Company: BSAAR
Filing Date: 2025-03-28
Form Type: S-1
Source: 0001013762-25-004269
Chunk: 372

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-03-28
Form: S-1
Chunk 372
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 permit any registration statement filed under the Securities Act to become effective until termination of the applicable Lock -upperiod. Notwithstanding the above, the shares to be issued to the underwriters in the Proposed Public offering will be further subject to the limitations on registration requirements imposed by FINRA Rule 5110(g)(8). The Company will bear the expenses incurred in connection with the filing of any such registration statements. Right of First Refusal For a period beginning on the closing of the Proposed Public Offering and ending 12 months from the closing of a Business Combination, the Company has granted the underwriter a right of first refusal to act as sole underwriter, sole book -runningmanager and sole placement agent for any and all future private or public equity, equity -linked, convertible and debt offerings during such 12 months from the closing of a Business Combination of the Company, or any successor to or any subsidiary of the Company. 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 a special purpose acquisition company. Notwithstanding the foregoing, in event that a target company — in connection with a Business Combination — sources a private placement of public equity (a “PIPE”), the aforementioned right of refusal reference shall not apply in such a limited instance. In accordance with FINRA Rule 5110(g)(6)(A), such right of first refusal shall not have a duration of more than three years from the commencement of sales in the Proposed Public Offering. Underwriter Agreement The underwriters have a 45 -dayoption from the date of the Proposed Public Offering to purchase up to an additional 825,000 Units to cover over -allotments, if any. The underwriters will be entitled to a cash underwriting discount of one percent (1%) of the gross proceeds of the Proposed Public Offering, or $550,000 (or up to $632,500 if the underwriters’ over -allotmentis exercised in full). Additionally, the underwriters will be entitled to four and one -halfpercent (4.5%) of gross proceeds of the Proposed Public Offering of the Company’s Class A ordinary shares that will be registered in the Proposed Public Offering and will be paid at the closing of the Proposed Public Offering. Representative’s Shares The Company has agreed to issue to the underwriter 247,500 ordinary shares (or 284,625shares if the underwriter’s over -allotmentoption is exercised in full) upon the consummation of the