Company: BSAAR
Filing Date: 2025-03-28
Form Type: S-1
Source: 0001013762-25-004269
Chunk: 21

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-03-28
Form: S-1
Chunk 21
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 by our sponsor in the private placement; • “private placement shares” are to the Class A ordinary shares included in the private placement units being purchased by our sponsor in the private placement; 1 • “private placement units” are to the units issued to our sponsor in a private placement simultaneously with the closing of this offering; • “public rights” are to the rights sold as part of the units in this offering (whether they are subscribed for in this offering or in the open market); • “public shareholders” are to the holders of our public shares; • “public shares” are to our Class A ordinary shares, with no par value, offered as part of the units in this offering (whether they are subscribed for in this offering or thereafter in the open market); • “rights” are to our rights, which include the public rights as well as the private placement rights to the extent they are no longer held by the initial purchasers of the private placement rights or their permitted transferees; • “sponsor” is to BEST SPAC I (Holdings) Corp., a British Virgin Island business company with limited liability, with the persons indicated on page 172 owning interests in our sponsor; and • “we,” “us,” “company,” “BEST SPAC I” or “our company” are to BEST SPAC I Acquisition Corp., a BVI business company with limited liability. All references in this prospectus to shares of BEST SPAC I Acquisition Corp. being forfeited shall take effect as surrenders for no consideration of such shares as a matter of British Virgin Islands law. Any conversion of the Class B ordinary shares described in this prospectus will take effect as a redemption of Class B ordinary shares and an issuance of Class A ordinary shares as a matter of British Virgin Island law. General We are a blank check company incorporated in the British Virgin Islands as a business company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. Although there is no restriction or limitation on what industry or geographic region for our target search, it is our intention to pursue prospective targets that are in the consumer goods sector, which we believe has an optimistic growth trajectory for the coming years. We also intend to focus on prospective target businesses that have potential for revenue growth and/or operating margin expansion with recurring revenue and cash flow, and strong market positions within their industries. We will primarily seek to acquire one