Company: BSAAR
Filing Date: 2025-09-26
Form Type: 8-K
Source: 0001493152-25-015071
Chunk: 2

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-09-26
Form: 8-K
Item: Item 1.01
Chunk 2
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DE; (i) consents; (j) financial information; (k) books and records, and accuracy, completeness
and authenticity of contracts, documents and other papers; (l) absence of certain changes or events; (m) title to assets and properties;
(n) material litigations; (o) material contracts; (p) licenses and permits; (q) cybersecurity and compliance with laws; (r) ownership
of intellectual property; (s) suppliers; (t) accounts receivable and payable and loans; (u) no pre-payments, (v) employees; (w) employment
matters; (x) real property; (y) tax matters; (z) environmental matters; (aa) finders’ fees; (bb) powers of attorney and suretyships;
(cc) directors and officers; (dd) certain business practices; (ee) compliance with sanctions and anti-money laundering laws; (ff) that
HDE is not an investment company; (gg) related party agreements; (hh) no governmental contracts; (ii) insurance policies; and (jj) other
information.

In
the Merger Agreement, Parent, Purchaser and Merger Sub (collectively, the “ Purchaser Parties”) make certain representations
and warranties relating to, among other things: (a) proper corporate existence and power; (b) authorization, execution, delivery and
enforceability of the Merger Agreement, each Additional Agreement to which it is a party; (c) no need for governmental authorization
for the execution, delivery or performance of the Merger Agreement and each Additional Agreement; (d) absence of conflicts; (e) finders’
fees; (f) issuance of shares; (g) capital structure; (h) information supplied; (i) trust account; (j) Nasdaq Stock Market listing; (k)
board approval; (l) SEC filing requirements and financial statements; (m) litigation; (n) compliance with laws; (o) compliance with anti-money
laundering laws; (p) that the Company is not an investment company; and (q) tax matters.

Conduct
Prior to Closing; Covenants Pending Closing

Each
of the Target Group and Purchaser Parties has agreed to, and cause its subsidiaries to, operate its respective business in the ordinary
course, consistent with past practices, prior to the closing of the transactions (with certain exceptions) and not to take certain