BEST SPAC I sponsor changes hands, holds about 80% stake

Q: How much of BSAA does the sponsor hold after the control transfer?

The sponsor directly holds 1,375,000 Class B ordinary shares and 277,000 Class A ordinary shares underlying private placement units, representing approximately 80.0% of BEST SPAC I Acquisition Corp.’s issued and outstanding ordinary shares.

The sponsor’s new sole director is a director of the buyer, while the acquisition company’s own directors and officers remain unchanged.

Filing Impact

(High)

Filing Sentiment

(Neutral)How Sentiment works

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Form Type

8-K

Rhea-AI Filing Summary

BEST SPAC I Acquisition Corp. reported that, on September 29, 2026, Naoda Investments Limited transferred all its ordinary shares in BEST SPAC I (Holdings) Corp., the company’s sponsor, to A SPAC (Holdings) Group Corp. The buyer now holds 100% of the sponsor’s issued and outstanding ordinary shares. The sponsor directly holds 1,375,000 Class B ordinary shares and 277,000 Class A ordinary shares underlying private placement units, representing approximately 80.0% of the company’s issued and outstanding ordinary shares.

The transfer did not change BEST SPAC I Acquisition Corp.’s directors or officers. Yun Chen resigned as the sponsor’s sole director. Claudius Tsang, a director of the buyer, was appointed the sponsor’s sole director and has shared voting and investment discretion with Kam Chi Kin over securities held of record by the sponsor.

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8-K Event Classification

2 items: 5.01, 9.01

2 items

Item 5.01 Changes in Control of Registrant Governance

A change in control of the company occurred, such as through a merger, takeover, or management buyout.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Buyer ownership of sponsor: 100% Class B ordinary shares: 1,375,000 shares Class A ordinary shares: 277,000 shares +1 more

4 metrics

Buyer ownership of sponsor 100% Buyer holds all issued and outstanding ordinary shares of the sponsor

Class B ordinary shares 1,375,000 shares Directly held by the sponsor

Class A ordinary shares 277,000 shares Directly held by the sponsor underlying private placement units

Share of company’s issued and outstanding ordinary shares Approximately 80.0% Represented by the shares held directly by the sponsor

Key Terms

Sponsor, private placement units, voting and investment discretion

3 terms

private placement units financial

"underlying the private placement units"

voting and investment discretion technical

"has shared voting and investment discretion"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who became the sponsor’s sole director?

Claudius Tsang, a director of A SPAC (Holdings) Group Corp., was appointed the sponsor’s sole director after Yun Chen resigned. Tsang has shared voting and investment discretion with Kam Chi Kin over securities held of record by the sponsor.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/29/2026 - 04:45 PM Accepted by SEC EDGAR 09/29/2026 - 04:45 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

Current Report

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

September 29, 2026

Date of Report (Date of earliest event reported)

BEST SPAC I Acquisition Corp.

(Exact Name of Registrant as Specified in its Charter)

British Virgin Islands		001-42700		N/A
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

701, 7/Floor

United Building

17-19 Jubilee Street

Hong Kong

N/A

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s telephone number, including area code: +1 702 287 9776

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
Units, each consisting of one Class A ordinary share, with no par value, and one right to receive one-tenth of one Class A ordinary share	BSAAU	The Nasdaq Stock Market LLC
Class A ordinary shares	BSAA	The Nasdaq Stock Market LLC
Rights	BSAAR	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.01. Changes in Control of Registrant.

On September 29, 2026, Naoda Investments Limited, pursuant to an instrument of transfer, transferred all of its ordinary shares of BEST SPAC I (Holdings) Corp. (the “Sponsor”), the sponsor of BEST SPAC I Acquisition Corp., a British Virgin Islands business company (the “Company”), to A SPAC (Holdings) Group Corp. (the “Buyer”).

As a result of the transfer, the Buyer holds 100% of the issued and outstanding ordinary shares of the Sponsor, which directly holds 1,375,000 Class B ordinary shares and 277,000 Class A ordinary shares underlying the private placement units of the Company, representing approximately 80.0% of the Company’s issued and outstanding ordinary shares. No changes were made to the directors or officers of the Company.

In connection with the transfer, Yun Chen resigned as the sole director of the Sponsor. Upon such resignation, Claudius Tsang, a director of the Buyer, was appointed as the sole director of the Sponsor and has shared voting and investment discretion with Kam Chi Kin with respect to the securities held of record by the Sponsor.

Item 9.01 Exhibits

Exhibit No.		Description
104		Cover Page Interactive Data File (formatted as Inline XBRL).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BEST SPAC I ACQUISITION CORP.

Dated: September 29, 2026	By:	/s/ Xiangge Liu
		Name:	Xiangge Liu
		Title:	Chief Executive Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents