BEST SPAC I Acquisition Corp.
BSAAR
NASDAQ0.10
USD
+0.01
- -
BEST SPAC I Acquisition Corp.
BSAAR
(NASDAQ)
Recent
price
0.10
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- BEST SPAC I Acquisition Corp. is a blank check company that focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Incorporated in the British Virgin Islands and headquartered in Hong Kong, the company was formed in December 2024 and completed its initial public offering in June 2025, raising gross proceeds of $55 million. Its securities trade on Nasdaq under the symbols BSAAU for units, BSAA for Class A ordinary shares and BSAAR for rights. The company’s current activity is primarily limited to holding trust assets and pursuing a transaction target, rather than operating a commercial product or service business. In September 2025, BEST SPAC I Acquisition Corp. entered into a definitive merger agreement with HDEducation Group Limited, a Cayman Islands exempted company, and related acquisition vehicles in a proposed two-step business combination. The transaction contemplates an all-stock consideration of $300 million, with additional earnout shares potentially issuable if specified trading-price conditions are met. In May 2026, shareholders approved a charter amendment extending the deadline to complete a business combination from June 16, 2026 to June 16, 2027, and the company subsequently disclosed a Nasdaq notice in August 2026 that it had fallen below continued listing requirements, while trading in its listed securities continued.