Company: BSAAR
Filing Date: 2025-05-27
Form Type: S-1/A
Source: 0001213900-25-047458
Chunk: 357

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-05-27
Form: S-1/A
Chunk 357
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 balance sheets of BEST SPAC I Acquisition Corp. (the “Company”) as of March 31, 2025, and the related condensed statement of operations, changes in shareholders’ (deficit) equity, and cash flows for the three -monthperiods ended March 31, 2025, and the related notes (collectively referred to as the “financial statements”). Based on our reviews, we are not aware of any material modifications that should be made to the accompanying interim financial statements for them to be in conformity with accounting principles generally accepted in the United States of America. We have previously audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the balance sheet of the Company as of December 31, 2024, and the related statement of operations, changes in shareholders’ equity and cash flows for the period from December 13, 2024 (inception) to December 31, 2024 (not presented herein); and in our report dated March 28, 2025, except for Note 8 which was dated May23, 2025, we expressed an unqualified opinion on those financial statements. Our report included a paragraph of Substantial Doubt about the Company’s Ability to Continue as a Going Concern regarding the Company’s ability to continue as a going concern. Our opinion was not modified with respect to this matter. In our opinion, the information set forth in the accompanying condensed balance sheet as of December 31, 2024, is fairly stated, in all material respects, in relation to the balance sheet from which it has been derived. Substantial Doubt about the Company’s Ability to Continue as a Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As noted above, as of December 31, 2024, there was substantial doubt that the Company would continue as a going concern, As further described in Note 1 to the financial statements, the Company had a working capital deficit as of March 31, 2025. These circumstances did not alleviate the substantial doubt that was outstanding as of December 31, 2024; accordingly, substantial doubt that the Company will continue as a going concern still exists. Management’s plans in regards to these matters are also described in Note 1. The financial statements do not include any adjustments that might result from the outcome of this doubt and uncertainty. Basis for Review Results These financial statements are the responsibility of the Company’s management.