Welcome to our dedicated page for BEST SPAC I Acquisition SEC filings (Ticker: BSAAU), 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.
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RiverNorth Capital Management reports beneficial ownership of 400,000 units of BEST SPAC I Acquisition Corp. Those units represent 7.27% of the class and the filer reports sole voting and sole dispositive power over the 400,000 units. The securities class reported are units, each consisting of one Class A ordinary share and a right to receive one-tenth of one Class A ordinary share.
The filing identifies the reporting person as an investment adviser organized in Delaware and discloses that other persons have the right to receive proceeds from the sale of the securities. The filer certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.
Mizuho Financial Group filed a Schedule 13G reporting beneficial ownership of 510,001 common shares of BEST SPAC I Acquisition Corp., equal to 8.8% of the class. The filing states Mizuho has sole voting and dispositive power over all 510,001 shares and reports no shared voting or dispositive power. The filer identifies itself as a parent holding company and notes that Mizuho Financial Group, Mizuho Bank and Mizuho Americas may be indirect beneficial owners through wholly owned Mizuho Securities USA LLC, with an Exhibit A provided for subsidiary identification. The filing certifies the shares are held in the ordinary course of business and were not acquired to influence control.
On 6 Aug 2025, BEST SPAC I Acquisition Corp. filed an 8-K (Item 8.01) stating that, effective on or about 7 Aug 2025, holders of its units (BSAAU) may elect to separately trade the underlying securities. Each unit comprises one Class A ordinary share and one right to receive one-tenth of a Class A share upon consummation of the SPAC’s initial business combination. After separation, Class A shares will trade on Nasdaq as BSAA and rights as BSAAR; units that remain combined will continue trading as BSAAU.
Brokers must contact Continental Stock Transfer & Trust Company to effect the split. No financial statements, guidance, or additional transactions were disclosed. A press release detailing the change is provided as Exhibit 99.1.
BEST SPAC I Acquisition Corp has successfully completed its initial public offering (IPO) on June 16, 2025, raising $55 million in gross proceeds. The company offered 5.5 million units at $10.00 per unit, with each unit comprising:
- One Class A ordinary share
- One right to receive one-tenth of one ordinary share upon business combination completion
The underwriters received a 45-day option to purchase up to 825,000 additional units for over-allotments. The entire IPO proceeds of $55 million, along with funds from a private placement with sponsor BEST SPAC I (Holdings) Corp, have been deposited into a trust account for public shareholders' benefit. The company's securities are listed on Nasdaq under the symbols BSAAU (Units), BSAA (Shares), and BSAAR (Rights). The filing includes an audited balance sheet as of the IPO completion date.
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