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YHN Acquisition I (NASDAQ: YHNA) announced that starting November 8, 2024, holders of units from its September 19, 2024 IPO can separately trade ordinary shares and rights on Nasdaq. The separated components will trade under symbols YHNA (ordinary shares) and YHNAR (rights), while unseparated units continue trading as YHNAU. Unit holders must contact Continental Stock Transfer & Trust Company through their brokers to separate units. The initial offering was underwritten with Lucid Capital Markets, as sole book-running manager, following SEC effectiveness on September 17, 2024.
YHN Acquisition I announced the closing of its initial public offering, raising $60 million by selling 6,000,000 units at $10.00 per unit. The units, trading under the symbol "YHNAU" on Nasdaq, comprise one ordinary share and one right to receive one-tenth of an ordinary share upon business combination. Once trading separately, the shares and rights will use symbols "YHNA" and "YHNAR" respectively.
As a blank check company, YHN Acquisition I aims to merge or acquire businesses, without specific industry or geographic focus. Led by CEO Satoshi Tominaga, the company has not yet selected a target. Lucid Capital Markets, is the sole book-runner, with a 45-day option to purchase up to 900,000 additional units to cover over-allotments.
YHN Acquisition I has announced the pricing of its initial public offering (IPO) of 6,000,000 units at $10.00 per unit, totaling $60,000,000. The units, trading under the symbol YHNAU, will be listed on the Nasdaq Global Market starting September 18, 2024. Each unit comprises one ordinary share and one right to receive one-tenth of an ordinary share upon completing an initial business combination.
The company, led by CEO Satoshi Tominaga, is a blank check company aiming to merge or acquire businesses in any industry or location. Lucid Capital Markets, is the sole book-running manager for the offering, which is expected to close on September 19, 2024. The underwriters have a 45-day option to purchase up to 900,000 additional units to cover over-allotments.
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