New York, NY, Sept. 19, 2024 — YHN Acquisition I Limited (the “Company”) has announced the completion of its initial public offering (IPO) of 6,000,000 units at $10.00 per unit (the “Offering”). The total gross proceeds from the IPO are $60 million, before deducting underwriting discounts, commissions, and other Offering expenses.
These units are listed on the Nasdaq Global Market (“Nasdaq”) and began trading on Wednesday, September 18, 2024, under the ticker symbol “YHNAU”. Each unit consists of one ordinary share and one right to receive one-tenth of one ordinary share upon the completion of an initial business combination. Once the securities comprising the units start trading separately, the ordinary shares and rights are expected to be listed on Nasdaq under the symbols “YHNA” and “YHNAR” respectively.
The Company is a special purpose acquisition company (SPAC) whose primary objective is to execute a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. The Company has not yet identified a specific target for a business combination and has not, nor has anyone on its behalf, engaged in any substantive discussions, directly or indirectly, with any potential business combination target. The Company’s search for a prospective target business will not be restricted to a particular industry or geographic location. The Company is headed by its Chief Executive Officer, Mr. Satoshi Tominaga.
Lucid Capital Markets, LLC is acting as the sole underwriter for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 900,000 units at the IPO price to cover any potential over-allotments.
The offering is being made solely through a prospectus. Copies of the prospectus can be obtained, when available, from Lucid Capital Markets, LLC, 570 Lexington Avenue, 40th Floor, New York, New York 10022.
A registration statement on Form S-1 (File No. 333-279308) relating to these securities, as amended, has been filed with the U.S. Securities and Exchange Commission (the “SEC”) and declared effective by the SEC on September 17, 2024. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction where such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release includes statements that are “forward-looking statements,” including with respect to the IPO and the anticipated use of the net proceeds. There is no guarantee that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as stated. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company’s control, including those outlined in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the offering filed with the SEC. Copies are available on the SEC’s website, The Company is not obligated to update these statements for revisions or changes after the date of this release, except as required by law.
Contact
YHN Acquisition I Limited
2/F, Hang Seng Building
200 Hennessy Road, Wanchai
Hong Kong
Attn: Satoshi Tominaga, Chief Executive Officer
Email: