{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-015071","form_type":"8-K","ticker":"BSAA","cik":"0002051587","company_name":"BEST SPAC I Acquisition Corp.","filed_at":"2025-09-26T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.909896+00:00","generated_at":"2026-05-17T05:37:31.274033+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"BEST SPAC I enters $300M merger with HDEducation Group in all-stock deal","bullets":["Total consideration $300M paid entirely in Purchaser ordinary shares valued at $10.00/share.","Earnout: up to 2M additional shares if VWAP exceeds $15.00 over 20 of 30 trading days within 2 years post-close.","Lock-up: Sponsor and certain HDE shareholders subject to 180-day lock-up; early release at $12.00 ($17.00 for earnout shares).","Sponsor and HDE shareholders entered Voting and Support Agreement to vote in favor of the transactions.","Closing conditions include SEC registration statement effectiveness and shareholder approvals; termination date June 13, 2027."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-015071","json":"https://secwatch.observer/filing/0001493152-25-015071.json","markdown":"https://secwatch.observer/filing/0001493152-25-015071.md","text":"https://secwatch.observer/filing/0001493152-25-015071.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2051587/000149315225015071/0001493152-25-015071-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2051587/000149315225015071/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:37:31.274033+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}