Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 273

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 273
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Note 6 — Commitments and Contingency(cont.)

Underwriting Agreement

The Company has granted the underwriters a 45-day
option from the date of the Proposed Public Offering to purchase up to 750,000 additional Units to cover over-allotments, if any, at
the Proposed Public Offering price less the underwriting discounts and commissions.

The underwriters will be entitled to a cash underwriting
discount of 1.50% of the gross proceeds of the Proposed Public Offering, or $750,000 (or $862,500 if the over-allotment option is exercised
in full). Additionally, the underwriters will be entitled to a deferred underwriting discount of 2% or $1,000,000 (or $1,150,000 if the
underwriters’ over-allotment option is exercised in full) of the gross proceeds of the Proposed Public Offering held in the Trust
Account upon the completion of the Company’s initial Business Combination subject to the terms of the underwriting agreement.

The underwriters have agreed (i) to waive their
redemption rights with respect to such shares in connection with the completion of its initial Business Combination, and (ii) to waive
their rights to liquidating distributions from the Trust Account with respect to such shares if the Company fails to complete its initial
Business Combination within 15 months from the closing of the Proposed Public Offering (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).

Note 7 — Shareholder’s Deficit

Class A Ordinary shares — The
Company is authorized to issue up to 450,000,000 shares of Class A ordinary shares with $0.0001 par value. As of June 30, 2025,
there were no shares of Class A ordinary shares issued or outstanding.

Class B Ordinary shares —
The Company is authorized to issue up to 50,000,000 shares of Class B ordinary shares with $0.0001 par value. In August 2025, the Sponsor
forfeited, for no consideration, 546,250 shares in a share recapitalization, resulting in the Sponsor holding an aggregate of 1,437,500
founder shares (up to 187,500 of which are subject to forfeiture depending on the extent to which the underwriters’ over-allotment
option