Company: BSAAR
Filing Date: 2025-03-28
Form Type: S-1
Source: 0001013762-25-004269
Chunk: 196

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-03-28
Form: S-1
Chunk 196
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 of process must be made under those rules, which requires all service of process to be made through the Central Authority, which is known for rejecting requests for service which does not accurately and completely state all information required. China does not allow for service of process through the mail or through other informal methods. Because of the cumbersome process associated with service of process in Hong Kong and mainland China, it can take months or even years for service of process to be completed, and effecting such process can be costly and add significant delay to any action that is attempted to be brought against residents or Honk Kong or mainland China. In addition, to enforce a foreign judgment in Hong Kong, you will be required to apply to the Hong Kong High Court to enforce a foreign judgment for which you will be required to engage a local counsel to facilitate or prepare the application, together with its various supporting documents. You will then be required to go through the standard litigation process to sue on the judgment as a debt. In addition, a judgment of a United States court for civil liabilities predicated upon the federal securities laws of the United States may also not be enforceable in or recognized by the courts of the jurisdictions where our directors and officers reside. As such, it may be difficult for you to enforce judgments obtained in U.S. courts based on the civil liability provisions of the U.S. federal securities laws against us and our officers and directors. As a result of the foregoing, public shareholders may have more difficulty in protecting their interests in the face of actions taken against the management, members of the board of directors or controlling shareholders than they would as public shareholders of a United States -basedcompany. 110

USE OF PROCEEDS We are offering 5,500,000 units at an offering price of $10.00 per unit. We estimate that the net proceeds of this offering together with the funds we will receive from the sale of the private placement units will be used as set forth in the following table.

| Gross proceeds                                                                 |     | Without        
 Over-Allotment 
 Option         |            |   |     | Over-Allotment 
 Option         
 Exercised      |            |   |
|:-------------------------------------------------------------------------------|:----|:---------------|-----------:|:--|:----|:---------------|-----------:|:--|
| Gross proceeds from units offered to public(1)                                 |     | $              | 55,000,000 |   |     | $              | 63,250,000 |   |
| Gross proceeds