Company: BSAAR
Filing Date: 2025-09-26
Form Type: 425
Source: 0001493152-25-015072
Chunk: 2

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-09-26
Form: 425
Chunk 2
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 the Reincorporation Effective Time, each Parent Class B Ordinary Share shall be converted automatically into one corresponding Parent 
 Class A Ordinary Share (“Conversion of Parent Class B Ordinary Shares”);                                                              |

| ● | At                                                                                                                                  
 the Reincorporation Effective Time, each issued and outstanding Parent’s unit shall be separated automatically into its constituent 
 securities (e.g., one Parent Unit into one Parent Class A Ordinary Share and one Parent Right) (“Separation of Parent Units”),      
 as applicable;                                                                                                                      |

| ● | At                                                                                                                                      
 the Reincorporation Effective Time and after the Conversion of Parent Class B Ordinary Shares, each Parent Class A Ordinary Share       
 will be converted automatically into one corresponding Purchaser Class A Ordinary Share (“Conversion of Parent Ordinary Shares”);       |
| ● | At                                                                                                                                      
 the Reincorporation Effective Time and after both (i) the Separation of Parent Units and (ii) the Conversion of Parent Ordinary Shares, 
 each Parent Right shall be converted automatically into one-tenth (1/10) of one Parent Class A Ordinary Share (rounded down to the      
 nearest whole share), which shall be converted automatically into Purchaser Class A Ordinary Shares at the Reincorporation Effective    
 Time;                                                                                                                                   |

| ● | At                                                                                                                                 
 the Reincorporation Effective Time, every Purchaser Ordinary Share issued and outstanding immediately prior to the Reincorporation 
 Effective Time shall cease to be issued and shall be automatically cancelled and retired and shall cease to exist.                 |

Acquisition Merger and Acquisition Consideration

Within two Business Days following the Reincorporation Merger, the Merger Sub will merge with and into HDE (the “Acquisition Merger” and together with the Reincorporation Merger, the “Business Combination”). Following the Acquisition Merger, the separate corporate existence of Merger Sub shall cease, and HDE shall continue as the surviving company in the Acquisition Merger (the “Surviving Corporation”) under the laws of the Cayman Islands.

Pursuant to the terms of the Merger Agreement, the aggregate consideration to be paid to existing shareholders and holders of equity awards of HDE is $300,000,000, which will be paid entirely in stock, comprised of newly issued Purchaser Class A Ordinary Shares and Purchaser Class B Ordinary Shares valued at $10.00 per share, plus such Additional Shares of Purchaser Class A Ordinary Shares as determined pursuant to the Merger Agreement. Such Additional Shares may be issued to any investor in exchange for cash