$BSAAR

BEST SPAC I Acquisition Corp.

CIK:0002051587|SEC Filings

Unaudited Condensed Consolidated Statements of Operations - USD ($)

3 Months Ended

6 Months Ended

Jun. 30, 2026

Jun. 30, 2025

Jun. 30, 2026

Jun. 30, 2025

General and administrative expenses

$ 124,997

$ 93,555

$ 270,131

$ 134,223

Loss from Operations

(124,997)

(93,555)

(270,131)

(134,223)

Other income:

Interest income

9,536

19,975

Interest earned on investment held in Trust Account

282,263

87,764

776,429

87,764

Income (loss) before tax expense

166,802

(5,791)

526,273

(46,459)

Tax expense

Net income (loss)

$ 166,802

$ (5,791)

$ 526,273

$ (46,459)

Class A ordinary shares subject to possible redemption

Other income:

Basic weighted average shares outstanding

3,038,483

846,154

4,262,442

425,414

Diluted weighted average shares outstanding

3,038,483

846,154

4,262,442

425,414

Basic net income (loss) per share

$ 0.14

$ 0.23

$ 0.33

Diluted net income (loss) per share

$ 0.14

$ 0.23

$ 0.33

Class A and Class B ordinary shares not subject to redemption

Other income:

Basic weighted average shares outstanding

^[1]

1,899,500

1,455,692

1,899,500

1,415,569

Diluted weighted average shares outstanding

^[1]

1,899,500

1,455,692

1,899,500

1,415,569

Basic net income (loss) per share

$ (0.14)

$ (0.09)

$ (0.24)

$ (0.13)

Diluted net income (loss) per share

$ (0.14)

$ (0.09)

$ (0.24)

$ (0.13)

[1]	Class B ordinary shares have been retroactively restated to reflect the Sponsor’s forfeiture of 206,250 Founder Shares on July 30, 2025 for no consideration as the underwriters of the IPO did not exercise the over-allotment option (see Note 5).

Unaudited Condensed Consolidated Statement of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows from Operating Activities:
Net income (loss)	$ 526,273	$ (46,459)
Adjustment to reconcile net income to net cash used in operating activities:
Interest earned on investments held in Trust Account	(776,429)	(87,764)
Changes in operating assets and liabilities:
Prepaid expenses	26,879	(102,197)
Accounts payable and accrued expenses	28,730	39,067
Net Cash Used in Operating Activities	(194,547)	(197,353)
Cash Flows from Investing Activities:
Cash withdrawn from Trust Account to pay public shareholder redemptions	55,232,394
Purchase of investments held in Trust Account		(55,000,000)
Net Cash Provided by (Used in) Investing Activities	55,232,394	(55,000,000)
Cash Flows from Financing Activities:
Payment of public shareholder redemptions	(55,232,394)
Proceeds from sale of public units		55,000,000
Proceeds from sale of private placement units		2,770,000
Proceeds from issuance of promissory note to related party		79,122
Payment of underwriter commissions		(550,000)
Payment of offering costs		(324,274)
Advances from a related party	12,013
Repayment to a related party		(2,500)
Net Cash (Used in) Provided by Financing Activities	(55,220,381)	56,972,348
Net Change in Cash	(182,534)	1,774,995
Cash, Beginning of the Period	1,295,059
Cash, End of the Period	1,112,525	1,774,995
Supplemental Disclosure of Cash Flow Information:
Initial classification of ordinary shares subject to redemption		52,305,283
Subsequent measurement of ordinary shares subject to redemption (interest earned on trust account)	776,429	87,764
Accretion of carrying value to redemption value of Class A redeemable ordinary shares	1,255,404	106,174
Deferred offering costs paid via promissory note – related party		$ 28,274

Condensed Consolidated Balance Sheets - USD ($)

Jun. 30, 2026

Dec. 31, 2025

Current assets

Cash

$ 1,112,525

$ 1,295,059

Prepaid expenses

99,007

125,886

Total current assets

1,211,532

1,420,945

Investments held in Trust Account

1,744,299

56,200,264

Total Assets

2,955,831

57,621,209

Current liabilities

Accounts payable and accrued expenses

181,702

152,972

Total current liabilities

193,715

152,972

Commitments and Contingencies (Note 6)

Class A ordinary shares, no par value; 100,000,000 shares authorized; 166,713 shares and 5,500,000 shares issued and outstanding subject to possible redemption as of June 30, 2026 and December 31, 2025, respectively

1,744,299

54,944,860

Shareholders’ Equity:

Preference shares, no par value; 1,000,000 shares authorized; none issued and outstanding as of June 30, 2026 and December 31, 2025

Additional paid-in capital

1,876,524

Retained earnings

1,017,817

646,853

Total shareholders’ equity

1,017,817

2,523,377

Total Liabilities, Ordinary Shares Subject to Redemption and Shareholders’ Equity

2,955,831

57,621,209

Related Party

Current liabilities

Due to a related party

12,013

Class A Ordinary Shares

Current liabilities

1,744,299

54,944,860

Shareholders’ Equity:

Ordinary shares, value

Class B Ordinary Shares

Shareholders’ Equity:

Ordinary shares, value

^[1]

[1]	Class B ordinary shares have been retroactively restated to reflect the Sponsor’s forfeiture of 206,250 Founder Shares on July 30, 2025 for no consideration as the underwriters of the IPO did not exercise the over-allotment option (see Note 5).