Company: BPAC
Filing Date: 2025-06-26
Form Type: S-1
Source: 0001185185-25-000701
Chunk: 28

Company: Blueport Acquisition Ltd
Filing Date: 2025-06-26
Form: S-1
Chunk 28
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 ordinary       
 shares equals or exceeds $12.00 per share (as adjusted for share splits, share capitalizations, reorganizations and recapitalizations)      
 for any 20 trading days within any 30-trading day period commencing at least 90 days after our initial business combination or (2)          
 we complete a liquidation, merger, share exchange or other similar transaction after our initial business combination that results          
 in all of our shareholders having the right to exchange their shares for cash, securities or other property.                                |
|                           |     | Additionally, our insiders have agreed not                                                                                                  
 to transfer, assign or sell any private units (including the ordinary shares issuable upon exercise of the private units or underlying      
 the rights contained therein) until at least 30 days after the completion of our initial business combination (except with respect          
 to permitted transferees as described herein under “Principal Shareholders”). Any permitted transferees will be subject                     
 to the same restrictions and other agreements of our initial shareholders with respect to any initial shares and the private units,         
 as applicable. However, if after our initial business combination, there is a transaction whereby all the outstanding shares are            
 exchanged or redeemed for cash (as would be the case in a post-asset sale liquidation) or another issuer’s shares, then the                 
 initial shares or the private units (or any ordinary shares thereunder) shall be permitted to participate.                                  |

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| Private placement                     
 at time of offering                   |     | Our sponsor has committed to                                                                                                                   
 purchasing from us an aggregate of 299,000 private units at $10.00 per private unit (for a total purchase price of $2,990,000). These          
 purchases will take place on a private placement basis simultaneously with the consummation of this offering. All of the proceeds              
 we receive from these purchases will be placed in the trust account described below. Our sponsor has also 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 the trust account. These additional            
 private units will be purchased in a private placement