Company: BSAAR
Filing Date: 2025-01-10
Form Type: DRS
Source: 0001213900-25-002596
Chunk: 6

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-01-10
Form: DRS
Chunk 6
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 directors was included by a target business as a condition to any agreement with respect to our initial business combination. We are not prohibited from pursuing an initial business combination with a company that is affiliated with our sponsor, officers or directors, or completing the business combination through a joint venture or other form of shared ownership with our sponsor, officers or directors. In the event we seek to complete our initial business combination with a target that is affiliated with our sponsor, officers or directors, we, or a committee of independent directors, would obtain an opinion from an independent firm that commonly renders valuation opinions, independent accounting firm or independent investment banking firm that our initial business combination is fair to our company from a financial point of view. We are not required to obtain such an opinion in any other context. There may be potential material conflicts of interest between our sponsor, its affiliates, or promoters and the purchasers in this offering. Our sponsor, along with its affiliates, promoters, officers, and directors, currently participate, and may in the future participate, in the formation or sponsorship of other special purpose acquisition companies (“SPACs”) similar to ours, or engage in other business or investment ventures during our pursuit of an initial business combination. Despite these activities, our officers and directors will maintain their existing fiduciary duty to us, and we will retain priority over any subsequent SPACs or ventures they may join. For a description of risks associated with compensation and material conflicts of interests of our sponsor, its affiliates, or promoters, see “Summary — Compensation,” “Summary — Potential Conflicts,” ”Summary — The Offering — Founder Shares,” “Summary — The Offering — Founder Share Conversion and Anti -Dilution Rights,” “Limited Payments to Insiders,” “Summary — The Offering — Conflicts of Interest,” “ Principal Shareholders ,” “ Risk Factors — Risks Relating to our Sponsor, Management and Director Team ” on page 66, “ Risk Factors — Risks Relating to our Search for, and Consummation of or Inability to Consummate, a Business Combination, ” on page 43, “ Risk Factors — Risks Related to Our Securities and This Offering, ” on page 73, “ Management — Directors and Officers ,” “ Management — Conflicts of Interest, ” “Potential Conflicts,” “The Offering — Conflicts of Interest” “ Certain Relationships and Related Party Transactions, ” “Proposed Business — Our Sponsor,” “ Proposed Business — Other Acquisition Considerations ;”and “ British Virgin Islands Company Considerations — Directors and Conflicts of