Company: BSAAR
Filing Date: 2025-05-27
Form Type: S-1/A
Source: 0001213900-25-047458
Chunk: 402

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-05-27
Form: S-1/A
Chunk 402
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BEST SPAC I ACQUISITION CORP.
NOTES TO FINANCIAL STATEMENTS Note 8 — Segment Information (cont.) The CODM assesses performance for the single segment and decides how to allocate resources based on net income or loss that also is reported on the statement of operations as net income or loss. The measure of segment assets is reported on the balance sheet as total assets. When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews several key metrics included in net income or loss and total assets, which include the following:

|                         |     | December 31, 
 2024         |        |
|:------------------------|:----|:-------------|-------:|
| Prepaid expenses        |     | $            | 15,000 |
| Deferred offering costs |     | $            | 12,500 |
| Total Assets            |     | $            | 27,500 |

|                                  |     | For the      
 Period from  
 December 13, 
 2024         
 (inception)  
 through      
 December 31, 
 2024         |        |   |
|:---------------------------------|:----|:-------------|-------:|:--|
| Formation and operating expenses |     | $            |  3,000 |   |
| Net Loss                         |     | $            | (3,000 | ) |

The CODM reviews formation and operating expenses to manage and forecast cash to ensure enough capital is available to complete a business combination or similar transaction within the business combination period. The CODM also reviews formation and operating expenses to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. Formation and operating expenses, as reported on the statement of operations, are the significant segment information provided to the CODM on a regular basis. All other segment items included in net income or loss are reported on the statement of operations and described within their respective disclosures. The CODM reviews the position of total assets available with the Company to assess if the Company has sufficient resources available to discharge its liabilities. Additionally, the CODM regularly reviews the status of deferred costs incurred to assess if these are in line with the planned use of proceeds to be raised from the public offering. Note 9 — Subsequent Events The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were available to be issued. Based upon this review, other than described below, the Company did not