---
title: "YHN Acquisition I | 10-K: FY2025 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281180992.md"
datetime: "2026-03-31T11:51:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281180992.md)
  - [en](https://longbridge.com/en/news/281180992.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281180992.md)
---

# YHN Acquisition I | 10-K: FY2025 Revenue: USD 0

Revenue: As of FY2025, the actual value is USD 0.

EBIT: As of FY2025, the actual value is USD -1.137 M.

YHN Acquisition I Limited operates as a blank check company with one operating segment, primarily focused on identifying and evaluating business combination candidates.

#### Operational Metrics

-   **Net Income**: Net income for YHN Acquisition I Limited was $1,325,117 for the year ended December 31, 2025, an increase from $502,638 for the year ended December 31, 2024.
-   **Formation and Operating Costs**: These costs were - $1,136,899 in 2025, compared to - $286,649 in 2024.
-   **Other Income - Dividend Income**: Dividend income increased to $2,461,987 in 2025 from $789,076 in 2024.
-   **Other Income - Interest Income**: Interest income decreased to $29 in 2025 from $211 in 2024.

#### Cash Flow

-   **Net Cash Used in Operating Activities**: The company used - $1,108,679 in operating activities in 2025, an increase from - $275,606 in 2024.
-   **Net Cash Provided by (Used in) Investing Activities**: In 2025, net cash provided by investing activities was $36,500,157, primarily due to cash withdrawn from the Trust Account in connection with redemption, compared to net cash used of - $60,300,000 in 2024, primarily due to proceeds deposited in the Trust Account.
-   **Net Cash (Used in) Provided by Financing Activities**: Net cash used in financing activities was - $35,920,178 in 2025, primarily due to the redemption of ordinary shares, while 2024 saw $61,244,856 provided by financing activities, primarily from proceeds of a public offering and private placement.
-   **Cash, End of Period**: Cash at the end of the period was $140,550 in 2025, down from $669,250 in 2024.

#### Unique Metrics

-   **Cash and Marketable Securities Held in Trust**: As of December 31, 2025, the company held $27,050,906 in cash and marketable securities in trust, a decrease from $61,089,076 as of December 31, 2024.
-   **Ordinary Shares Subject to Possible Redemption**: The value of ordinary shares subject to possible redemption was $27,050,906 as of December 31, 2025, compared to $61,089,076 as of December 31, 2024.
-   **Redemption of Ordinary Shares (2025)**: In 2025, 3,464,179 ordinary shares were redeemed for an aggregate of $36,650,157 at approximately $10.58 per share.
-   **Working Capital**: As of December 31, 2025, YHN Acquisition I Limited had a working capital deficit of - $692,191.

#### Outlook / Guidance

YHN Acquisition I Limited has extended its business combination deadline to June 19, 2026, by depositing $150,000 for each three-month extension. The company faces substantial doubt about its ability to continue as a going concern if a business combination is not completed by this extended deadline. Should it be unsuccessful, the company will liquidate, potentially distributing less than $10.05 per share to public shareholders due to creditor claims.

### Related Stocks

- [YHNA.US](https://longbridge.com/en/quote/YHNA.US.md)

## Related News & Research

- [Centurion Acquisition postpones shareholder meeting to June 12, extends redemption deadline to June 10](https://longbridge.com/en/news/288894332.md)
- [Five Below Down 12% Post Earnings—Is the Selloff Overdone?](https://longbridge.com/en/news/288871469.md)
- [Lululemon Stock Crashes 12% Despite Strong China Growth — What Went Wrong?](https://longbridge.com/en/news/288849739.md)
- [America's Car-Mart Secures Lender Forbearance on Credit Agreement Through June 12](https://longbridge.com/en/news/288908365.md)
- [Owlet delays 2026 annual meeting to Aug. 12, sets June 15 record and proposal deadlines](https://longbridge.com/en/news/288905869.md)