CORRESP Filing
BEST SPAC I Acquisition Corp.
Date: May 23, 2025 · CIK: 0002051587 · Accession: 0001213900-25-047462
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-286237
Referenced dates: April 10, 2025
Letter
Giovanni Caruso
Partner
345 Park Avenue Direct 212.407.4866
New York, NY 10154 Main 212.407.4000
Fax 212.937.3943
gcaruso@loeb.com
May 23, 2025
Ameen Hamady Kristina Marrone Isabel Rivera Benjamin Holt
Division of Corporation Finance
U.S. Securities & Exchange Commission
Office of Real Estate & Construction
100 F Street, NE
Washington, D.C. 20549
Re: BEST SPAC I Acquisition Corp. Registration Statement on Form S-1 Filed March 28, 2025 File No. 333-286237
Ladies and Gentlemen:
On behalf of our client, BEST SPAC I Acquisition Corp. (the "Company"), we hereby provide a response to the comments issued in a letter dated April 10, 2025 (the "Staff's Letter") regarding the above-referenced Registration Statement on Form S-1 (the "Registration Statement"). Contemporaneously, the Company is filing a revised Registration Statement via EDGAR (the "Amended Registration Statement"), which reflects the Company's responses to the comments received by the Staff and certain updated information.
In order to facilitate the review by the staff of the Securities and Exchange Commission (the "Staff") of the Amended Registration Statement, we have responded, on behalf of the Company, to the comment set forth in the Staff's Letter. The numbered paragraphs set forth below respond to the Staff's comments and correspond to the numbered paragraph in the Staff's Letter.
Registration Statement on Form S-1 filed March 28,
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies Recent Accounting Pronouncements, page F-12
1. We note your disclosure that Company's management does not believe that the adoption of ASU 2023-07 will have a material impact on the audited financial statements and disclosures. Please tell us how the Company considered the additional reportable segment disclosure requirements of ASU 2023-07. Please advise or revise accordingly.
Response: In response to the Staff's comment, the Company has revised the disclosure on pages F-33-34 of the Amended Registration Statement.
U.S. Securities and Exchange Commission May 23, 2025 Page 2
Please call me at (212) 407-4866 if you would like additional information with respect to any of the foregoing. Thank you.
/s/ Giovanni Caruso
Giovanni Caruso
Partner
Show Raw Text
CORRESP 1 filename1.htm Giovanni Caruso Partner 345 Park Avenue Direct 212.407.4866 New York, NY 10154 Main 212.407.4000 Fax 212.937.3943 gcaruso@loeb.com May 23, 2025 Ameen Hamady Kristina Marrone Isabel Rivera Benjamin Holt Division of Corporation Finance U.S. Securities & Exchange Commission Office of Real Estate & Construction 100 F Street, NE Washington, D.C. 20549 Re: BEST SPAC I Acquisition Corp. Registration Statement on Form S-1 Filed March 28, 2025 File No. 333-286237 Ladies and Gentlemen: On behalf of our client, BEST SPAC I Acquisition Corp. (the "Company"), we hereby provide a response to the comments issued in a letter dated April 10, 2025 (the "Staff's Letter") regarding the above-referenced Registration Statement on Form S-1 (the "Registration Statement"). Contemporaneously, the Company is filing a revised Registration Statement via EDGAR (the "Amended Registration Statement"), which reflects the Company's responses to the comments received by the Staff and certain updated information. In order to facilitate the review by the staff of the Securities and Exchange Commission (the "Staff") of the Amended Registration Statement, we have responded, on behalf of the Company, to the comment set forth in the Staff's Letter. The numbered paragraphs set forth below respond to the Staff's comments and correspond to the numbered paragraph in the Staff's Letter. Registration Statement on Form S-1 filed March 28, 2025 Note 2 - Basis of Presentation and Summary of Significant Accounting Policies Recent Accounting Pronouncements, page F-12 1. We note your disclosure that Company's management does not believe that the adoption of ASU 2023-07 will have a material impact on the audited financial statements and disclosures. Please tell us how the Company considered the additional reportable segment disclosure requirements of ASU 2023-07. Please advise or revise accordingly. Response: In response to the Staff's comment, the Company has revised the disclosure on pages F-33-34 of the Amended Registration Statement. U.S. Securities and Exchange Commission May 23, 2025 Page 2 Please call me at (212) 407-4866 if you would like additional information with respect to any of the foregoing. Thank you. /s/ Giovanni Caruso Giovanni Caruso Partner