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W. R. Berkley Corporation amended its Schedule 13G to report beneficial ownership of 437,808 shares of BEST SPAC I Acquisition Corp. Class A ordinary shares, representing 7.3% of the class as of 03/31/2026. The filing names Berkley Insurance Company as the acquiring subsidiary and is signed by Richard M. Baio on 05/07/2026.
W. R. Berkley Corporation amended its Schedule 13G to report beneficial ownership of 437,808 shares of BEST SPAC I Acquisition Corp. Class A ordinary shares, representing 7.3% of the class as of 03/31/2026. The filing names Berkley Insurance Company as the acquiring subsidiary and is signed by Richard M. Baio on 05/07/2026.
BEST SPAC I Acquisition Corp. is asking shareholders to approve a Charter Amendment extending its deadline to complete a business combination by 12 months, from June 16, 2026 to June 16, 2027. The amendment would remove the current requirement that the sponsor deposit $550,000 into the Trust Account for each three‑month extension.
The SPAC has signed a merger agreement with HDEducation Group Limited and needs more time to close that Business Combination. Shareholders may redeem their Class A shares in connection with the meeting for a pro rata share of the Trust Account, which held about $56.7 million as of April 10, 2026, implying an estimated redemption price of approximately $10.31 per share. If the amendment is not approved and no sponsor-funded extension is used, the SPAC will redeem public shares and liquidate.
BEST SPAC I Acquisition Corp. is asking shareholders to approve a Charter Amendment extending its deadline to complete a business combination by 12 months, from June 16, 2026 to June 16, 2027. The amendment would remove the current requirement that the sponsor deposit $550,000 into the Trust Account for each three‑month extension.
The SPAC has signed a merger agreement with HDEducation Group Limited and needs more time to close that Business Combination. Shareholders may redeem their Class A shares in connection with the meeting for a pro rata share of the Trust Account, which held about $56.7 million as of April 10, 2026, implying an estimated redemption price of approximately $10.31 per share. If the amendment is not approved and no sponsor-funded extension is used, the SPAC will redeem public shares and liquidate.
BEST SPAC I Acquisition Corp. reported Q1 2026 net income of $359,471, driven largely by $494,166 of interest earned on $56.7M of investments held in its trust account. General and administrative expenses were $145,134.
The SPAC held cash of $1,171,639 outside the trust and reported working capital of $1,133,278, with net cash used in operations of $123,420 for the quarter. As of March 31, 2026, 5,500,000 Class A shares were subject to redemption, carried at $56,118,258.
The company is pursuing a stock-for-stock Business Combination with HDEducation Group Limited valued at $300,000,000, plus up to 2,000,000 earnout shares tied to a $15.00 share-price hurdle. Management discloses substantial doubt about the ability to continue as a going concern if no Business Combination is completed by June 16, 2026.
BEST SPAC I Acquisition Corp. reported Q1 2026 net income of $359,471, driven largely by $494,166 of interest earned on $56.7M of investments held in its trust account. General and administrative expenses were $145,134.
The SPAC held cash of $1,171,639 outside the trust and reported working capital of $1,133,278, with net cash used in operations of $123,420 for the quarter. As of March 31, 2026, 5,500,000 Class A shares were subject to redemption, carried at $56,118,258.
The company is pursuing a stock-for-stock Business Combination with HDEducation Group Limited valued at $300,000,000, plus up to 2,000,000 earnout shares tied to a $15.00 share-price hurdle. Management discloses substantial doubt about the ability to continue as a going concern if no Business Combination is completed by June 16, 2026.
RiverNorth Capital Management, LLC reported a passive stake in BEST SPAC I Acquisition Corp., disclosing beneficial ownership of 400,000 common shares, representing 6.64% of the class as of December 31, 2025. RiverNorth has sole power to vote and dispose of these shares, with no shared voting or dispositive authority.
The filing states that the securities were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of the company. It also notes that other persons have the right to receive the proceeds from the sale of the reported securities.
RiverNorth Capital Management, LLC reported a passive stake in BEST SPAC I Acquisition Corp., disclosing beneficial ownership of 400,000 common shares, representing 6.64% of the class as of December 31, 2025. RiverNorth has sole power to vote and dispose of these shares, with no shared voting or dispositive authority.
