YHN Acquisition I Ltd: Nasdaq to delist securities

What happened YHN Acquisition I Ltd reported that, on Oct 21, 2026, the Listing Qualifications Department of The Nasdaq Stock Market LLC notified the company that it had determined to delist the company’s units, ordinary shares and rights after the company did not regain compliance with Nasdaq listing rules by Oct 14, 2026. The company said it received initial written notices on Apr 17, 2026, and that trading in the securities is expected to be suspended at the opening of business on Oct 30, 2026, followed by Nasdaq filing a Form 25-NSE to remove the securities from listing and registration under Section 12(b) of the Securities Exchange Act of 1934.

Key details

• Nasdaq notified the company that, for 30 consecutive trading days, the market value of the company’s publicly held shares was below $15,000,000 (Nasdaq Listing Rule 5450(b)(2)(C)) and the market value of listed securities was below $50,000,000 (Nasdaq Listing Rule 5450(b)(2)(A)).
• The company was given a 180 calendar day compliance period ending Oct 14, 2026.
• Nasdaq’s Staff Determination set an appeal deadline of 4:00 p.m. Eastern Time on Oct 28, 2026; the company’s board decided not to appeal and not to apply to transfer the listing to The Nasdaq Capital Market.
• The company intends to apply to have the securities quoted on the OTC Markets, which requires a market maker to file a Form 211 and FINRA to clear that filing; the filing states there is no assurance those steps will occur or that an active trading market will develop.

Why it may matter This Item 3.01 filing reports a notice of delisting or failure to satisfy a continued listing rule or standard and covers Nasdaq’s determination to delist and the company’s intended steps after suspension, including possible OTC Markets quotation. A filing does not show why the insider traded or why the company acted.