Shareholders of Best SPAC I Acquisition Corp. (BSAA) approved a charter amendment on Monday, extending the deadline to complete a business combination by 12 months, from June 16, 2026, to June 16, 2027.
The decision was made at an extraordinary general meeting. Of 7,399,500 outstanding shares, 6,169,960 (83.38%) were represented. The proposal received 3,308,619 votes in favor and 2,861,341 against.
Following approval, the company filed its amended charter in the British Virgin Islands. The extension allows BSAA up to 24 months from its IPO to finalize a combination.
In connection with the vote, 5,333,287 shares were tendered for redemption. Additionally, the sponsor transferred 50,000 Class B shares to a third party in exchange for voting support.
BSAA is listed on Nasdaq under symbols BSAA, BSAAU, and BSAAR.
