Welcome to our dedicated page for BEST SPAC I SEC filings (Ticker: BSAA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
BEST SPAC I Acquisition Corp. filings document a blank-check issuer’s governance, capital structure, and SPAC-related transaction disclosures. Its records include proxy materials, shareholder voting matters, material definitive agreements, and security-structure information for Class A ordinary shares, rights, warrants, units, and related public-company instruments.
As a British Virgin Islands business company, BSAA’s SEC reports also cover redemption mechanics, trust-account matters, deadline-extension disclosures, governance provisions, and material-event reporting connected to its pursuit of a business combination.
BEST SPAC I Acquisition Corp. received an updated ownership report showing that Feis Equities LLC and Lawrence M. Feis together beneficially own 602,260 Class A ordinary shares. This represents 9.99% of the Class A shares, based on 6,024,500 shares outstanding as of November 12, 2025.
The filing states that the reporting persons have sole voting and dispositive power over these 602,260 shares and no shared power. They certify that the shares were not acquired and are not held for the purpose of changing or influencing control of the company, but instead are reported on a passive basis.
BEST SPAC I Acquisition Corp. entered into a definitive Merger Agreement with HDEducation Group Limited, setting up a two-step business combination that will move the SPAC into a Cayman holding structure and acquire HDE. First, BEST SPAC I will merge into a new Cayman parent, with each existing Class A share converting into one Purchaser Class A share and each right converting into one-tenth of a Parent Class A share, then into Purchaser Class A shares. Within two business days, a mini-sub will merge into HDE, leaving HDE as the surviving company.
The deal values the equity consideration at $300,000,000, paid entirely in newly issued Purchaser Class A and Class B shares valued at $10.00 per share, with potential Additional Shares based on agreed pre-money valuation and any new cash investors. Certain HDE holders can earn up to 2,000,000 additional shares if the Purchaser share price trades at or above $15.00 for 20 out of 30 trading days within two years after closing. Sponsor and key HDE shareholders have signed voting, registration rights and 180-day (price-triggered) lock-up agreements, and the deal is subject to SEC effectiveness, shareholder approvals, CSRC and other regulatory conditions and standard termination rights.