Company: BSAAR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075690
Chunk: 84

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 84
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   Quoted Prices in Active Markets   Significant Other Observable Inputs   Significant Other  Unobservable Inputs      2025   (Level 1)   (Level 2)   (Level 3)   Assets                  Investments held in Trust Account  $55,087,764   $55,087,764    —    —         As of June 30, 2025   Significant Other Unobservable Inputs (Level 3)   Liabilities:          Over-allotment option liabilities  $74,829   $74,829    17  The over-allotment option was accounted for as a liability in accordance with ASC 815-40 and was presented within liabilities on the balance sheet. The over-allotment liability is measured at fair value at inception and on a recurring basis, with changes in fair value presented within change in fair value of over-allotment liabilities in the statement of operations. The Company used a Black-Scholes model to value the over-allotment option. The over-allotment option liability was classified within Level 3 of the fair value hierarchy at the measurement dates due to the use of unobservable inputs. Inherent in pricing models are assumptions related to expected share-price volatility, expected life and risk-free interest rate. The Company estimates the volatility of its ordinary share based on historical volatility that matches the expected remaining life of the option. The risk-free interest rate is based on the U.S. Treasury zero-coupon yield curve on the grant date for a maturity similar to the expected remaining life of the option. The expected life of the option is assumed to be equivalent to their remaining contractual term. The key inputs into the Black-Scholes model were as follows at initial measurement of the over-allotment option:    Input  As of June 30, 2025   Risk-free interest rate   4.06%   Expected term (years)   0.12    Expected volatility   4.6%   Exercise price  $10.0    Fair value of over-allotment unit  $0.097    The following table provides a summary of the changes in the fair value of the Company’s Level 3 financial instruments that are measured at fair value on a recurring basis:      Over- allotment Liability   Initial measurement of over-all