Company: BSAAR
Filing Date: 2025-03-28
Form Type: S-1
Source: 0001013762-25-004269
Chunk: 342

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-03-28
Form: S-1
Chunk 342
---
us forms a part. Maxim has agreed not to transfer, assign or sell any such shares until the completion of our initial business combination. In addition, Maxim has agreed (i) to waive its redemption rights with respect to such shares in connection with the completion of our initial business combination and (ii) to waive its rights to liquidating distributions from the trust account with respect to such shares if we fail to complete our initial business combination within the periods of time as provided in our amended and restated memorandum and articles of association. The shares issued to Maxim will be granted customary registration rights in compliance with FINRA Rule 5110(g)(8). The shares have been deemed compensation by FINRA and are therefore subject to a lock -upfor a period of 180 days from the commencement of sales of this offering pursuant to FINRA Rule 5110(e)(1). Pursuant to this FINRA lock -up, these securities cannot be sold, transferred, assigned, pledged or hypothecated or 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 from the commencement of sales of this offering except as permitted under FINRA

207 Rule 5110(e)(2), including to any underwriter and selected dealer participating in the offering and their officers or partners, registered persons or affiliates. These securities have resale registration rights including three demand (one at our expense and two at Maxim’s expense) and unlimited “piggy -back” rights for five and seven years, respectively, from the commencement of sales of this offering. Right of First Refusal Subject to certain conditions, we granted Maxim, for a period beginning on the closing of this offering and ending 12 months after the date of the consummation of our business combination, a right of first refusal to act as sole underwriter and sole book running manager, or sole placement agent, for any and all future private or public equity, equity -linked, convertible and debt offerings during such 12 months period of us, or any successor to or any subsidiary of our company, provided that such offerings involve an entity that holds a U.S. broker -dealerlicense. For the avoidance of doubt, this right of first refusal shall not apply to any transaction that does not involve an entity with a U.S. broker -dealerlicense. For the sake of clarity, this right of refusal shall encompass the time period leading up to the closing of the business combination while the Company is still