Company: BSAAR
Filing Date: 2025-03-28
Form Type: S-1
Source: 0001013762-25-004269
Chunk: 72

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-03-28
Form: S-1
Chunk 72
---
)The “as adjusted” calculation includes $1,400,000 of cash held outside the trust account, minus $74,227 over -allotmentoption liability, plus $22,000 of actual shareholders’ equity as of December 31, 2024. (2)The “as adjusted” calculation equals $55,000,000 of cash held in trust from the proceeds of this offering and the sale of the private placement units, plus $1,400,000 of cash held outside the trust account, plus $22,000 of actual shareholders’ equity as of December 31, 2024. (3)The “as adjusted” amount includes the over -allotmentliability, assuming the over -allotmentoption is not exercised. (4)The “as adjusted” amount includes all public shares included in the units sold in this offering, assuming the over -allotmentoption is not exercised, net off the fair value of rights included in the units sold in this offering and the estimated offering costs. The ordinary shares offered to the public contain redemption rights that make them redeemable by our public shareholders. Accordingly, they are classified within temporary equity in accordance with the guidance provided in ASC 480 -10-S99-3Aand will be subsequently accredited at redemption value. (5)Excludes 5,500,000 Class A ordinary shares purchased in the public market which are subject to redemption in connection with our initial business combination. The “as adjusted” calculation equals the “as adjusted” total assets, less the “as adjusted” total liabilities, less the value of shares of ordinary shares that may be converted in connection with our initial business combination ($10.00 per share). If no business combination is completed within 12 months from the closing of this offering (or up to 18 months from the closing of this offering if we extend the period of time to consummate a business combination by the full amount of time without shareholder approval, as described in more detail in this prospectus), the proceeds then on deposit in the trust account, including interest (which interest shall be net of taxes payable, and less up to $100,000 of interest to pay dissolution expenses) will be used to fund the redemption of our public shares. Maxim (and its designees), our sponsor, officers and directors have entered into a letter agreement with us, pursuant to which they have agreed to waive their rights to liquidating distributions from the trust account with respect to their founder shares, private placement shares and Representative