Company: BSAAR
Filing Date: 2025-09-26
Form Type: 425
Source: 0001493152-25-015072
Chunk: 4

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-09-26
Form: 425
Chunk 4
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, (v) employees; (w) employment matters; (x) real property; (y) tax matters; (z) environmental matters; (aa) finders’ fees; (bb) powers of attorney and suretyships; (cc) directors and officers; (dd) certain business practices; (ee) compliance with sanctions and anti-money laundering laws; (ff) that HDE is not an investment company; (gg) related party agreements; (hh) no governmental contracts; (ii) insurance policies; and (jj) other information.

In the Merger Agreement, Parent, Purchaser and Merger Sub (collectively, the “Purchaser Parties”) make certain representations and warranties relating to, among other things: (a) proper corporate existence and power; (b) authorization, execution, delivery and enforceability of the Merger Agreement, each Additional Agreement to which it is a party; (c) no need for governmental authorization for the execution, delivery or performance of the Merger Agreement and each Additional Agreement; (d) absence of conflicts; (e) finders’ fees; (f) issuance of shares; (g) capital structure; (h) information supplied; (i) trust account; (j) Nasdaq Stock Market listing; (k) board approval; (l) SEC filing requirements and financial statements; (m) litigation; (n) compliance with laws; (o) compliance with anti-money laundering laws; (p) that the Company is not an investment company; and (q) tax matters.

Conduct Prior to Closing; Covenants Pending Closing

Each of the Target Group and Purchaser Parties has agreed to, and cause its subsidiaries to, operate its respective business in the ordinary course, consistent with past practices, prior to the closing of the transactions (with certain exceptions) and not to take certain specified actions without the prior written consent of the other party.

The Merger Agreement also contains covenants providing for:

| ● | The                                                                                                                                       
 Purchaser Parties and the Target Group providing access to their books and records and providing information relating to their respective 
 business to the other party, its legal counsel and other representatives;                                                                 |

| ● | Each                                                        
 party promptly notifying the other party of certain events; |

| ● | SEC                                                             
 filings and cooperation in making certain filings with the SEC; |

| ● | HDE                                  
 delivering its financial statements; |

| ● | Disbursement                   
 of funds in the trust account; |

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