Company: BSAAR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075690
Chunk: 58

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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 on Trust Account) 
 —  
 —  
 —  
 —  
 (87,764) 
 —  
 (87,764)

Accretion of carrying value of ordinary shares subject to possible redemption to redemption value 
 —  
 —  
 —  
 —  
 (106,174) 
 —  
 (106,174)

Net loss 
 —  
 —  
 —  
 —  
 —  
 (5,791) 
 (5,791)

Balance as of June 30, 2025  (Unaudited) 
 524,500  
$—  
 1,375,000  
$—  
$4,322,163  
$(49,459) 
$4,272,704 

(1)
Class B ordinary shares have been retroactively restated to reflect
the Sponsor’s forfeiture of 206,250 Founder Shares on July 30, 2025 for no consideration as the underwriters of the IPO did not
exercise the over-allotment option (see Note 5).

The accompanying notes are an integral part of
the unaudited condensed financial statements.

3

BEST SPAC I ACQUISITION CORP.

UNAUDITED CONDENSED STATEMENT OF CASH
FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2025

For the  Six Months Ended June 30,  2025 

Cash Flows from Operating Activities: 
   
 Net loss  $(46,459) 

Adjustment to reconcile net loss to net cash used in operating activities: 
   
 Interest earned on investments held in Trust Account   (87,764) 

Changes in operating assets and liabilities: 
   
 Prepaid expenses   (102,197) 
 Accounts payable and accrued expenses   39,067  
 Net Cash Used in Operating Activities   (197,353) 

Cash Flows from Investing Activities: 
   
 Purchase of investments held in Trust Account   (55,000,000) 
 Net Cash Used in Investing Activities   (55,000,000) 

Cash Flows from Financing Activities: 
   
 Proceeds from sale of public units   55,000,000  
 Proceeds from sale of private placement units   2