BSAA · BEST SPAC I Acquisition Corp.
Substantial doubt about the company's ability to continue as a going concern.
“Management has determined that the liquidation, should a business combination not occur, and potential subsequent dissolution, as well as liquidity concerns raise substantial doubt about the Company's ability to continue as a going concern. The date for liquidation and subsequent dissolution as well as liquidity concerns raise substantial doubt about the Company's ability to continue as a going concern.”View the 10-Q filed Aug 6, 2026
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 3, 4 and 5. Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2025-07-30 | BEST SPAC I (Holdings) Corp. |
10% Owner |
Other↓
Filing footnotes — Class B ordinary shares (Direct)
On July 30, 2025, BEST SPAC I (Holdings) Corp. forfeited for no consideration an aggregate of 206,250 shares of Class B ordinary shares, which were subsequently cancelled by BEST SPAC I Acquisition Corp. The Issuer's Class B ordinary shares are convertible into the Issuer's Class A ordinary shares on a one-for-one basis at the Reporting Person's election and has no expiration date. Mr. Yun Chen and Mr. Kam Chi Kin share voting and dispositive power over the securities held by the Reporting Person. |
Class B ordinary shares
|
206,250 |
| 2025-06-16 | BEST SPAC I (Holdings) Corp. |
10% Owner |
Buy↑
Filing footnotes — Rights to receive Class A ordinary shares (Direct)
The rights convert automatically into Class A ordinary shares at the completion of the Issuer's initial business combination. Reflects the 277,000 units owned by BEST SPAC I (Holdings) Corp., the Issuer's sponsor. Each unit consists of one Class A ordinary shares and one right to receive one-tenth (1/10) of one Class A ordinary share upon consummation of the Issuer's initial business combination. The units were purchased at $10.00 per unit for an aggregate purchase price of $2,770,000. Mr. Yun Chen and Mr. Kam Chi Kin share voting and dispositive power over our securities held by the sponsor. |
Rights to receive Class A ordinary shares
|
277,000 |
| 2025-06-16 | BEST SPAC I (Holdings) Corp. |
10% Owner |
Buy↑
Filing footnotes — Class A ordinary shares (Direct)
Reflects the 277,000 units owned by BEST SPAC I (Holdings) Corp., the Issuer's sponsor. Each unit consists of one Class A ordinary shares and one right to receive one-tenth (1/10) of one Class A ordinary share upon consummation of the Issuer's initial business combination. The units were purchased at $10.00 per unit for an aggregate purchase price of $2,770,000. Mr. Yun Chen and Mr. Kam Chi Kin share voting and dispositive power over our securities held by the sponsor. |
Class A ordinary shares
|
277,000 |
| 2025-06-12 | Zhang Huachen |
Director |
Other↑
|
No Securities Owned
|
0 |
| 2025-06-12 | Cernosia Prescille Chu |
Director |
Other↑
|
No Securities Owned
|
0 |
| 2025-06-12 | LIU Xiangge |
Director |
Other↑
|
No Securities Owned
|
0 |
| 2025-06-12 | Chen Heyi |
Director |
Other↑
|
No Securities Owned
|
0 |