Company: BSAAR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075690
Chunk: 26

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 26
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 income or loss. The measure of segment assets is reported on the balance sheet as total assets. When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews several key metrics, which include the following:         June 30,  2025   December 31,  2024   Cash  $1,774,995   $—    Prepaid expenses  $117,197   $15,000    Deferred offering costs  $—   $12,500    Investments held in Trust Account  $55,087,764   $—    Total Assets  $56,979,956   $27,500     The CODM reviews the position of total assets available with the Company to assess if the Company has sufficient resources available to discharge its liabilities.      For the three months ended June 30, 2025   For the six months ended June 30, 2025   General and administrative expenses  $93,555   $134,223    Interest earned on investments held in Trust Account  $87,764   $87,764    The key measures of segment profit or loss reviewed by the CODM are general and administrative expenses and interest earned on investments held in Trust Account. General and administrative expenses include insurance expenses, Nasdaq listing expenses, trust service expenses, auditing expenses, printing expenses, and regulatory filing fees, none of which are deemed to be significant segment expenses and are reviewed in aggregate to ensure alignment with budget and contractual obligations. The CODM reviews interest earned on investments in Trust Account to measure and monitor shareholder value and determine the most effective strategy of investments with the Trust Account funds while maintaining compliance with the trust agreement. 

Note 10—Subsequent Events In accordance with ASC 855, “Subsequent Events,” the Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Based on this review, management identified the following subsequent event that would have required disclosure in the condensed financial statements.  On July 30, 2025, the Sponsor forfeited 206,250 Founder Shares for no consideration as the underwriters of the IPO did not exercise the over-allotment option.  19  

Item 2. Management’s Discussion and Analysis
of Financial Condition and Results of Operations

References in this report (the “Quarterly Report”) to “BSAA,”
“our,” “we,” “us