Company: BSAAR
Filing Date: 2025-01-10
Form Type: DRS
Source: 0001213900-25-002596
Chunk: 232

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-01-10
Form: DRS
Chunk 232
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. Despite these activities, our officers and directors will maintain their existing fiduciary duty to us, and we will retain priority over any subsequent SPACs or ventures they may join. For a description of risks associated with compensation and material conflicts of interests of our sponsor, its affiliates, or promoters, see “Summary — Compensation,” “Summary — Potential Conflicts,” ”Summary — The Offering — Founder Shares,” “Summary — The Offering — Founder Share Conversion and Anti -Dilution Rights,” “Limited Payments to Insiders,” “Summary — The Offering — Conflicts of Interest,” “ Principal Shareholders ,” “ Risk Factors — Risks Relating to our Sponsor, Management and Director Team ” on page 66, “ Risk Factors — Risks Relating to our Search for, and Consummation of or Inability to Consummate, a Business Combination, ” on page 43, “ Risk Factors — Risks Related to Our Securities and This Offering, ” on page 73, “ Management — Directors and Officers ,” “ Management — Conflicts of Interest, ” “Potential Conflicts,” “The Offering — Conflicts of Interest” “ Certain Relationships and Related Party Transactions, ” “ Proposed Business — Other Acquisition Considerations ;”and “ British Virgin Islands Company Considerations — Directors and Conflicts of Interest ”for further information . Chinese Laws and Regulations We conduct our operations through our principal executive office in Hong Kong and our sponsor and its affiliate(s) as well as certain of our current executive officers and directors are located in or have significant ties to the People’s Republic of China and/or Hong Kong (collectively, the “PRC” or “China”). Because we are based in Hong Kong, we face various legal and operational risks and uncertainties associated with doing business in China that are described in further detail below. In addition, although we do not have any specific business combination under consideration and we have not, directly or indirectly, contacted any prospective target business or had any substantive discussions, formal or otherwise, with respect to such a transaction, we may pursue or consummate an initial business combination with a company located or doing business in the PRC. If our target company is a PRC company, the combined company may face various legal and operational risks and uncertainties after the business combination, including, without limitation, regulatory review of overseas listing of PRC companies, restrictions on foreign ownership in certain industries, regulatory changes in the variable interest entity (the “VIE”) structure, including the validity and enforcement of the agreements in connection with such a