Company: BSAAR
Filing Date: 2025-05-27
Form Type: S-1/A
Source: 0001213900-25-047458
Chunk: 19

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-05-27
Form: S-1/A
Chunk 19
---
 in this prospectus, before investing. Unless otherwise stated in this prospectus, references to: • “amended and restated memorandum and articles of association” are to our memorandum and articles of association to be in effect upon completion of this offering; • “affiliate” are to a corporation, limited liability company, an individual or other entity that controls, is controlled by, or is under common control with our company or any of our company’s subsidiaries; • “BVI” are to the British Virgin Islands; • “completion window” are to (i) the period ending on the date that is 12 months (or up to 18 months from the closing of this offering if we extend the period of time to consummate a business combination by the full amount of time without shareholder approval) from the closing of this offering, or such earlier liquidation date as our board of directors may approve, in which we must complete an initial business combination or (ii) such other time period in which we must complete an initial business combination pursuant to an amendment to our amended and restated memorandum and articles of association. Our shareholders can also vote at any time to amend our amended and restated memorandum and articles of association to modify the amount of time we will have to complete an initial business combination, in which case our public shareholders will be offered an opportunity to redeem their public shares; • “Companies Act” and the “Insolvency Act” are to the BVI Business Companies Act, 2004 and the Insolvency Act, 2003 of the British Virgin Islands, respectively and in each case as amended; • “founder shares” are to our Class B ordinary shares, with no par value, held by our initial shareholder and, unless the context otherwise requires, the term also includes our Class A ordinary shares issued upon the conversion thereof as provided herein; • “initial shareholder” is our sponsor, BEST SPAC I (Holdings) Corp., a BVI business company with limited liability; • “letter agreement” refers to the letter agreement by and among our company, Maxim (and its designees), our sponsor and our officers and directors, the form of which is filed as an exhibit to the registration statement of which this prospectus forms a part; • “management” or our “management team” are to our officers and directors; • “ordinary shares” are to our Class A ordinary shares and our Class B ordinary shares; • “permitted transferees” shall mean any of the following to whom an initial shareholder may transfer ordinary