Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 151

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 151
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 hours a week while we are trying to locate a potential target business to a majority of their time as we move
into serious negotiations with a target business for a business combination). We do not intend to have any full-time employees prior to
the consummation of a business combination.

Periodic Reporting and Audited Financial Statements

We will register our units, ordinary
shares and rights under the Exchange Act and have reporting obligations, including the requirement that we file annual, quarterly and
current reports with the SEC. In accordance with the requirements of the Exchange Act, our annual report will contain financial statements
audited and reported on by our independent registered public accountants.

We will provide shareholders with
audited financial statements of the prospective target business as part of any proxy solicitation sent to shareholders to assist them
in assessing the target business. In all likelihood, the financial information included in the proxy solicitation materials will need
to be prepared in accordance with U.S. GAAP or IFRS, depending on the circumstances, and the historical financial statements may be required
to be audited in accordance with the standards of the PCAOB. The financial statements may also be required to be prepared in accordance
with U.S. GAAP for Form 8-K announcing the closing of an initial business combination, which would need to be filed within four business
days thereafter. We cannot assure you that any particular target business identified by us as a potential acquisition candidate will have
the necessary financial information. To the extent that this requirement cannot be met, we may not be able to acquire the proposed target
business.

We will be required to comply
with the internal control requirements of the Sarbanes-Oxley Act beginning for the fiscal year ending December 31, 2026. A target company
may not be in compliance with the provisions of the Sarbanes-Oxley Act regarding the adequacy of its internal controls. The development
of the internal controls of any such entity to achieve compliance with the Sarbanes-Oxley Act may increase the time and costs necessary
to complete any such acquisition.

We are an emerging growth company
as defined in Section 2(a) of the Securities Act, as modified by the JOBS Act. As such, we are eligible to take advantage of certain exemptions
from various reporting requirements that are applicable to other public companies that are not “emerging growth companies”
including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements
of Section