Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 224

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 224
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 certain other requirements are met
(including with respect to holding period). It is unclear, however, whether certain redemption rights described in this prospectus may
suspend the running of the applicable holding period for this purpose. U.S. Holders should consult their tax advisors regarding the
availability of such lower rate for any dividends paid with respect to our Class A ordinary shares.

Gain or Loss on Sale, Taxable Exchange or Other Taxable Disposition of Class A Ordinary Shares and Rights

Subject to the PFIC rules discussed
below, a U.S. Holder generally will recognize capital gain or loss on the sale or other taxable disposition of our Class A ordinary
shares or rights (including on our dissolution and liquidation if we do not consummate an initial business combination within the required
time period). Any such capital gain or loss generally will be long-term capital gain or loss if the U.S. Holder’s holding period
for such Class A ordinary shares or rights exceeds one year. It is unclear, however, whether certain redemption rights described
in this prospectus may suspend the running of the applicable holding period for this purpose. If the running of the holding period is
suspended, then non-corporate U.S. Holders may not be able to satisfy the one-year holding period requirement for long-term capital
gain treatment, in which case any gain on a sale or taxable disposition of our Class A ordinary shares or rights would be subject
to short-term capital gain treatment and would be taxed at ordinary income rates.

The amount of gain or loss recognized
on a sale or other taxable disposition generally will be equal to the difference between (i) the amount of cash and the fair market
value of any property received in such disposition (or, if the Class A ordinary shares or rights are held as part of units at the
time of the disposition, the portion of the amount realized on such disposition that is allocated to the Class A ordinary shares
or rights based upon the then fair market values of the Class A ordinary shares and rights included in the units) and (ii) the
U.S. Holder’s adjusted tax basis in its Class A ordinary shares or rights so disposed of. A U.S. Holder’s adjusted
tax basis in its Class A ordinary shares or rights generally will equal the U.S. Holder’s acquisition cost (that is, the
portion of the purchase price of a unit allocated to an Class A ordinary share or one right to receive one-sixth of one Class A ordinary
share, as described above under “