Company: BSAAR
Filing Date: 2025-05-27
Form Type: S-1/A
Source: 0001213900-25-047458
Chunk: 204

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-05-27
Form: S-1/A
Chunk 204
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 it is probable that the equity instrument will become redeemable, the Company has the option to either (i) accrete changes in the redemption value over the period from the date of issuance (or from the date that it becomes probable that the instrument will become redeemable, if later) to the earliest redemption date of the instrument or (ii) recognize changes in the redemption value immediately as they occur and adjust the carrying amount of the instrument to equal the redemption value at the end of each reporting period. The Company has elected to recognize the changes in redemption value as a charge against retained earnings or, in the absence of retained earnings, as a charge against additional paid -in -capitalover an expected 12 -monthperiod leading up to a business combination. (4)Including 277,000 Class A ordinary shares to be sold as part of the private placement units in the private placement and 247,500 Class A ordinary shares that will be registered in the offering and will be paid to underwriter at the closing of the offering for the consideration of underwriter commission. (5)On December 13, 2024, the Company issued 1,581,250 Class B ordinary shares to the sponsor for $25,000, resulting in 1,581,250 Class B ordinary shares outstanding (of which an aggregate of up to 206,250 shares are subject to forfeiture if the over -allotmentoption is not exercised in full or in part by the underwriter).

120 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OP ERATIONS Overview We are a blank check company incorporated in the British Virgin Islands as a business company and incorporated for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. We intend to effectuate our initial business combination using cash from the proceeds of this offering and the private placement of the private placement units, the proceeds of the sale of our securities in connection with our initial business combination, our shares, debt or a combination of cash, stock and debt. The issuance of additional ordinary shares in a business combination: •may significantly dilute the equity interest of investors in this offering, which dilution would increase if the anti -dilutionprovisions in the Class B ordinary shares resulted in the issuance of Class