Company: BSAAR
Filing Date: 2025-05-27
Form Type: S-1/A
Source: 0001213900-25-047458
Chunk: 375

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-05-27
Form: S-1/A
Chunk 375
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0(g)(6)(A), such right of first refusal shall not have a duration of more than three years from the commencement of sales in the Proposed Public Offering. Underwriter Agreement The underwriters have a 45 -dayoption from the date of the Proposed Public Offering to purchase up to an additional 825,000 Units to cover over -allotments, if any. The underwriters will be entitled to a cash underwriting discount of one percent (1%) of the gross proceeds of the Proposed Public Offering, or $550,000 (or up to $632,500 if the underwriters’ over -allotmentis exercised in full). Additionally, the underwriters will be entitled to four and one -halfpercent (4.5%) of gross proceeds of the Proposed Public Offering of the Company’s Class A ordinary shares that will be registered in the Proposed Public Offering and will be paid at the closing of the Proposed Public Offering. Representative’s Shares The Company has agreed to issue to the underwriter 247,500 ordinary shares (or 284,625shares if the underwriter’s over -allotmentoption is exercised in full) upon the consummation of the Proposed Public Offering. These shares are being registered in the registration statement of which the Proposed Public Offering forms a part. The underwriter has agreed not to transfer, assign or sell any such shares until the completion of the initial Business Combination. In addition, the underwriter has agreed (and its permitted transferees will agree) (i) to waive its redemption rights with respect to such shares in connection with the completion of the Company’s initial Business Combination and (ii) to waive its rights to liquidating distributions from the Trust Account with respect to such shares if the Company fails to complete its initial Business Combination within the Combination Period. The shares have been deemed compensation by FINRA and are therefore subject to a lock -upfor a period of 180 days immediately following the date of the commencement of sales in the Proposed Public Offering pursuant to FINRA Rule 5110(e)(1). Pursuant to FINRA Rule 5110(e)(1), these securities will not be the subject of any hedging, short sale, derivative, put or call transaction that would result in the economic disposition of the securities by any person for a period of 180 days immediately following the effective date of the registration statement of which the Proposed Public Offering forms a part, nor may they be sold, transferred, assigned, pledged or hypothecated for a period of 180 days immediately