Company: BSAAR
Filing Date: 2025-03-28
Form Type: S-1
Source: 0001013762-25-004269
Chunk: 20

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-03-28
Form: S-1
Chunk 20
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 restated memorandum and articles of association. Our shareholders can also vote at any time to amend our amended and restated memorandum and articles of association to modify the amount of time we will have to complete an initial business combination, in which case our public shareholders will be offered an opportunity to redeem their public shares; • “Companies Act” and the “Insolvency Act” are to the BVI Business Companies Act, 2004 and the Insolvency Act, 2003 of the British Virgin Islands, respectively and in each case as amended; • “founder shares” are to our Class B ordinary shares, with no par value, held by our initial shareholder and, unless the context otherwise requires, the term also includes our Class A ordinary shares issued upon the conversion thereof as provided herein; • “initial shareholder” is our sponsor, BEST SPAC I (Holdings) Corp., a BVI business company with limited liability; • “letter agreement” refers to the letter agreement by and among our company, Maxim (and its designees), our sponsor and our officers and directors, the form of which is filed as an exhibit to the registration statement of which this prospectus forms a part; • “management” or our “management team” are to our officers and directors; • “ordinary shares” are to our Class A ordinary shares and our Class B ordinary shares; • “permitted transferees” shall mean any of the following to whom an initial shareholder may transfer ordinary shares: the initial shareholder’s affiliates, child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother -in -law , father -in -law , son -in -law , daughter -in -law , brother -in -law , or sister -in -law , including adoptive relationships, any person sharing the initial shareholder’s household (other than a tenant or employee), a trust in which these persons have more than fifty percent of the beneficial interest, a foundation in which these persons control the management of assets, and any other entity in which these persons own more than fifty percent of the voting interests. Upon the death of the initial shareholder (if the shareholder is an individual), the term “permitted transferees” shall also include such deceased initial shareholder’s estate, executors, administrators, personal representatives, heirs, legatees and distributees, as the case may be. • “private placement rights” are to the rights included in the private placement units being purchased