Company: BSAAR
Filing Date: 2025-09-26
Form Type: 8-K
Source: 0001493152-25-015071
Chunk: 4

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-09-26
Form: 8-K
Item: Item 1.01
Chunk 4
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 in the appropriate jurisdictions;
(iv) the SEC shall have declared the registration statement effective, and no stop order suspending the effectiveness of the registration
statement or any part thereof shall have been issued and no proceedings for that purpose shall have been initiated or threatened by the
SEC and not withdrawn; (v) the Required Parent Shareholder Approval having been obtained; and (vi) the Merger Agreement, the Plan of
Merger and the transactions contemplated hereby and thereby, shall have been duly authorized and approved respectively by the shareholders
of HDE.

Purchaser
Parties’ Conditions to Closing

The
obligations of Purchaser Parties to consummate the transactions contemplated by the Merger Agreement, in addition to the conditions described
above, will be conditioned upon each of the following, among other things:

  The                                                                                                                                  

  The                                                                                                                                  

  There                                                        

  The                                                                                                

  The                                                                                

  The                                                                                                                                  

  The                                                                      

  HDE’s                                                     

  The                                                                                                        

  The                                                                                                                              

  The                                                                                                                    

  The                                                                                                                                

  HDE                                                                                                  

  The                                                                                                                                  

  HDE                                                                                                                               

HDE’s
Conditions to Closing

The
obligations of HDE to consummate the transactions contemplated by the Merger Agreement, in addition to the conditions described above,
will be conditioned upon each of the following, among other things:

  Purchaser                                                                                                                         

  The                                                                                                                               

  There                                                         

  HDE                                                                            

  Purchaser                                                                                                           
  Parties materially complying with the reporting requirements under the applicable Securities Act and Exchange Act;  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Purchaser                                                                                                           

  The                                                   

  The                                                                                                                                      

  The                                                                                                                                 

Termination

The
Merger Agreement may be terminated by:

  mutual                                                                                                                                        
  the                                                                                                                                           
  the                                                                                                                                           
  either                                                                                                                                        
  either                                                                                                                                        
  the                                                                                                                                           
  HDE                                                                                                                                           

A
copy of the Merger Agreement is attached hereto as Exhibit 2.1 and incorporated by reference. The foregoing summary of the terms of the
Merger Agreement is subject to, and qualified in its entirety, by such document.

Voting
and Support Agreement

Concurrently
with the execution of the Merger Agreement, Best SPAC I (Holdings) Corp. (the “ Sponsor”), HDE, the Purchaser, the Company
and certain shareholders of HDE (the