Company: BSAAR
Filing Date: 2025-06-17
Form Type: 8-K
Source: 0001213900-25-054913
Chunk: 2

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-06-17
Form: 8-K
Item: Item 3.02
Chunk 2
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Item 3.02. Unregistered Sales of Equity Securities.

Simultaneously with the closing of the IPO, the
Company consummated the private placement (“ Private Placement”) with BEST SPAC I (Holdings) Corp., the Company’s sponsor
(the “ Sponsor”), of 277,000 private units (the “ Private Units”) at a price of $10.00 per Private Unit, generating
total proceeds of $2,770,000.

The Private Units are identical to the Units sold
in the IPO. Additionally, the Sponsor agreed not to transfer, assign or sell any of the Private Units or underlying securities (except
in limited circumstances, as described in the Registration Statement) until the completion of the Company’s initial business combination.
The Sponsor was granted certain demand and piggyback registration rights in connection with the purchase of the Private Units.

The Private Units were issued pursuant to Section 4(a)(2) of
the Securities Act of 1933, as amended, as the transactions did not involve a public offering.

Item 5.03. Amendments to Certificate of
Incorporation or Bylaws; Change in Fiscal Year.

On June 12, 2025, in connection with the IPO,
the Company filed its Amended and Restated Memorandum and Articles of Association, as described in the Registration Statement, with the
Registry of Corporate Affairs of British Virgin Islands.

Item 8.01. Other Events.