---
title: "BEST SPAC I Acquisition | 10-Q: FY2025 Q3 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/265590679.md"
datetime: "2025-11-12T21:40:36.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/265590679.md)
  - [en](https://longbridge.com/en/news/265590679.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265590679.md)
generator: "portal-rs"
---

# BEST SPAC I Acquisition | 10-Q: FY2025 Q3 Revenue: USD 0

Revenue: As of FY2025 Q3, the actual value is USD 0.

EBIT: As of FY2025 Q3, the actual value is USD -1.013 M.

### Segment Revenue

-   The company has not generated any operating revenue as of September 30, 2025, since it is a blank check company focused on identifying a target for a business combination.

### Operational Metrics

-   **Net Income**: For the three months ended September 30, 2025, net income was $240,364, and for the nine months ended September 30, 2025, net income was $193,905.
-   **General and Administrative Expenses**: These were $423,606 for the three months ended September 30, 2025, and $557,829 for the nine months ended September 30, 2025.
-   **Loss from Operations**: The company reported a loss from operations of $423,606 for the three months and $557,829 for the nine months ended September 30, 2025.

### Cash Flow

-   **Net Cash Used in Operating Activities**: - $514,134 for the nine months ended September 30, 2025.
-   **Net Cash Used in Investing Activities**: - $55,000,000, primarily due to the purchase of investments held in the Trust Account.
-   **Net Cash Provided by Financing Activities**: $56,893,226, mainly from the proceeds of the IPO and private placement.

### Unique Metrics

-   **Investments Held in Trust Account**: As of September 30, 2025, the company had $55,663,293 in investments held in the Trust Account.

### Future Outlook and Strategy

-   **Core Business Focus**: The company aims to complete a business combination within 12 months from the IPO closing date, with a possible extension to 18 months. The target is in the consumer goods sector, and the company has entered into a merger agreement with HDEducation Group Limited, with an aggregate consideration of $300,000,000 to be paid entirely in stock.
-   **Non-Core Business**: The company has not commenced any operations and will not generate operating revenue until after the completion of its initial business combination.
-   **Priority**: The company is focused on completing the business combination within the specified timeframe to avoid liquidation and ensure the continuation of operations.

### Related Stocks

- [BSAA.US](https://longbridge.com/en/quote/BSAA.US.md)

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**