BEST SPAC I Acquisition, a blank check company targeting the consumer goods sector, filed on Friday with the SEC to raise up to $55 million in an initial public offering.
The Hong Kong-based company plans to raise $55 million by offering 5.5 million units at $10. Each unit consists of one share of common stock and one right to receive one-tenth of a share upon the completion of an initial business combination.
BEST SPAC I Acquisition is led by CEO, CFO, and Chairman Xiangge Liu, who currently serves as an advisor to Homaer Capital and previously was the Managing Director and Responsible Officer of RRJ Management. The SPAC plans to target the consumer goods sector, focusing on businesses with a total enterprise value between $100 million and $600 million.
BEST SPAC I Acquisition was founded in 2024 and plans to list on the Nasdaq under the symbol BSAAU. Maxim Group LLC is the sole bookrunner on the deal.
