What changed in this filing

/stocks — the workspaceLOADING

Item 5. Market for Registrant’s Common Equity

2026-03-31 compared with 2025-03-20 · 48 added, 42 removed, 11 unchanged (89% of the section changed)

REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Units, Ordinary Shares and Rights trade on The Nasdaq Global Market under the symbols “YHNAU,” “YHNA” and “YHNAR”

respectively.

As of March 18, 2025, there were 7,750,000 ordinary shares outstanding.

There were also 2 holders of record of our Units, 2 holders of record of our ordinary shares, 1 holder of record of our Rights.

(a) Market Information

Our Units, Ordinary Shares

and Rights trade on The Nasdaq Global Market under the symbols “YHNAU,” “YHNA” and “YHNAR” respectively.

As of March 9, 2026,

there were 4,285,821 ordinary shares outstanding.

There were also 2 holders of record of our Units, 13 holders of record of our ordinary

shares, 1 holder of record of our Rights.

have not paid any cash dividends on our ordinary shares to date and do not intend to pay cash dividends prior to the completion of a

Business Combination.

The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements

and general financial conditions subsequent to completion of a Business Combination.

The payment of any cash dividends subsequent to

a Business Combination will be within the discretion of our board of directors at such time.

Further, if we incur any indebtedness, our

ability to declare dividends may be limited by restrictive covenants we may agree to in connection therewith.

(d) Securities

Authorized for Issuance Under Equity Compensation Plans

Sales of Unregistered Securities;

We have not paid any

cash dividends on our ordinary shares to date and do not intend to pay cash dividends prior to the completion of a Business Combination.

The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general

financial conditions subsequent to completion of a Business Combination.

The payment of any cash dividends subsequent to a Business Combination

will be within the discretion of our board of directors at such time.

Further, if we incur any indebtedness, our ability to declare dividends

may be limited by restrictive covenants we may agree to in connection therewith.

(d) Securities Authorized

for Issuance Under Equity Compensation Plans

(e) Recent Sales of

Unregistered Securities;

Use of Proceeds from Registered Offerings

December 2023 and April 2024, the Company issued an aggregate of 1,725,000 insider shares to the initial shareholders in exchange for

cash of $25,000.

In November 2024, the underwriter did not exercise their 45-day option to purchase 900,000 Units, therefore 225,000

founder shares are forfeited in February 2025.

Our initial shareholders have agreed not to transfer, assign or sell any of the insider

shares (except to certain permitted transferees) until 180 days after the completion of our initial business combination, Notwithstanding

the foregoing, the insider shares will be released from the 180-day lock-up on the earlier of (1) 150 days after the date of the consummation

of our initial business combination if the closing price of our ordinary shares equals or exceeds $12.00 per share (as adjusted for share

splits, share capitalizations, reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing

after our initial business combination or (2) after the date of the consummation of our initial business combination, and subsequently,

we consummate a liquidation, merger, share exchange or other similar transaction which results in all of our shareholders having the

right to exchange their ordinary shares for cash, securities or other property.

September 19, 2024, the Company consummated the IPO of 6,000,000 units (the “Units).

Each Unit consists of one ordinary share (“Ordinary

Share”) and one right to receive one-tenth (1/10) of one Ordinary Share upon the consummation of an initial business combination.

The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $60,000,000.

As of September 19, 2024, a total

of $60,300,000 of the net proceeds from the IPO and the Private Placement (as defined below) were deposited in a trust account established

for the benefit of the Company’s public shareholders.

Simultaneously

with the closing of the IPO, the Company consummated the private placement (“Private Placement”) with its sponsor of 250,000

units (the “Private Units”) at a price of $10.00 per Private Unit, generating total proceeds of $2,500,000.

The Private Units

are identical to the Units sold in the IPO except with respect to certain registration rights and transfer restrictions.

Additionally,

our sponsor has also agreed not to transfer, assign or sell any of Private Units (including the ordinary shares issuable upon exercise

of the Private Units) until 180 days after the completion of our initial business combination (except with respect to permitted transferees).

In December 2023 and

April 2024, the Company issued an aggregate of 1,725,000 insider shares to the initial shareholders in exchange for cash of $25,000.

November 2024, the underwriter did not exercise their 45-day option to purchase 900,000 Units, therefore 225,000 founder shares are forfeited

in February 2025.

Our initial shareholders have agreed not to transfer, assign or sell any of the insider shares (except to certain permitted

transferees) until 180 days after the completion of our initial business combination, Notwithstanding the foregoing, the insider shares

will be released from the 180-day lock-up on the earlier of (1) 150 days after the date of the consummation of our initial business combination

if the closing price of our ordinary shares equals or exceeds $12.00 per share (as adjusted for share splits, share capitalizations, reorganizations

and recapitalizations) for any 20 trading days within any 30-trading day period commencing after our initial business combination or (2)

after the date of the consummation of our initial business combination, and subsequently, we consummate a liquidation, merger, share exchange

or other similar transaction which results in all of our shareholders having the right to exchange their ordinary shares for cash, securities

or other property.

On September 19, 2024,

the Company consummated the IPO of 6,000,000 units (the “Units).

Each Unit consists of one ordinary share (“Ordinary Share”)

and one right to receive one-tenth (1/10) of one Ordinary Share upon the consummation of an initial business combination.

The Units were

sold at an offering price of $10.00 per Unit, generating gross proceeds of $60,000,000.

As of September 19, 2024, a total of $60,300,000

of the net proceeds from the IPO and the Private Placement (as defined below) were deposited in a trust account established for the benefit

of the Company’s public shareholders.

Simultaneously with the

closing of the IPO, the Company consummated the private placement (“Private Placement”) with its sponsor of 250,000 units

(the “Private Units”) at a price of $10.00 per Private Unit, generating total proceeds of $2,500,000.

The Private Units are

identical to the Units sold in the IPO except with respect to certain registration rights and transfer restrictions.

Additionally, our

sponsor has also agreed not to transfer, assign or sell any of Private Units (including the ordinary shares issuable upon exercise of

the Private Units) until 180 days after the completion of our initial business combination (except with respect to permitted transferees).

Any permitted transferees will be subject to the same restrictions and other agreements of our initial shareholders with respect to any

7 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity