---
title: "BEST SPAC I Acquisition | 10-Q: FY2026 Q1 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284367812.md"
datetime: "2026-04-28T12:02:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284367812.md)
  - [en](https://longbridge.com/en/news/284367812.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284367812.md)
generator: "portal-rs"
---

# BEST SPAC I Acquisition | 10-Q: FY2026 Q1 Revenue: USD 0

Revenue: As of FY2026 Q1, the actual value is USD 0.

EBIT: As of FY2026 Q1, the actual value is USD -649.74 K.

BEST SPAC I Acquisition Corp. operates as a single reportable segment, with its Chief Operating Decision Maker reviewing overall operating results for resource allocation and performance assessment decisions .

#### Operational Metrics

-   **Net Income (Loss)**: For the three months ended March 31, 2026, the company reported a net income of $359,471, comprising $145,134 in general and administrative expenses offset by $504,605 in interest income . In contrast, for the three months ended March 31, 2025, the company experienced a net loss of -$40,668, primarily due to formation and operating expenses .

#### Cash and Liquidity

-   **Cash on Hand**: As of March 31, 2026, the company had $1,171,639 in cash .
-   **Working Capital**: The company’s working capital amounted to $1,133,278 as of March 31, 2026 .
-   **Investments in Trust Account**: Marketable securities held in the Trust Account totaled $56,694,430 as of March 31, 2026 .

#### Future Outlook and Strategy

BEST SPAC I Acquisition Corp. is a blank check company focused on completing a Business Combination, intending to use proceeds from its initial public offering and private placement, along with other securities or debt, to fund this combination . The company has entered into a Merger Agreement with HDEducation Group Limited (HDE) for an aggregate consideration of $300,000,000, to be paid entirely in stock . The company faces a deadline of June 16, 2026, to consummate its initial Business Combination, with potential extensions, and management acknowledges substantial doubt about its ability to continue as a going concern if a business combination is not completed .

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

## Related News & Research

- [Best SPAC I net income turns to $166,802 in Q2 FY26](https://longbridge.com/en/news/295149690.md)

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