Company: BSAAR
Filing Date: 2025-05-27
Form Type: S-1/A
Source: 0001213900-25-047458
Chunk: 246

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-05-27
Form: S-1/A
Chunk 246
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 target with a subsidiary of the company                    |     | No          |
| Merger of the company with a target                                  |     | Yes         |
| Entering into contractual agreements with a target to obtain control |     | No          |

Additionally, under Nasdaq’s listing rules, shareholder approval would be required for our initial business combination if, for example: •we issue ordinary shares that will be equal to or in excess of 20% of the number of ordinary shares then outstanding (other than in a public offering); •any of our directors, officers or substantial shareholders (as defined by Nasdaq rules) has a 5% or greater interest (or such persons collectively have a 10% or greater interest), directly or indirectly, in the target business or assets to be acquired or otherwise and the present or potential issuance of ordinary shares could result in an increase in outstanding ordinary shares or voting power of 5% or more; or •the issuance or potential issuance of ordinary shares will result in our undergoing a change of control. We also may be required to obtain shareholder approval if we wish to take certain actions in connection with our initial business combination such as amending our amended and restated memorandum and articles of association. So long as we obtain and maintain a listing of our securities on Nasdaq, we will be required to comply with such rules. Redemption rights for public shareholders upon consummation of our initial business combination We will provide our public shareholders with the opportunity to redeem all or a portion their shares upon the consummation of our initial business combination at a per -shareprice, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest (net of taxes payable), divided by the number of then outstanding public shares, subject to the limitations described herein. The amount in the trust account is initially anticipated to be $10.00 per share, whether or not the underwriters’ over -allotmentoption is exercised in full. Our initial shareholder have agreed to waive their right to receive liquidating distributions if we fail to consummate our initial business combination within the requisite time period. However, if our initial shareholder or any of our officers, directors or affiliates acquires public shares in or after this offering, they will be entitled to receive liquidating distributions with respect to such public shares if we fail to consummate our initial business combination within the required time period.

145 Manner of Conducting Redemptions We will provide our public shareholders with the opportunity to redeem all or a portion of their public shares