Company: BSAAR
Filing Date: 2025-01-10
Form Type: DRS
Source: 0001213900-25-002596
Chunk: 344

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-01-10
Form: DRS
Chunk 344
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 Class A ordinary shares, or up to 284,625 Class A ordinary shares if the underwriter’s over -allotmentoption is exercised in full in a private placement to be completed concurrently with the consummation of this offering. Except with respect to certain registration rights, transfer restrictions and other restrictions as described elsewhere herein, the Representative’s Shares will be identical to the public shares underlying the units sold in this offering. In addition to the underwriting discount, we will pay $50,000 with the filing of the registration statement of which this prospectus forms a part. We refer to such amounts previously paid as the advance, and the advance shall be applied towards Maxim’s accountable expenses. Furthermore, we have agreed to reimburse the underwriters for certain expenses incurred in connection with this offering, including but not limited to background checks and road show expenses, in an amount not to exceed $100,000 in the aggregate (inclusive of the advance) if there is a closing of this offering and $50,000 (inclusive of the advance) in the event that this offering does not close. Any portion of the advance will be returned to us in the event it is not actually incurred. No discounts or commissions will be paid on the sale of the private placement units. Representative ’s Shares We have agreed to issue to Maxim and/or its designees, 247,500 Class A ordinary shares (or up to 284,625 Class A ordinary shares if the underwriters’ over -allotmentoption is exercised in full) upon the consummation of this offering. These shares are being registered in the registration statement of which this prospectus 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