YHN Acquisition I Limited filed a current report on Form 8-K on October 26, 2026, disclosing that the company received a Staff Determination from Nasdaq on October 21, 2026, notifying it of the decision to delist its units, ordinary shares, and rights from The Nasdaq Global Market effective at the opening of business on October 30, 2026.

Key Highlights

  • Delisting notice received: The company received a written Staff Determination from Nasdaq on October 21, 2026, citing failure to regain compliance with two continued listing rules by the October 14, 2026 deadline.
  • Two rules at issue: The company did not meet the minimum market value of publicly held shares of $15,000,000 (Nasdaq Listing Rule 5450(b)(2)(C)) or the minimum market value of listed securities of $50,000,000 (Nasdaq Listing Rule 5450(b)(2)(A)).
  • No appeal, no transfer: The company's board of directors determined not to appeal the Staff Determination and not to apply to transfer the listing to The Nasdaq Capital Market.
  • Trading suspension expected October 30, 2026: Trading in the units, ordinary shares, and rights on Nasdaq is expected to be suspended at the opening of business on October 30, 2026.
  • OTC Markets intended: The company stated it intends to apply to have the securities quoted on the OTC Markets following the suspension of trading on Nasdaq.
  • Trust account rights unchanged: According to the filing, the delisting does not affect the rights of holders of public ordinary shares to receive their pro rata portion of funds held in the trust account established in connection with the company's initial public offering.

YHN Acquisition I Declines to Contest Nasdaq Delisting Decision

According to the filing, YHN Acquisition I Limited (NASDAQ:YHNA) had previously received two written notices from Nasdaq's Listing Qualifications Department on April 17, 2026. Those notices stated that, for the previous 30 consecutive trading days, the market value of the company's publicly held shares had been below the $15,000,000 minimum required under Nasdaq Listing Rule 5450(b)(2)(C), and the market value of its listed securities had been below the $50,000,000 minimum required under Nasdaq Listing Rule 5450(b)(2)(A). The company was given 180 calendar days, or until October 14, 2026, to regain compliance with both rules.

The filing discloses that on October 21, 2026, Nasdaq notified the company that it had not regained compliance by the October 14, 2026 deadline, and that Nasdaq's Staff had accordingly determined to delist the company's units, ordinary shares, and rights from The Nasdaq Global Market. The Staff Determination stated that unless the company requested a hearing before a Nasdaq Hearings Panel by 4:00 p.m. Eastern Time on October 28, 2026, trading in the securities would be suspended at the opening of business on October 30, 2026, and a Form 25-NSE would be filed with the SEC to remove the securities from listing and registration.

The filing states that the company's board of directors, after consideration, determined not to appeal and not to seek a transfer to The Nasdaq Capital Market. The company disclosed its intention to apply for quotation on the OTC Markets, while noting that there can be no assurance that a market maker will file a Form 211 with FINRA, that such filing will be cleared, or that the securities will become eligible for quotation or sustain an active trading market. The company also stated that it intends to continue filing periodic and other reports with the SEC and to pursue a business combination. The filing includes forward-looking statements that the company cautions are subject to risks and uncertainties.

What Was Disclosed

YHN Acquisition I Limited disclosed in an October 26, 2026 filing that Nasdaq determined to delist its securities effective October 30, 2026, after the company failed to meet two market value listing standards, and that the board elected not to appeal or seek a market transfer.