Company: BSAAR
Filing Date: 2025-03-28
Form Type: S-1
Source: 0001013762-25-004269
Chunk: 8

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-03-28
Form: S-1
Chunk 8
---
325,000 public shares are redeemed. (2)The numbers set forth in this column assume that 3,162,500 public shares, or 50%, of 6,325,000 public shares are redeemed. (3)The numbers set forth in this column assume that 4,743,750 public shares, or 75%, of 6,325,000 public shares are redeemed. (4)The numbers set forth in this column assume that 6,325,000 public shares, or 100%, of 6,325,000 public shares are redeemed. See the Section entitled “Dilution” of this prospectus for additional information. Prior to this offering, there has been no public market for our securities. We have applied to list our units on the NASDAQ Capital Market, or NASDAQ, under the symbol “BSAAU” on or promptly after the date of this prospectus. We cannot guarantee that our securities will be approved for listing on NASDAQ. The Class A ordinary shares and rights comprising the units will begin separate trading on the 52 ndday following the date of this prospectus unless Maxim Group LLC, or Maxim, the representative of the underwriters of this offering, informs us of its decision to allow earlier separate trading, subject to our filing a Current Report on Form 8 -Kwith the Securities and Exchange Commission, or the SEC, containing an audited balance sheet reflecting our receipt of the gross proceeds of this offering. Once the securities comprising the units begin separate trading, we expect that the Class A ordinary shares and rights will be listed on NASDAQ under the symbols “BSAA” and “BSAAR,” respectively. We conduct our operations through our principal executive office in Hong Kong and our sponsor and its affiliate(s) as well as certain of our current executive officers and directors are located in or have significant ties to the People’s Republic of China and/or Hong Kong (collectively, the “PRC” or “China”). We are a blank check company incorporated for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. Because we are based in Hong Kong, we face various legal and operational risks and uncertainties associated with doing business in China that are described in further detail below. In addition, although we do not have any specific business combination under consideration and we have not, directly or indirectly, contacted any prospective target business or had any substantive discussions, formal