BSAA
BEST SPAC I Acquisition Corp.10.10
+0.00+0%
Dec 15, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
74.70MP/E (TTM)
-Basic EPS (TTM)
-Dividend Yield
0%Recent Filings
10-K
FY2025 results
BEST SPAC I Acquisition Corp. posted FY2025 net income of $649,853, driven by $1,226,393 in interest income from its $56.2M Trust Account balance—up from inception losses—while racking up $651K in administrative costs. No operations yet; all focus on its September 2025 merger pact with HDEducation Group for $300M all-stock deal, still pending. Trust sits secure at year-end. No quarterly breakdowns disclosed. Sponsors locked in, eyeing close before June 2026 deadline. Clock ticks.
10-Q
Q3 FY2025 results
BEST SPAC I swung to a $240k net profit in Q3 ended September 30, 2025, from operating loss of $424k offset by $589k Trust interest and $75k gain on expired over-allotment. Nine-month net income hit $194k despite $558k G&A, thanks to $677k interest (derived). Trust holds $55.7M at quarter-end, cash $1.4M outside; no debt. Signed September 25 merger with HDEducation for $300M all-stock deal, entailing reincorporation merger then HDE acquisition, with 2M share earnout at $15 VWAP. Solid runway. Yet merger conditions pose execution risk.
8-K
SPAC inks $300M de-SPAC deal
BEST SPAC I Acquisition Corp. signed a merger agreement on September 25, 2025, to reincorporate into High Distinction Group Limited before acquiring HDEducation Group Limited for $300 million in stock at $10 per share. Earnout shareholders may receive up to 2 million additional shares if stock hits $15 over 20 trading days in any 30-day period post-close. Sponsor and key holders signed voting support and 180-day lock-ups.
10-Q
Q2 FY2025 results
BEST SPAC I Acquisition Corp. completed its IPO on June 16, 2025, raising $55M in gross proceeds with $55.1M now in the Trust Account earning interest. Q2 produced a slim $5,791 net loss as $93,555 in administrative costs edged out $87,764 in Trust interest, while six-month loss hit $46,459. Cash outside Trust stands at $1.8M with working capital of $1.7M; related-party promissory note of $79K due on demand. Trust fully protects public shares. Sponsor forfeited 206,250 Founder Shares post-quarter. Over-allotment expired unexercised. No target yet. Time ticks toward June 2026 deadline.
8-K
Units separate for trading
BEST SPAC I Acquisition Corp. announced that starting August 7, 2025, holders can separate units into Class A ordinary shares (BSAA) and rights (BSAAR) for separate Nasdaq trading; unseparated units remain BSAAU. Brokers must contact transfer agent Continental Stock Transfer & Trust. No fractional rights issued. Separation boosts trading flexibility for this consumer-focused SPAC.
AAM
AA Mission Acquisition Corp.
10.65+0.03
ASPC
A SPAC III Acquisition Corp.
10.50-0.05
BACQ
Inflection Point Acquisition Co
10.83+0.14
BAYA
Bayview Acquisition Corp
11.63-0.01
IBAC
IB Acquisition Corp.
10.45+0.00
LPAA
Launch One Acquisition Corp.
10.59+0.03
RIBB
Ribbon Acquisition Corp
10.35+0.01
RTAC
Renatus Tactical Acquisition Co
10.59+0.07
SIMA
SIM Acquisition Corp. I
10.57+0.01
TACO
Berto Acquisition Corp.
10.13+0.00