Company: BSAAR
Filing Date: 2025-01-10
Form Type: DRS
Source: 0001213900-25-002596
Chunk: 20

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-01-10
Form: DRS
Chunk 20
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 our “management team” are to our officers and directors; • “ordinary shares” are to our Class A ordinary shares and our Class B ordinary shares; • “permitted transferees” shall mean any of the following to whom an initial shareholder may transfer ordinary shares: the initial shareholder’s affiliates, child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother -in -law , father -in -law , son -in -law , daughter -in -law , brother -in -law , or sister -in -law , including adoptive relationships, any person sharing the initial shareholder’s household (other than a tenant or employee), a trust in which these persons have more than fifty percent of the beneficial interest, a foundation in which these persons control the management of assets, and any other entity in which these persons own more than fifty percent of the voting interests. Upon the death of the initial shareholder (if the shareholder is an individual) , the term “permitted transferees” shall also include such deceased initial shareholder’s estate, executors, administrators, personal representatives, heirs, legatees and distributees, as the case may be. • “private placement rights” are to the rights included in the private placement units being purchased by our sponsor in the private placement; • “private placement shares” are to the Class A ordinary shares included in the private placement units being purchased by our sponsor in the private placement; 1 • “private placement units” are to the units issued to our sponsor in a private placement simultaneously with the closing of this offering; • “public rights” are to the rights sold as part of the units in this offering (whether they are subscribed for in this offering or in the open market); • “public shareholders” are to the holders of our public shares; • “public shares” are to our Class A ordinary shares, with no par value, offered as part of the units in this offering (whether they are subscribed for in this offering or thereafter in the open market); • “rights” are to our rights, which include the public rights as well as the private placement rights to the extent they are no longer held by the initial purchasers of the private placement rights or their permitted transferees; • “sponsor” is to BEST SPAC I (Holdings) Corp., a British Virgin Island business company with limited liability , with the persons indicated on page 1 68 owning interests in our sponsor; and