YHN Acquisition I Ltd Approves Charter and Trust Extension to June 2027

What Happened

• YHN Acquisition I Ltd (YHNA) announced that shareholders at the September 14, 2026 annual meeting approved both a Charter Amendment and a Trust Amendment to permit the company to extend its SPAC deadline. The board now has discretion to extend the date to complete a business combination from September 19, 2026 (24 months after IPO) up to June 19, 2027 (33 months) by approving up to three additional three-month extensions.
• The company filed the fifth amended and restated memorandum and articles of association on September 15, 2026 and executed Amendment No. 2 to its investment management trust agreement with Continental Stock Transfer & Trust Company. On September 14, 2026 YHNA deposited $100,000 into the trust to extend the available time to complete a business combination from September 19, 2026 to December 19, 2026.

Key Details

• Shareholder vote: 4,285,821 shares were entitled to vote; 4,028,193 shares (93.99%) were represented at the meeting.
• Voting results (both Charter and Trust amendments): FOR 3,640,826; AGAINST 387,367; ABSTAIN 0.
• Redemptions: 1,822,960 ordinary shares were tendered for redemption; after redemptions the trust balance is approximately $7,882,708.91.
• Extension mechanics: each three-month trust extension requires an aggregate $100,000 deposit; the Trust Amendment allows up to three such extensions, taking the latest possible trust liquidation date to June 19, 2027.

Why It Matters

• For investors, these approvals mean YHNA has secured board authority and a contractual mechanism to delay liquidation and give itself more time to find and close a business combination (merger/acquisition). The immediate $100,000 deposit extends the deadline to December 19, 2026.
• However, a large number of shareholders redeemed (1,822,960 shares), leaving about $7.88M in the trust — a material decrease in available trust funds. Additional three-month extensions will require further $100,000 deposits each period. Investors should note the extended timeline and reduced trust balance when assessing the company's prospects and potential outcomes.