Company: BPAC
Filing Date: 2025-05-16
Form Type: DRS/A
Source: 0001185185-25-000502
Chunk: 111

Company: Blueport Acquisition Ltd
Filing Date: 2025-05-16
Form: DRS/A
Chunk 111
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 are estimates only. Our actual expenditures for some or all of these items may differ from        
 the estimates set forth herein. For example, we may incur greater legal and accounting expenses   
 than our current estimates in connection with negotiating and structuring our initial business    
 combination based upon the level of complexity of that business combination. We do not anticipate 
 any change in our intended use of proceeds, other than fluctuations among the current categories  
 of allocated expenses, which fluctuations, to the extent they exceed current estimates for        
 any specific category of expenses, would be deducted from our excess working capital.             |

Our sponsor has agreed to purchase an aggregate of 299,000 private units at a price of $10.00 per private unit ($2,990,000 in the aggregate) in a private placement that will occur simultaneously with the closing of this offering. Our sponsor has further agreed that if the over-allotment option is exercised by the underwriters, it will purchase from us at a price of $10.00 per private unit an additional number of private units (up to a maximum of 315,000 private units) pro rata with the amount of the over-allotment option exercised so that at least $10.00 per share sold to the public (or 100% of the gross proceeds) in this offering is held in trust. These additional private units will be purchased in a private placement that will occur simultaneously with the purchase of units resulting from the exercise of the over-allotment option. All of the proceeds we receive from these purchases will be placed in the trust account described below.

$69,000,000, or $79,350,000 if the over-allotment option is exercised in full, of the net proceeds of this offering and the sale of the private units will be placed in an account in the United States established and maintained by [____]. Pursuant to the investment management trust agreement that will govern the investment of such funds, the funds held in trust will be invested only in United States government treasury bills, bonds or notes having a maturity of 185 days or less, or in money market funds meeting the applicable conditions under Rule 2a-7 promulgated under the Investment Company Act and that invest solely in United States government treasuries, so that we are not deemed to be an investment company under the Investment Company Act. Except with respect to interest earned on the funds held in the trust account that may be released to us to pay our income or other tax obligations, the proceeds will not