YHN Acquisition I Limited Enters Into Letter of Intent for Business Combination

YHN Acquisition I Limited (NASDAQ: YHNAU) recently announced that the company has entered into a legally binding letter of intent with Mingde Technology Limited and Zhejiang Xiaojianren Internet Technology Co., Ltd. The letter of intent outlines a proposed business combination between YHN Acquisition I Limited, Holdco, and XJR based on an equity valuation of $396 million.

As per the agreement, Holdco and XJR will undergo an internal corporate structure reorganization by January 27, 2025. This reorganization will enable Holdco to control and receive the economic benefits of XJR through a variable interest entity structure. The completion of the business combination is contingent upon the execution of a definitive agreement within 30 days following the reorganization.

Additionally, the parties have agreed to a 90-day exclusivity period to negotiate the terms of the business combination. During this period, the parties are restricted from engaging in discussions or transactions that would hinder the proposed agreement outlined in the letter of intent.

While the details of the letter of intent are summarized above, the full text of the agreement is available as Exhibit 10.1 in the Form 8-K filing with the Securities and Exchange Commission.

It is important to note that forward-looking statements are included in this report, which involve risks, uncertainties, and assumptions that are challenging to predict. The company highlights that actual results could differ from these forward-looking statements due to various factors, including the Company’s limited operating history and market conditions.

In connection with the proposed business combination, the company will prepare a proxy statement to be filed with the Securities and Exchange Commission and shared with shareholders. Investors and interested parties are encouraged to review the proxy statement and other related SEC filings for significant information regarding the transaction.

Notably, this Form 8-K filing does not constitute a solicitation of proxies or an offer to sell securities. Any offer or solicitation will be made in compliance with applicable securities laws.

Participants involved in the solicitation process, including certain directors and executive officers, will be outlined in the Proxy Statement once available, along with additional relevant information concerning the proposed transaction.

The filing also includes the Letter of Intent dated January 15, 2025, as Exhibit 10.1 and a Cover Page Interactive Data File.

Satoshi Tominaga, the Chief Executive Officer of YHN Acquisition I Limited, signed the report on January 16, 2025.

This report was submitted in accordance with the Securities Exchange Act of 1934 by YHN Acquisition I Limited.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read YHN Acquisition I’s 8K filing here.

YHN Acquisition I Company Profile

YHN Acquisition I Limited focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2023 and is based in Wan Chai, Hong Kong. YHN Acquisition I Limited operates as a subsidiary of YHN Partners I Limited.