RiverNorth Capital discloses 6.64% BSAA stake in BEST SPAC I (BSAA)

Rhea-AI Filing Summary

RiverNorth Capital Management, LLC reported a passive stake in BEST SPAC I Acquisition Corp., disclosing beneficial ownership of 400,000 common shares, representing 6.64% of the class as of December 31, 2025. RiverNorth has sole power to vote and dispose of these shares, with no shared voting or dispositive authority.

The filing states that the securities were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of the company. It also notes that other persons have the right to receive the proceeds from the sale of the reported securities.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

BEST SPAC I Acquistion Corp.

(Name of Issuer)

Common

(Title of Class of Securities)

G1069P103

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G1069P103

1

Names of Reporting Persons

RIVERNORTH CAPITAL MANAGEMENT, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 400,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 400,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

400,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.64 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: BEST SPAC I Acquistion Corp.
(b)	Address of issuer's principal executive offices: 701, 7/FLOOR, UNITED BUILDING, 17-19 JUBILEE STREET, HONG KONG, HONG KONG
Item 2.
(a)	Name of person filing: RiverNorth Capital Management, LLC
(b)	Address or principal business office or, if none, residence: 360 S. Rosemary Avenue, Ste. 1420 West Palm Beach, Florida 33401
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common
(e)	CUSIP No.: G1069P103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 400,000
(b)	Percent of class: 6.64%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 400,000
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 400,000
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Other persons have the right to receive the proceeds from the sale of the securities reported herein.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Not applicable.
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. Not applicable.
Item 9.	Notice of Dissolution of Group.
	Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. Not applicable.

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

RIVERNORTH CAPITAL MANAGEMENT, LLC

Signature:	/s/ Marcus Collins
Name/Title:	Marcus Collins, General Counsel and Chief Compliance Officer
Date:	02/17/2026

FAQ

What stake does RiverNorth Capital Management hold in BEST SPAC I Acquisition Corp (BSAA)?

RiverNorth Capital Management beneficially owns 400,000 common shares of BEST SPAC I Acquisition Corp, representing 6.64% of the outstanding class as of December 31, 2025. This gives RiverNorth a significant but minority ownership position.

Does RiverNorth Capital Management control voting for its BSAA shares?

RiverNorth Capital Management has sole voting power over 400,000 BSAA common shares. It reports no shared voting power, meaning voting decisions for these shares are directed solely by RiverNorth under its current authority.

Is RiverNorth’s BSAA position intended to influence control of the company?

RiverNorth states the BSAA securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. The position is reported on a Schedule 13G, typically used for passive ownership.

Who ultimately benefits from RiverNorth’s BSAA share holdings?

The filing notes that other persons have the right to receive the proceeds from the sale of the reported BSAA securities. This reflects RiverNorth’s role as an investment adviser managing assets for underlying clients or accounts.

What type of security does RiverNorth hold in BEST SPAC I Acquisition Corp (BSAA)?

RiverNorth holds common shares of BEST SPAC I Acquisition Corp, identified by CUSIP G1069P103. The ownership relates specifically to this class of common stock, not to preferred shares, warrants, or other securities.

Where is RiverNorth Capital Management based and what is its jurisdiction?

RiverNorth Capital Management, LLC is organized in Delaware with a principal business office at 360 S. Rosemary Avenue, Suite 1420, West Palm Beach, Florida 33401. This defines its legal and operational base for the reported BSAA holdings.