Company: BSAAR
Filing Date: 2025-05-27
Form Type: S-1/A
Source: 0001213900-25-047458
Chunk: 344

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-05-27
Form: S-1/A
Chunk 344
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 commencement of sales of this offering except as permitted under FINRA Rule 5110(e)(2), including to any underwriter and selected dealer participating in the offering and their officers or partners, registered persons or affiliates. These securities have resale registration rights including three demand (one at our expense and two at Maxim’s expense) and unlimited “piggy -back” rights for five and seven years, respectively, from the commencement of sales of this offering. Right of First Refusal Subject to certain conditions, we granted Maxim, for a period beginning on the closing of this offering and ending 12 months after the date of the consummation of our business combination, a right of first refusal to act as sole underwriter and sole book running manager, or sole placement agent, for any and all future private or public equity, equity -linked, convertible and debt offerings during such 12 months period of us, or any successor to or any subsidiary of our company, provided that such offerings involve an entity that holds a U.S. broker -dealerlicense. For the avoidance of doubt, this right of first refusal shall not apply to any transaction that does not involve an entity with a U.S. broker -dealerlicense. For the sake of clarity, this right of refusal shall encompass the time period leading up to the closing of the business combination while the Company is still a Special Purpose Acquisition Company. Notwithstanding the foregoing, if a target company — in connection with a business combination — sources a PIPE (as defined in section 8 of the underwriting agreement), the aforementioned right of first refusal shall not apply in such a limited instance. In accordance with FINRA Rule 5110(g)(6), such right of first refusal shall not have a duration of more than three years from the commencement of sales of this offering. Tail Fee If, within twelve (12) months following the closing of this offering, we complete any financing of equity, equity -linked, convertible or debt securities, or other capital raising activity (other than the exercise by any person or entity of any options, rights or other convertible securities) with any investor that Maxim introduced, those who invested, or those to whom Maxim sent a prospectus in connection with this offering, then we will pay to Maxim 5.5% of the gross proceeds received from such investors upon the closing of such offering. Price Stabilization, Short Position In connection with the offering, the underwriters may purchase and sell units in the open market. The underwriters have advised us that, in accordance with Regulation M