Current Report · Items 3.01 · 8-K
BEST SPAC I Acquisition Corp.
BSAANASDAQEQUITYCurrent
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On August 19, 2026, BEST SPAC I Acquisition Corp. (the “Company”) received a letter from The Nasdaq Stock Market LLC (“Nasdaq”), which stated that, based upon a review of the Company’s Market Value of Listed Securities (MVLS) for the last 30 consecutive business days, the Company no long…
Company context
Current securities
Recent company filings
- Changes in Control of RegistrantSep 29, 2026
- 3 filingSep 29, 2026
- SCHEDULE 13D - filed by Tsang Claudius regarding BEST SPAC I Acquisition Corp.Sep 29, 2026
- 10-Q filingAug 6, 2026
- Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Submission of Matters to a Vote of Security Holders · Other EventsMay 19, 2026
Disclosure sections
Item 3.01Item 3.01 - Notice of Delisting
Item 3.01.
Notice
of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On August 19, 2026, BEST
SPAC I Acquisition Corp. (the “Company”) received a letter from The Nasdaq Stock Market LLC (“Nasdaq”), which
stated that, based upon a review of the Company’s Market Value of Listed Securities (MVLS) for the last 30 consecutive business
days, the Company no longer meets the minimum MVLS of $35,000,000 required for continued listing pursuant to Nasdaq Listing Rule 5550(b)(2).
The Company also does not meet the requirements under Listing Rules 5550(b)(1) and 5550(b)(3).
The notification has no immediate effect on the
listing of the Company’s securities, and its units, Class A ordinary shares and rights will continue to trade on Nasdaq under the
symbol “BSAAU,” “BSAA” and “BSAAR,” respectively, at this time.
In accordance with the
Nasdaq listing rules, the Company has been provided a compliance period of 180 calendar days, or until February 15, 2027, in which to
regain compliance. In the event the Company does not regain compliance with the MVLS requirement prior to the expiration of the compliance
period, it will receive written notification that its securities are subject to delisting. At that time, the Company may appeal the delisting
determination to a Hearings Panel. There is no assurance that the Company will be able to regain compliance with the Nasdaq listing rules
prior to the expiration of the compliance period or at all.
This announcement is made in compliance with Nasdaq
Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification.
Forward-Looking Statements
Certain information contained in this report consists
of forward-looking statements for purposes of the federal securities law that involve risks, uncertainties and assumptions that are difficult
to predict. Words such as “will,” “would,” “may,” “intends,” “potential,”
and similar expressions, or the use of future tense, identify forward-looking statements, but their absence does not mean that a statement
is not forward-looking. Such forward-looking statements are not guarantees of performance and actual actions or events could differ materially
from those contained in such statements. For example, there can be no assurance that Nasdaq will accept the Company’s plan to regain
compliance or that the Company will regain compliance with the Nasdaq listing rules during any compliance period or in the future, or
otherwise meet Nasdaq continued listing standards. For additional information about factors that could cause actual results to differ
materially from those described in the forward-looking statements, please refer to the Company’s filings with the SEC. The forward-looking
statements contained in this report speak only as of the date of this report and the Company undertakes no obligation to publicly update
any forward-looking statements to reflect changes in information, events or circumstances after the date of this report, unless required
by law.