Company: BPAC
Filing Date: 2025-06-26
Form Type: S-1
Source: 0001185185-25-000701
Chunk: 29

Company: Blueport Acquisition Ltd
Filing Date: 2025-06-26
Form: S-1
Chunk 29
---
 that will occur simultaneously with the purchase of units resulting from the            
 exercise of the over-allotment option. The proceeds from the private placement of the private units will be added to the proceeds              
 of this offering and placed in an account in the United States at a U.S. chartered commercial bank with consolidated assets of $100 billion    
 or more selected by Wilmington Trust, National Association, acting as trustee.                                                                 |
|                                       |     | The private units are identical to the units sold in this offering.                                                                            
 Furthermore, our sponsor will agree (A) to vote the ordinary shares underlying the private units, or “private shares,” in                      
 favor of any proposed business combination, (B) not to propose, or vote in favor of, an amendment to our post-offering amended and restated    
 memorandum and articles of association that would stop our public shareholders from converting or selling their shares to us in connection     
 with a business combination or affect the substance or timing of our obligation to redeem 100% of our public shares if we do not complete      
 a business combination within 15 months from the closing of this initial public offering, unless we provide public shareholders with the       
 opportunity to redeem their public shares from the trust account in connection with any such vote (subject to shareholder approval, there      
 are no limitations as to the duration of an extension or the number of times the completion window may be extended by shareholders via         
 an amendment to our amended and restated memorandum and articles of association), (C) not to convert any private shares for cash from          
 the trust account in connection with a shareholder vote to approve our proposed initial business combination or a vote to amend the provisions 
 of our post-offering amended and restated memorandum and articles of association relating to shareholders’ rights or pre-business              
 combination activity and (D) that the private shares shall not participate in any liquidating distribution upon winding up if a business       
 combination is not consummated. Our sponsor has also agreed not to transfer, assign or sell any of the private units or underlying securities  
 (except to the same permitted transferees as the initial shares and provided the transferees agree to the same terms and restrictions          
 as the permitted transferees of the initial shares must agree to, each as described above) until 30 days after the completion of our initial   
 business combination.                                                                                                                          |
| Offering proceeds to be held in trust |     | Nasdaq rules provide that at least 90% of the gross proceeds from this                                                                         
 offering and the sale of the private units