Market Movers (8-K)
NASDAQ
BEST SPAC I Acquisition Corp. announced shareholder approval to extend its deadline for completing a business combination by an additional twelve months, moving it to June 16, 2027.
NASDAQ
BEST SPAC I Acquisition Corp. has entered into a definitive merger agreement to combine with HDEducation Group Limited, a global university student service platform, in an all-stock transaction valued at $300 million.
Capital raise
Delay expected
NASDAQ
BEST SPAC I Acquisition Corp. announced that its units will begin separate trading of Class A ordinary shares and rights on or about August 7, 2025.
NASDAQ
BEST SPAC I Acquisition Corp. has successfully consummated its Initial Public Offering, raising $55 million, but faces substantial doubt about its ability to continue as a going concern due to a 12-month deadline to complete a business combination.
Capital raise
Worse than expected
NASDAQ
BEST SPAC I Acquisition Corp., a newly formed blank check company, has successfully closed its initial public offering, raising $55 million for future business combinations, with units now trading on the Nasdaq Capital Market.
Capital raise
Quarterly Earnings (10-Q)
NASDAQ
BEST SPAC I Acquisition Corp. reports significant share redemptions and extends its business combination deadline to June 16, 2027, while facing substantial doubt about its going concern.
Worse than expected
Capital raise
Delay expected
NASDAQ
BEST SPAC I Acquisition Corp. reports Q1 2026 results, focusing on operational setup and progress towards a business combination, with net income driven by interest income.
Capital raise
NASDAQ
BEST SPAC I Acquisition Corp. reported a net income of $240,364 for Q3 2025 and announced a definitive merger agreement with HDEducation Group Limited valued at $300 million.
Capital raise
NASDAQ
BEST SPAC I Acquisition Corp. successfully completed its initial public offering and private placement, depositing $55 million into its Trust Account, as it continues its search for a business combination target.
Capital raise
Insider Trading (Form 4)
NASDAQ
BEST SPAC I Acquisition Corp. announced a definitive merger agreement to combine with HDEducation Group Limited, valuing the education platform at $300 million in an all-stock transaction.
Capital raise
Delay expected
NASDAQ
BEST SPAC I (Holdings) Corp., a 10% owner and director of BEST SPAC I Acquisition Corp., forfeited 206,250 Class B ordinary shares for no consideration, which were subsequently cancelled.
NASDAQ
BEST SPAC I (Holdings) Corp., the sponsor of BEST SPAC I Acquisition Corp. (BSAA), has acquired 277,000 Class A ordinary shares and associated rights for $2.77 million, demonstrating continued commitment to the SPAC's future business combination.
Capital raise
Proxy Statements (Def-14A)
NASDAQ
BEST SPAC I Acquisition Corp. is holding an Extraordinary General Meeting on May 19, 2026, to seek shareholder approval to extend its deadline for consummating a business combination by twelve months, from June 16, 2026, to June 16, 2027.
Delay expected
New Public Companies (S-1)
NASDAQ
BEST SPAC I Acquisition Corp., a British Virgin Islands blank check company, filed an amended S-1 registration statement for its $55 million initial public offering, aiming to acquire a consumer goods business with an enterprise value between $100 million and $600 million, while disclosing significant risks related to its blank check nature and ties to China.
Capital raise
Worse than expected
NASDAQ
BEST SPAC I Acquisition Corp. aims to raise $55 million through an IPO to pursue a business combination in the consumer goods sector.
Capital raise
Schedule 13G - Passive Investments
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Mizuho Financial Group, Inc. has issued a Power of Attorney, authorizing Takahiro Katsura to execute and file necessary SEC documents, specifically Form 13G, on behalf of the company and its subsidiaries.
NASDAQ
W. R. Berkley Corporation and Berkley Insurance Company have filed a Schedule 13G, reporting zero shares beneficially owned in BEST SPAC I Acquisition Corp.
NASDAQ
RiverNorth Capital Management, LLC has filed a Schedule 13G, reporting 0% beneficial ownership of BEST SPAC I Acquisition Corp. common stock as of June 30, 2026.
NASDAQ
Wolverine Asset Management, LLC and related entities report 0% beneficial ownership of Best SPAC I Acquisition Corp. Class A Ordinary Shares.
NASDAQ
Feis Equities LLC and Lawrence M. Feis have filed an amendment to their Schedule 13G, reporting a 0% beneficial ownership stake in BEST SPAC I Acquisition Corp.
NASDAQ
W.R. Berkley Corporation and its subsidiary, Berkley Insurance Company, have reported a 7.3% beneficial ownership stake in BEST SPAC I Acquisition Corp.