Company: BSAAR
Filing Date: 2025-01-10
Form Type: DRS
Source: 0001213900-25-002596
Chunk: 325

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-01-10
Form: DRS
Chunk 325
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 and assumes any distributions on our Class A ordinary shares will be paid in U.S. dollars. This discussion is based on the Internal Revenue Code of 1986, as amended (the “Code”), and administrative pronouncements, judicial decisions and final, temporary and proposed Treasury regulations as of the date hereof, changes to any of which subsequent to the date of this prospectus may affect the tax consequences described herein. The Company has not sought, and will not seek, a ruling from the IRS as to any United States federal income tax consequence described in this section of this prospectus. The IRS may disagree with the discussion herein, and its determination may be upheld by a court. Moreover, there can be no assurance that future legislation, regulations, administrative rulings or court decisions will not change the accuracy of the statements in this discussion. 192 This discussion does not address any aspect of state, local or non -U.S. taxation, or any U.S. federal taxes other than income taxes (such as gift and estate taxes). This discussion does not describe all of the tax consequences that may be relevant to you in light of your particular circumstances, including the alternative minimum tax, the Medicare tax on certain investment income and the different consequences that may apply if you are subject to special rules that apply to certain types of investors, such as: •insiders including our founders, the sponsor, officers or directors; •financial institutions or financial services entities; •broker -dealers; •taxpayers that are subject to the mark -to -markettax accounting rules under Section 475 of the Code; •tax -exemptentities; •individual retirement accounts or other tax deferred accounts; •governments or agencies or instrumentalities thereof; •insurance companies; •regulated investment companies; •real estate investment trusts; •persons liable for alternative minimum tax; •expatriates or former long -termresidents of the United States; •persons that actually or constructively own five percent (5%) or more of our voting shares or five percent (5%) or more of the total value of our shares; •persons that acquired our securities pursuant to an exercise of employee share options, in connection with employee share incentive plans or otherwise as compensation; •persons that hold our securities as part of a straddle, constructive sale, hedging conversion or other integrated or similar transaction; •persons whose functional currency is not the U.S. dollar; •controlled foreign corporations; or •passive foreign investment companies. This discussion does not consider the tax treatment of entities