Company: BSAAR
Filing Date: 2025-03-28
Form Type: S-1
Source: 0001013762-25-004269
Chunk: 61

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-03-28
Form: S-1
Chunk 61
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 its rights in order to receive the one-tenth (1/10) of one Class A ordinary share underlying each right upon consummation of the business combination. If we are unable to complete an initial business combination within the required time period and we redeem the public shares for the funds held in the trust account, holders of rights will not receive any of such funds for their rights and the rights will expire worthless. |
| Election of directors; voting rights                                        |     |                                                                                                                                                                                                                                                                                                                                                                                                                    Prior to our initial business combination, only holders of our founder shares will have the right to vote on the election of directors. Holders of our public shares will not be entitled to vote on the election of directors during such time. These provisions of our amended and restated memorandum and articles of association may only be amended by a resolution passed by holders of at least a majority of ordinary shares of that class that have voted and are entitled to vote thereon. With respect to any other matter submitted to a vote of our shareholders, including any vote in connection with our initial business combination, except as required by law, holders of our founder shares, Representative’s Shares, and holders of our public shares will vote together as a single class, with each share entitling the holder to one vote. |

____________ (1)Assumes no exercise of the underwriters’ over -allotmentoption and the forfeiture by our sponsor of 206,250 founder shares. (2)Consists solely of founder shares and includes up to 206,250 Class B ordinary shares that are subject to forfeiture by our sponsor depending on the extent to which the underwriters’ over -allotmentoption is exercised. (3)Includes 5,500,000 public shares, 1,375,000 Class B ordinary shares, 280,000 private placement shares underlying the private placement units and 247,500 Class A ordinary shares to be issued to Maxim and/or its designees. (4)Founder shares are classified as Class B ordinary shares, which shares will convert into Class A ordinary shares on a one -for -onebasis, subject to adjustment as described below adjacent to the caption “ Founder shares conversion and anti -dilution.”

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| Founder shares |     | On December 13, 2024, we issued to our sponsor 1,581,250 founder shares for an aggregate purchase price of $25,000, or approximately $0.016 per share. Our sponsor intends to transfer an aggregate of 80,000 of its founder