Company: BSAAR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075690
Chunk: 55

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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BEST SPAC I ACQUISITION
CORP.

UNAUDITED CONDENSED BALANCE SHEETS

AS OF JUNE 30, 2025 AND DECEMBER 31, 2024 

June 30, 2025  
December 31, 2024 

(Unaudited)  
(Audited) 

Assets 

Current assets 

 Cash  $1,774,995   $—  
 Prepaid expenses   117,197    15,000  
 Total current assets   1,892,192    15,000  

 Deferred offering costs   —    12,500  
 Investments held in Trust Account   55,087,764    —  
 Total Assets  $56,979,956   $27,500  

Liabilities, Ordinary Shares Subject to Redemption and Shareholders’ Equity 

Current liabilities 

 Accounts payable and accrued expenses  $54,080   $3,000  
 Due to a related party   —    2,500  
 Over-allotment option liability   74,829    —  
 Promissory note - related party   79,122    —  
 Total current liabilities   208,031    5,500  

 Commitments and Contingencies (Note 6)           

 Class A ordinary shares, no par value; 100,000,000 shares     authorized; 5,500,000 shares subject to possible redemption as of June 30, 2025 and December 31, 2024   52,499,221    —  

Shareholders’ Equity: 

 Preference shares, no par value; 1,000,000 shares     authorized; none issued and outstanding as of June 30, 2025 and December 31, 2024   —    —  
 Class A ordinary shares, no par value; 100,000,000 shares     authorized; 524,500 shares issued and outstanding (excluding 5,500,000 shares subject to possible redemption) as of June 30, 2025     and December 31, 2024   —    —  
 Class     B ordinary shares, no par value; 10