BEST SPAC I Acquisition Corp.

BEST SPAC I Acquisition Corp. is a blank check company incorporated in the British Virgin Islands on December 13, 2024. The company's purpose is to complete a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. On June 16, 2025, the company completed its initial public offering (IPO) by selling 5,500,000 units at $10.00 per unit, raising $55,000,000 in gross proceeds. Each unit consists of one Class A ordinary share and one right to receive one-tenth of one Class A ordinary share upon the completion of the initial business combination. Concurrently with the IPO, the company completed a private placement, selling 277,000 units to BEST SPAC I (Holdings) Corp. (the "Sponsor") at $10.00 per unit, generating $2,770,000. These private placement units are identical to the units sold in the IPO. The Sponsor and initial shareholders agreed not to transfer these private placement units or their underlying securities, with limited exceptions, until after the company's initial business combination. They also received certain demand and piggyback registration rights. The company granted underwriters a 45-day option to purchase up to an additional 825,000 units at the IPO price to cover over-allotments, which expired unexercised on July 27, 2025. As a result, on July 30, 2025, the Sponsor forfeited 206,250 Founder Shares without consideration.