:42:22.883311+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"YHN Acquisition I amends Mingde deal; base consideration cut to $200M, earnout now share-price-based","bullets":["Base consideration cut to $200M (20M shares at $10) + up to $80M earnout (8M shares) tied to share price.","Earnout milestones: share price ≥$15, $20, $25 for 60 consecutive trading days over 3 years post-closing.","Holdback shares cut to 1M (was ~1.63M); closing shares now 19M (was ~30.97M).","Amendment eliminates prior revenue-based earnout targets tied to FY2026 and FY2027 revenue milestones.","Largest shareholder Following Wind Limited holds 58%, receives 11.02M closing shares and 580K holdback."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-25-008142","json":"https://secwatch.observer/filing/0001683168-25-008142.json","markdown":"https://secwatch.observer/filing/0001683168-25-008142.md","text":"https://secwatch.observer/filing/0001683168-25-008142.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2020987/000168316825008142/0001683168-25-008142-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2020987/000168316825008142/yhna_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T22:42:22.883311+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}