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SPAC · Deal announced · BSAAU

BEST SPAC I Acquisition Corp.

Business combination with HDEducation Group Limited

BEST SPAC I Acquisition Corp. (BSAAU) is a blank-check company (SPAC) that raised $55M in its initial public offering on Jun 13, 2025, listing on Nasdaq Capital Market. It agreed to combine with HDEducation Group Limited, announced on Sep 26, 2025, at a stated value of $300M. The deal has not closed yet. Loeb & Loeb advised the SPAC and Ellenoff Grossman & Schole advised the underwriters on the IPO.

Status
Deal announced
Ticker
BSAAU
IPO date
Jun 13, 2025
IPO size
$55M
IPO exchange
Nasdaq Capital Market
Target
HDEducation Group Limited
Target sector
Other
Announced
Sep 26, 2025
Stated deal value
$300M
Combined company
High Distinction Group Limited
SPAC counsel (IPO)
Loeb & Loeb and Ogier
Underwriters' counsel (IPO)
Ellenoff Grossman & Schole

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