The filing states that the securities were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of the company. It also notes that other persons have the right to receive the proceeds from the sale of the reported securities.
BEST SPAC I Acquisition Corp., a British Virgin Islands blank check company, reports on its first full year as a listed SPAC, focused on completing a business combination in the consumer goods sector.
The company raised $55,000,000 in its June 2025 IPO through 5,500,000 units at $10.00 each and placed this amount into a trust account, which grew to $56,200,264 by December 31, 2025 from interest income. As of February 9, 2026, 6,024,500 Class A ordinary shares and 1,375,000 Class B ordinary shares were outstanding.
On September 25, 2025, the SPAC signed a Merger Agreement to acquire HDEducation Group Limited in a stock-only deal valuing HDE at $300,000,000, with all consideration in Purchaser ordinary shares priced at $10.00 per share and up to 2,000,000 additional earnout shares tied to a $15.00 trading-price milestone. For 2025, the company generated net income of $649,853 driven by interest on trust investments, while warning of substantial doubt about its ability to continue as a going concern if it cannot complete a business combination within 12 months of the IPO, or up to 18 months if extended.
BEST SPAC I Acquisition Corp., a British Virgin Islands blank check company, reports on its first full year as a listed SPAC, focused on completing a business combination in the consumer goods sector.
The company raised $55,000,000 in its June 2025 IPO through 5,500,000 units at $10.00 each and placed this amount into a trust account, which grew to $56,200,264 by December 31, 2025 from interest income. As of February 9, 2026, 6,024,500 Class A ordinary shares and 1,375,000 Class B ordinary shares were outstanding.
On September 25, 2025, the SPAC signed a Merger Agreement to acquire HDEducation Group Limited in a stock-only deal valuing HDE at $300,000,000, with all consideration in Purchaser ordinary shares priced at $10.00 per share and up to 2,000,000 additional earnout shares tied to a $15.00 trading-price milestone. For 2025, the company generated net income of $649,853 driven by interest on trust investments, while warning of substantial doubt about its ability to continue as a going concern if it cannot complete a business combination within 12 months of the IPO, or up to 18 months if extended.
Wolverine Asset Management, LLC and related parties filed an amended Schedule 13G reporting a passive ownership stake in Best SPAC I Acquisition Corp. They beneficially own 525,982 Class A ordinary shares, equal to 8.73% of the outstanding Class A shares.
The reporting group, including Wolverine Holdings, LLC, Christopher L. Gust and Robert R. Bellick, shares voting and dispositive power over these shares and certifies the position is held in the ordinary course of business, not to change or influence control. The filing relates to holdings as of December 31, 2025, with percentages based on 6,024,500 Class A shares outstanding as of November 12, 2025.
Wolverine Asset Management, LLC and related parties filed an amended Schedule 13G reporting a passive ownership stake in Best SPAC I Acquisition Corp. They beneficially own 525,982 Class A ordinary shares, equal to 8.73% of the outstanding Class A shares.
The reporting group, including Wolverine Holdings, LLC, Christopher L. Gust and Robert R. Bellick, shares voting and dispositive power over these shares and certifies the position is held in the ordinary course of business, not to change or influence control. The filing relates to holdings as of December 31, 2025, with percentages based on 6,024,500 Class A shares outstanding as of November 12, 2025.
BEST SPAC I Acquisition Corp. received an updated ownership report showing that Feis Equities LLC and Lawrence M. Feis together beneficially own 602,260 Class A ordinary shares. This represents 9.99% of the Class A shares, based on 6,024,500 shares outstanding as of November 12, 2025.
The filing states that the reporting persons have sole voting and dispositive power over these 602,260 shares and no shared power. They certify that the shares were not acquired and are not held for the purpose of changing or influencing control of the company, but instead are reported on a passive basis.
BEST SPAC I Acquisition Corp. received an updated ownership report showing that Feis Equities LLC and Lawrence M. Feis together beneficially own 602,260 Class A ordinary shares. This represents 9.99% of the Class A shares, based on 6,024,500 shares outstanding as of November 12, 2025.
The filing states that the reporting persons have sole voting and dispositive power over these 602,260 shares and no shared power. They certify that the shares were not acquired and are not held for the purpose of changing or influencing control of the company, but instead are reported on a passive basis.