Company: BSAAR
Filing Date: 2025-06-17
Form Type: 8-K
Source: 0001213900-25-054913
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Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-06-17
Form: 8-K
Item: Item 1.01
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Item 1.01. Entry into a Material Definitive Agreement.

On June 12, 2025, the registration statement (File
No. 333-286237) (the “ Registration Statement”) relating to the initial public offering (“ IPO”) of BEST SPAC
I Acquisition Corp. (the “ Company”) was declared effective by the Securities and Exchange Commission. In connection therewith,
the Company entered into the following agreements previously filed as exhibits to the Registration Statement:

  Underwriting Agreement, dated June 12, 2025, by and between the Company and Maxim Group LLC;                                                   
  Rights Agreement, dated June 12, 2025, by and between the Company and Continental Stock Transfer & Trust Company;                              
  Letter Agreement, dated June 12, 2025, by and between the Company’s officers, directors, Maxim Partners LLC and BEST SPAC I (Holdings) Corp.;  
  Investment Management Trust Agreement, dated June 12, 2025, by and between Continental Stock Transfer & Trust Company and the Company;         
  Registration Rights Agreement, dated June 12, 2025, by and among the Company and certain securityholders of the Company;                       
  Unit Purchase Agreement, dated June 12, 2025, by and between the Company and BEST SPAC I (Holdings) Corp.;                                     
  Indemnity Agreement, dated June 12, 2025, by and between the Company’s                                                                         
  sponsor, officers and directors and the Company;                                                                                               
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On June 16, 2025, the Company consummated the
IPO of 5,500,000 units (the “ Units”). Each Unit consists of one Class A ordinary share (“ Ordinary Share”)
and one right (“ Right”) to receive one-tenth of one Ordinary Share upon the consummation of an initial business combination.
The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $55,000,000.

As of June 16, 2025, a total of $55,000,000 of
the net proceeds from the IPO and the Private Placement (as defined below) were deposited in a trust account established for the benefit
of the Company’s public shareholders. An audited balance sheet as of June 16, 2025 reflecting receipt of the proceeds upon consummation
of